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challenge.co.il

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Investments

73

Portfolio Exits

22

Funds

3

About The Challenge Fund-Etgar

The Challenge Fund-Etgar is a principal investment firm specializing in equity investments in early, middle, first, second, and later stages. It prefers to invest in information technology, telecommunications, life sciences, the high-tech sector and related areas, and traditional industries. The firm seeks to invest in both public and private companies in Israel. The Challenge Fund - Etgar L.P. was founded in 1995 and is based at Tel-Aviv, Israel.

The Challenge Fund-Etgar Headquarter Location

20 Lincoln Street Rubenstein House, 20th Floor

Tel Aviv, 67134,

Israel

+972-3-562 8555

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Latest The Challenge Fund-Etgar News

West Lothian dementia cafes given £40,000 boost

Oct 4, 2013

West Lothian dementia cafes given £40,000 boost 10:16, 4 Oct 2013 West Lothian Council award money from their Challenge Fund to groups across the community. Shares Get daily news by email Dementia cafes in West Lothian are set to benefit from a £40,000 funding boost from West Lothian Council’s Challenge Fund. Two other groups, the Red Cross and The Murieston 50+ Group, are also set to receive a share of a £42,500 funding package. The funding recommendations put forward were approved by the Council Executive this week. The projects were submitted to the Senior Peoples Forum Sub Group who recommended the funding from the Challenge Fund. Anne McMillan, Executive councillor for health and care, said: “The Challenge Fund is designed to support projects and initiatives which directly benefit and enhance the quality of life for vulnerable older people.” She added: “There are nine Dementia Cafes in West Lothian and the cash will be spent over two years to enable the Dementia Cafes to further establish themselves at locations across the county. “With ongoing input required to train volunteers, and provide advice on the more challenging and complex issues, this funding will aid the Dementia Cafes which aim to support people with dementia who are living at home, and their carers.” People attending Dementia Cafes can choose to participate in activities and entertainment as well as access information, support and advice. The cafe’s also provide invaluable support to family carers. The Murieston 50+ Group will receive £1,000 from the Fund and £1,500 will go to the Red Cross. The Murieston 50+ Group has a membership of over 70 people and intends to use the funds to engage with speakers and musicians to provide entertainment, all with a view to enabling members to remain mentally, physically and socially active. The Red Cross charity will use their share of the funds to purchase 10 wheelchairs to lend out to West Lothian residents who are currently housebound due to age, ill health or injury.

The Challenge Fund-Etgar Investments

73 Investments

The Challenge Fund-Etgar has made 73 investments. Their latest investment was in EarlySense as part of their Series D on October 10, 2010.

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The Challenge Fund-Etgar Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/13/2010

Series D

EarlySense

$7M

No

9/28/2010

Unattributed VC

Onset Technology

No

6/10/2010

Series C

EarlySense

$13M

No

8/6/2009

Series D

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$99M

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0

3/20/2009

Unattributed

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$99M

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0

Date

10/13/2010

9/28/2010

6/10/2010

8/6/2009

3/20/2009

Round

Series D

Unattributed VC

Series C

Series D

Unattributed

Company

EarlySense

Onset Technology

EarlySense

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Amount

$7M

$13M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

0

0

The Challenge Fund-Etgar Portfolio Exits

22 Portfolio Exits

The Challenge Fund-Etgar has 22 portfolio exits. Their latest portfolio exit was Flash Networks on June 10, 2020.

Date

Exit

Companies

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

Acquirer

Sources

6/10/2020

Acquired

$99M

3

1/6/2014

Acquired

1

1/12/2012

Asset Sale

1

8/22/2011

Asset Sale

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0

11/8/2010

Acquired

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$99M

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0

Date

6/10/2020

1/6/2014

1/12/2012

8/22/2011

11/8/2010

Exit

Acquired

Acquired

Asset Sale

Asset Sale

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

3

1

1

0

0

The Challenge Fund-Etgar Acquisitions

1 Acquisition

The Challenge Fund-Etgar acquired 1 company. Their latest acquisition was Bitband Technologies on December 15, 2004.

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

12/15/2004

Series C

$99M

$21.1M

Acq - Fin

Date

12/15/2004

Investment Stage

Series C

Companies

Valuation

$99M

Total Funding

$21.1M

Note

Acq - Fin

Sources

The Challenge Fund-Etgar Fund History

3 Fund Histories

The Challenge Fund-Etgar has 3 funds, including Challenge Fund-Etgar II LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/1/2000

Challenge Fund-Etgar II LP

Multi-Stage Venture Capital

Closed

$119M

1

12/31/1995

Challenge Fund-Etgar LP

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$99M

10

Challenge Fund-Etgar III LP

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10

Closing Date

12/1/2000

12/31/1995

Fund

Challenge Fund-Etgar II LP

Challenge Fund-Etgar LP

Challenge Fund-Etgar III LP

Fund Type

Multi-Stage Venture Capital

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Status

Closed

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Amount

$119M

$99M

Sources

1

10

10

The Challenge Fund-Etgar Team

9 Team Members

The Challenge Fund-Etgar has 9 team members, including current President, Joseph Ciechanover.

Name

Work History

Title

Status

Yossi Ciechanover

Founder

Current

Joseph Ciechanover

President

Current

Yossi Pastel

Chief Financial Officer

Current

Yossi Vinitski

Executive Vice President

Current

Tamar Ciehanover

General Partner

Current

Name

Yossi Ciechanover

Joseph Ciechanover

Yossi Pastel

Yossi Vinitski

Tamar Ciehanover

Work History

Title

Founder

President

Chief Financial Officer

Executive Vice President

General Partner

Status

Current

Current

Current

Current

Current

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