To Infinity and Beyond: Get Ready for the First Israeli Space Tech Venture Capital algemeiner.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from algemeiner.com Daily Mail and Mail on Sunday newspapers.
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Apr. 11, 2021
A new Israeli venture capital fund called Type5 is in the process of raising $110 million to invest in space-technology startups, a sector that VC investors in Israel have generally avoided as being too risky.
As a result, space technology is relatively undeveloped in Israel. Lior Herman, a founding partner of the fund, is determined to end that. “Israel is already known as Startup Nation, but we need to become Space Nation,” Herman said. “Space is a new industrial-economic era, whose impact Israel cannot ignore if it is to remain innovative.”
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