By Roy Goldenberg
US venture capital fund 500 Start-ups is opening an Israel office. The fund, which operates one of the world’s five leading accelerators, has appointed Adam Benayoun and Diana Moldavsky as investment partners. They will be sourcing and investing in Israeli companies as well as supporting the existing 500 Start-ups network in Israel. 500 Start-ups has invested to date sums of between $100,000 and $250,000 in about 1,200 early stage start-ups worldwide.
Benayoun said that the fund plans making 10-20 investments over the next year. The total investment (each of up to $250,000) could reach $5 million. Some of the start-ups will be invited to join 500 Start-ups accelerators in San Francisco and Mountain View.
Founded in 2010, 500 Start-ups is a venture capital seed fund and start-up accelerator based in Silicon Valley with $200 million in assets under management.