Taylor Wessing and British Embassy in Israel launch The VC Club
Taylor Wessing in partnership with British Embassy Israel, have announced that they are to launch new joint venture – The VC Club.
The Club is comprised of over 30 member VCs from the UK and Israel and will discover new innovation trends and access high-quality start-up deal flow by building strong relationships, sharing business intelligence and expertise.
The platform aims to increase the UK’s market share in investments in Israeli startups and to help Israeli investors identify exciting opportunities in the UK technology market.
According to IVC research Centre’s 2020 report, UK investments represent only 3% of about £7.2 Billion (USD 10 Billion) invested in Israeli startups in 2020, leaving UK investors behind in the market share (compared to US investors, which account for 35%).
British Ambassador Neil Wigan said: “With the UK being both the number one destination for Israeli entrepreneurs in Europe and the second-largest foreign investor in Israel, we know investors on both sides want to step up engagement. We are delighted to support and facilitate the growing demand via this programme, which will promote familiarity and trust-based relationships.”
Nathan Krapivensky, Co-Head of Taylor Wessing’s Israel Desk, added: “The UK is both the number one destination for Israeli entrepreneurs in Europe and the second-largest foreign investor in Israel so we are excited to be able to provide UK and Israeli VCs and investors exclusive access to cutting-edge start-ups from both ecosystems by building an exclusive and collaborative platform for both countries to exchange knowledge and business intelligence on investment opportunities.”
