Canada’s Awz Ventures Places Thousands and thousands Into New Deal With Israel’s Protection Ministry
Canadian VC agency Awz Ventures has established a three way partnership with MAFAT—the Israeli Ministry of Protection’s Directorate of Protection Analysis and Growth (DDR&D)—and different Israeli safety companies. The brand new enterprise will put money into “pre-seed” and “inception” stage firms creating revolutionary safety applied sciences with vital business purposes within the civilian sector.
Globes experiences that the brand new enterprise has already put $82.5 million down for its first fund that may put money into “distinctive safety and intelligence applied sciences.”
MAFAT is the Israel Ministry of Protection DDR&D, liable for supporting all the Israel protection infrastructure in scientific and technological initiatives and finds options to Israel’s most urgent safety challenges.
Established in 2016, Awz Ventures is a Canadian-based international hub for enterprise capital investments in cyber safety, intelligence and bodily safety AI-based applied sciences from Israel, a world chief in these sectors. The agency was based by Israeli businessman Yaron Ashkenazi and contains the previous Canadian Prime Minister Stephen Harper as a associate.
Yaron Ashkenazi is a former officer who served in Israel’s Shin Guess, safety companies.
Awz manages $130 Million between its first two enterprise capital funds, having made early stage investments in 17 firms thus far. Awz administration and advisors embrace former senior executives from international safety and intelligence companies (Mossad, ISA, CIA, FBI, MI5, CSIS, CAF), and worldwide enterprise and enterprise capital specialists.
Awz explains that every portfolio firm will obtain a non-dilutive enterprise bundle together with workplace area within the Awz X-Seed hub and superior advertising and marketing, enterprise improvement, and know-how mentorship companies supplied by the hub’s in-house skilled group. Portfolio firms will additional profit from Awz Ventures’ enterprise improvement places of work in Canada, the US, and UAE that may help the businesses in increasing their international consumer base.
Awz X-Seed will initially make investments a median of $3 million to $5 million in every portfolio firm. Moreover, the perfect performing firms shall be thought-about for follow-on funding rounds by Awz Ventures’ growth-stage funds, alongside third-party buyers.
Managing Companion and Founding father of Awz Ventures Mr. Yaron Ashkenazi defined, “Awz Ventures’ distinctive strategic partnership with MAFAT and Israel’s different safety companies will enable our hub to have probably the most superior deal stream that stems from the true acknowledged wants throughout the safety business that even have a number of purposes throughout the business sector.” Ashkenazi added, “We are going to deal with these wants and gaps within the market each by investing in current firms and by creating firms collectively from scratch.”
Learn extra about: Awz Ventures