iAngels, an angel investing equity crowdfunding platform that enables private investors to co-invest with Startup Nation’s leading angels and gain access to exclusive early-stage opportunities, announced today that it has raised a solid $2.25 million seed round led by Roman Abramovich’s fund, Millhouse LLC.
— Jewish Business News (@JBusinessNews) March 24, 2015
iAngels became the 15th company to successfully raise funds through its platform, raising $1.25 million from some of Israel’s most successful angels and an additional $1 million from its global community of investors within two days.
Founding partner of iAngels, Shelly Hod Moyal was quoted on the event;
“We are very confident in the elite angels we’ve identified and their ability to spot the winners. In fact, we’ve structured our business model to take the same risk that investors take when they invest in Israeli startups through the iAngels platform.”
Mor Assia, founding partner at iAngels noted:
“With iAngels, gone are the days when the crowdfunding platform could make money without the angels themselves succeeding. High-Net-Worth Individuals are choosing to co-invest with leading Israeli angels through the iAngels platform because they appreciate our unique ability to find and engage Israel’s top performing angels and analyze their investment opportunities to make sound recommendations to our angel community.”
Israel’s elite angels and Roman Abramovich’s fund, Millhouse Capital, subscribe to Assia and Hod Moyal’s rationale. Angel Investors who participated in the Seed Round led by Millhouse Capital include Marc Lasry, Boaz Weinstein, Alex Waislitz, Drew Schaefer, Gigi Levy, David Assia, Daniel Recanati, Yanki Margalit and Marcy Simon.
Gigi Levy Weiss, iAngels advisor and one of Israel’s most successful angel investors, explained:
“iAngels provides unparalleled access to Israel’s best deal flow. The company’s unique model of investing alongside Israel’s top angels guarantees the quality of the selected companies and helps accredited investors worldwide beat the odds and make money from this coveted asset class.”
The year-old iAngels has already connected its investor community to a robust pipeline of high potential Israeli companies. In 2014, 15 Israeli companies successfully raised capital through the platform, led by the conviction of Israel’s top Angel investors and validated by the wisdom of the iAngels crowd. The iAngels investment portfolio includes promising companies such as TravelersBox, Hello Doctor, Webyclip, Nanorep, Drippler and Biscience.
Assia then added:
“We cherry pick only the most promising Israeli startups, selecting only 5% of the investment opportunities we evaluate private investors around the world benefit from the due diligence performed by both iAngels and Israel’s top performing angel investors. We expect significant growth in 2015.”
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