Benson Oak Aims to Raise $100 Million for Blockchain Purpose

Benson Oak Aims to Raise $100 Million for Blockchain Purpose

An investment Bank, Benson Oak, has plans to raise $100 million to launch a Blockchain dedicated investment fund. The fund will be devoted to the Israeli market and will take a focus on blockchain startups.

Benson Oak has around 20 years of venture capital investment experience on a global scale including the US, Europe and Israel. It has investments in leading consumer platforms and other platforms too including the flagship company AVG (NYSE, 2012). The company looks for every conceivable way to add value pre-investment, during due diligence and through a deeper involvement with portfolio companies.

It has raised over $5 billion worldwide and had announced the establishment of Benson Oak Ventures – a special investment fund focused on Israel. Benson Oak Ventures has already raised $25 million and is working with an aim to reach $100 million funds target by the end of this year. It is based in Prague, Czech Republic.

The funding will mostly come from family offices and private investors. Institutional Investors will be excluded from the list of investors. Benson Oak Ventures hopes to release the names of two portfolio firms in the coming days. The venture will focus on seed-stage blockchain and consumer-facing startups.

Managing partner, Robert Cohen, says

“I believe that there are great entrepreneurs in Israel who are leading the platforms of the future, with creating and disruptive use of blockchain technologies. I moved to Israel six years ago, and with a passion to build companies, I have established Benson Oak Ventures as a new platform to provide financial and operational capital to the best entrepreneurs in Israel and around the world.”

According to Mr. Robert Cohen, the firm has been investing in the market of Israel for some time now. The new fund will majorly be invested in blockchain startups which offers consumer products and enable community growth. The aim is to boost the use of blockchain at the consumer level.

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Aayushi Dhawan
Aayushi Dhawan is an avid reader, researcher, crypto writer and a passionate student. While pursuing her graduation in commerce at SRCC, she realized that writing and Finance give her immense pleasure. She is currently pursuing her post graduation in Commerce (Finance) from Department of Commerce, Delhi School of Economics and keeps on exploring the intricacies of research, her biggest strength.