Chinese tech giant Kuang-Chi launch a $300 million Israel fund

4 May, 2016

The fund will start with an initial capital of $50 million, and is planned to grow to $300 million within three years. Beside investments in local initiatives, the fund will operate startup incubator

The fund will start with an initial capital of $50 million, and is planned to grow to $300 million within three years. Beside investments in local initiatives, the fund will operate startup incubator

1Chinese technology conglomerate Kuang Chi will launch an investment fund for investing in Israeli start-up companies. The fund will start with an initial capital of $50 million, and is planned to grow to $300 million within three years.

Beside investments in local tech initiatives, the fund will operate startup incubator to help the companies with technological, business development, marketing and organization know how. Indigo Global, Kung-Chi’s longtime partner in Israel, will represent and manage the CGI fund and the incubators activities.

Business know how is needed

A delegation of Kuang-Chi executives headed by CEO Dr. Ruopeng Liu will arrive this month to Israel to officially launch the fund. CEO Reopeng Liu said that Israel has unparalleled capabilities to offer the world. “Israel share with Kuang-Chi a special mindset and vision. We intend to invest in the best local companies in the fields of biometrics, communications, robotics, and AR, and to take them to the next level commercially and technologically.”

Kunag-Chi was founded in 2010 by five Chinese scientist, graduates of leading American universities. The conglomerate is active in China, North America, Europe, Australia and new-Zealand. Among its holdings, the group is a main shareholder of KuangChi Science Limited, Solar Ship Inc., Martin Aircraft Company biometrics pioneer Zwipe, and communications group HyalRoute. Acting through public companies, private holdings and research institutes, the group’s value exceeds $10 billion.

Indigo Global managing partner Dorian Barak said that ” Kuang-Chi isn’t merely a financial investor for their enormous technological resources, distribution networks, and design and product development capabilities to benefit the companies selected for the China-based accelerator.”

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