Sweden's EQT to invest in Israeli tech from new €2.2b fund

• Author: Danny Zaken
• Published date: 12 September 2022
• Publication title: Globes (Rishon LeZion, Israel)

It is not yet clear just how much of the fund will be invested in Israel. Each individual investment will be of €50-200 million, so that even if only a few Israeli companies are on the list, the amount flowing to Israel will be substantial. EQT says that investing in Israeli companies will also have the aim of promoting cooperation with portfolio companies in Europe. Among the investors in the fund, which exceeded its target of €2 billion, are pension funds, sovereign wealth funds, asset managers and high-net-worth individuals from across Europe, Asia, North America and the Middle East

A delegation from EQT recently visited Israel and for two weeks surveyed local companies and met senior people from Israel's technology sector. So far, EQT's only investment in Israel has been a $100 million investment in cybersecurity company CYE. That move indicates at least one possible direction for future investments.

Shannee Braun, a director at EQT, told "Globes" that her firm saw Israel as one of the most attractive markets for the growth potential of companies and their value, and so it was looking for investment opportunities in the country. "Israel has a growing number of companies of a size...