Eyal Ofer injects USD 400 million into second VC fund
Categories: Hi-Tech
Eyal Ofer, chairperson of Ofer Global, one of the controlling shareholders in Mizrahi Tefahot Bank and a shareholder in the Royal Caribbean Group cruise line company, is taking advantage of market conditions to invest in early-stage technology companies.
Ofer has invested USD 400 million of his personal capital to set up a second fund of his venture capital firm O.G.Tech, bringing his commitment to over USD 500 million.
Ofer set up the first fund in 2017 with capital of USD 100 million, giving him a first foothold in the technology world.
