David Halperin, one of many house owners of Israel’s Halperin Optical” chain, collectively together with his associate Amitay Yamin, has based a brand new Israeli enterprise capital fund Contrago Ventures. The brand new fund will make investments $50 million in B2B firms working in cloud computing, the cybersecurity, fintech and food-tech, synthetic intelligence and machine studying sectors. The fund’s anchor traders embody firms and a few of the world’s greatest angel traders, who’re a part of the worldwide community of the connections of the Halperin household.
Contrago Ventures plans working within the first stage out of Tel Aviv, and inside a yr to open places of work in New York. The agency will make investments from seed rounds via to C rounds.
David Halperin (41), son of the Halperin household, and a associate within the “Halperin Optical” chain, has centered in recent times on philanthropy, actual property investments, and expertise. 15 years in the past, he based “Shaming Shames Me,” an NGO that works to strengthen a tradition of optimistic on-line dialogue in Israel and to advertise values of tolerance and mutual respect via elevating consciousness in regards to the injury achieved by slander and shaming. The actions of the NGO are worldwide and the slogan has already been translated into 15 languages. Contrago Ventures will donate 2% of its income to the “Shaming Shames Me”
“It flatters me way more that folks acknowledge me because the founding father of ‘Shaming Shames Me’ and solely afterwards as one of many house owners of ‘Halperin Optical.’ The actions of the NGO save lives and performs numerous good issues and I’m pleased with the change in consciousness that we now have achieved,” mentioned Halperin.
About Contrago enterprise capital fund, he mentioned, “Excessive-tech has an enormous affect on virtually each space of our lives and I see this particularly within the retail world that I do know so very effectively. I count on that this pattern will proceed, and after years during which I’ve been concerned in high-tech in an oblique method as an angel and guide, now I’m instituting these actions my actions by establishing Contrago.”
The “Halperin Optical” chain is the most important optical retail chain in Israel and it operates with out franchises. “Halperin Optical” was based in 1988 by Rabbi Rafael Halperin, David’s father, as a way to permit Israelis from all backgrounds to purchase spectacles, sun shades and get in touch with lenses, at inexpensive costs for all. The chain markets spectacles, sun shades, contacts lenses and multifocal lenses, and options for contact lenses. Among the many merchandise that the chain sells are the Ray-Ban, Armani, Prada, Marc Jacobs manufacturers, and extra. The chain has 130 branches and 700 workers together with optometrists and opticians.
Amitay Yamin (25) started working when he was 15, offering human sources for the lodge and restaurant business. He rapidly translated this exercise right into a startup that developed a software program answer for managing human sources within the hospitality business. Subsequently and concurrently to his research for a regulation diploma, within the direct monitor to an MBA at Reichman College (IDC Herzliya), he joined the Hanaco Ventures enterprise capital fund, as a part of the fund’s funding workforce. After that he served as funding guide for the angel investments of the Swiss ReInternational Household Workplace, which invested in additional than 40 Israeli startups, and at present he is among the traders within the Contrago fund. “As an entrepreneur, I can say that entrepreneurs are searching for way more than cash. Entrepreneurs are searching for a real associate for the journey. An investor who will continuously be by their aspect and understands what they want at each stage, each at a enterprise degree and when it comes to their mentality. As entrepreneurs, we all know easy methods to help them even when not the whole lot is rosy.”
He added, “Contrago Ventures doesn’t plan to compete with the big, veteran funds. If the cash beneath administration was the one measurement of enterprise capital funds, then we’d face fierce competitors, however I don’t suppose that in at present’s actuality that’s the decisive criterion. Once you mix work across the clock for the entrepreneur with harnessing Halperin’s international enterprise community, distinctive, vital and sensible worth is created for firms, which is lastly translated into development. Each firm, in the end, must justify the valuation that’s given to it.”
Printed by Globes, Israel enterprise information – en.globes.co.il – on February 3, 2022.
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