Full coverage· Economy· Updated
Israeli Investor Dov Frances Launches $1 Billion Funding Round on October 7th
Dov Frances, founder of Group 11, revealed his fund submitted a term sheet to lead a $1 billion funding round for a company, intentionally dated October 7th. The company's founder, who fought and evacuated families on that day, is a key figure.
2 newsrooms · 1 language · since
Plus
What happened
- 01Dov Frances's Group 11 fund submitted a term sheet to lead a $1 billion funding round on October 7th.
- 02The chosen date, October 7th, was intentional and linked to the Hamas attacks.
- 03The company's founder was in reserve duty on October 7th, fought, and helped evacuate families.
- 04Since October 7, 2023, Group 11 has invested hundreds of millions in 15 Israeli companies.
- 05Frances highlighted the resilience of Israeli entrepreneurs and the tech sector's recovery.
Since October 7, 2023, Group 11 has invested hundreds of millions in 15 Israeli companies, underscoring continued support for the nation's tech sector.
The coverage
2 newsrooms on this story
Who covered it
- LeftNone
- CentreNone
- Right1
- HarediNone
- ArabNone
- Other1