NEW YORK & PHILADELPHIA–(BUSINESS WIRE)–INE Ventures, LLC is pleased to announce the official launch of INE Ventures Fund I, following the Mayor of Philadelphia’s Economic Trade Mission to Israel. INE Ventures will co-invest seed capital in Israeli technology startups with a selection of trusted venture capital partners to relocate portfolio company founders to Philadelphia and New York City to help them penetrate the U.S. market and turn into growing multinational companies…
…“The cooperation between Plus Ventures and INE Ventures will allow us to not only win the most promising early stage Israeli start-up investments, but to also answer a critical success-factor that affects all start-up companies located in Israel,” says Roy Oron, Partner and Head of Venture Development at Plus Ventures, and advisor with INE Ventures. “As is one of the most active investors in Israeli early stage start-ups, at Plus Ventures we not only lead the first investment round, but we also help grow companies – ‘hands-on’. Our goal partnering up with INE is two-fold: Having INE and other US early stage investors co-invest with us in ‘Start-Up Nation’, and, as importantly, helping our portfolio companies propel to penetrate the US market as soon as they are ripe so that they achieve success, at the early stages of the development of the company, and close Series A rounds sooner.”…