Saudi Arabia investing millions in Israeli start-ups
Categories: Capital Markets
Saudi sovereign wealth fund private investment arm Sanabil has disclosed extensive investment in Israeli tech companies, through large US funds.
the private investment arm of Saudi Arabia’s Public Investment Fund (PIF), one of the world’s largest sovereign wealth funds with estimated assets of $620 billion, disclosed its allocations to some 60 venture, growth, buyout and other funds globally. These investments include Insight Partners, Coatue, General Atlantic, Collaborative, Stripes and KKR, which have invested extensively in Israeli startups and in some cases have representatives that sit on the board of directors of these Israeli tech companies.
Read more in Globes.
