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Mutual Fund
tech.ibi.co.il

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Investments

8

About IBI Tech Fund

IBI Tech Fund is a Hi-Tech closed end mutual fund, specializing in tech investments with $110M under management. It invests in entrepreneurs who develop cutting-edge technologies and help them building large Israeli companies and succeed on the global stage. IBI Tech Fund works with angel investors, technology experts and financial investors in order to support entrepreneurs as they build successful companies.

IBI Tech Fund Headquarter Location

9 Ahad Ha'am St.

Tel Aviv, 6525101,

Israel

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Latest IBI Tech Fund News

Shopic Raises Additional $10M in Equity Funding

Jul 13, 2021

Shopic , a Tel Aviv, Israel – based retail AI solution provider, raised an additional $10m in equity funding bringing the total amount raised to date to $21m. The round was led by Claridge Israel, with participation from existing investors Entrée Capital, IBI Tech Fund, and Tal Capital. In conjunction with the funding, Oded Tal, Founding Managing Partner of Claridge Israel, will be joining Shopic’s Board of Directors. The company intends to use the new funds to accelerate commercial activities and expand its team. Led by Raz Golan, CEO and Co-founder, and Eran Kravitz, Co-Founder and CTO, Shopic creates personalized shopping experiences in brick-and-mortar stores of major grocery chains worldwide by leveraging an AI-powered clip-on device that instantly recognizes items placed in or taken out of the cart in real-time, automatically registering them by price and displaying the shopper’s active receipt on the device’s screen. Shopic personalizes the in-store experience by offering digital promotions based on consumers’ previous buying habits, store location, and item selection all in real-time – saving them time and money. For retailers, the company’s analytics engine optimizes store management with real-time tracking of shopping carts and store shelves. Shopic provides retailers with live data on a shopping journey and the shopper’s various interactions in the store. This data can be used for footpath personalization, contextual promotions and better understanding of shopping habits. FinSMEs

IBI Tech Fund Investments

8 Investments

IBI Tech Fund has made 8 investments. Their latest investment was in Shopic as part of their Series B on July 7, 2021.

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IBI Tech Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/13/2021

Series B

Shopic

$10M

No

3

5/26/2021

Series A

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$99M

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10

5/10/2021

Seed VC

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$99M

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10

5/14/2020

Series A

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$99M

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10

7/11/2019

Seed

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$99M

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10

Date

7/13/2021

5/26/2021

5/10/2021

5/14/2020

7/11/2019

Round

Series B

Series A

Seed VC

Series A

Seed

Company

Shopic

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Amount

$10M

$99M

$99M

$99M

$99M

New?

No

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Co-Investors

Sources

3

10

10

10

10

IBI Tech Fund Acquisitions

1 Acquisition

IBI Tech Fund acquired 1 company. Their latest acquisition was Quality Financial Engineering on July 19, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/19/2019

Corporate Majority

1

Date

7/19/2019

Investment Stage

Companies

Valuation

Total Funding

Note

Corporate Majority

Sources

1

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