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Israel s FinTLV Raises $120 Million for New Fintech Fund

Yaacov Benmeleh, Bloomberg News Commercial buildings stand on the city skyline as people relax on the beach ahead of a second nationwide coronavirus lockdown in Tel Aviv, Israel, on Friday, Sept. 18, 2020. Israel’s cabinet voted to impose a second nationwide lockdown starting Friday to try to tamp down a raging coronavirus outbreak, brushing aside appeals from both a business world warning of economic strangulation, and the powerful ultra-Orthodox Jewish community. Photographer: Kobi Wolf/Bloomberg , Bloomberg (Bloomberg) Israeli venture capital firm FinTLV raised $120 million for a new fund investing in global growth-stage insurance and financial technology companies. Investors include Japan’s MS&AD Insurance Group, FWD Ltd. of Hong Kong and a few of Israel’s biggest investment houses, according to a statement on Sunday.

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