Leading US investment firm General Atlantic opens Tel Aviv office
Company with $84 billion in assets has invested $750 million in Israeli startups in recent years
Luke Tress is The Times of Israel's New York correspondent.
General Atlantic, a major US investment firm, said Monday it was opening a new office in Tel Aviv, after investing hundreds of millions of dollars in Israeli companies in recent years.
The firm said the new office would help it expand in the Middle East and tap into the “highly entrepreneurial Israeli ecosystem.”
General Atlantic said it has invested over $750 million in eight high-growth Israeli tech companies since 2019 and sees significant opportunity for more growth.
The company said it is aiming to invest in additional early-stage tech startups with a high growth potential.
Its Israeli investments include AppsFlyer, Atera, Fireblocks, Hibob, Transmit Security and Riskified.
Bill Ford, the General Atlantic’s CEO, said, “General Atlantic is proud to establish a local presence in Israel, a market that stands out as a hub of global entrepreneurship and digital transformation.”
“Israel’s cutting-edge technology sector is underpinned by a culture of innovation and dynamism, and we are thrilled to be establishing an official base here,” said Anton Levy, General Atlantic’s head of technology investing. “We believe there is significant opportunity to support and scale the country’s next generation of growth companies.”
General Atlantic is headquartered in New York, was founded in 1980 and calls itself a global growth equity investor. It has $84 billion in assets, 191 portfolio companies and 442 employees.
The Tel Aviv office will be General Atlantic’s 15th office worldwide, joining locations including Amsterdam, Beijing, Hong Kong, Jakarta, London, Mexico City and Mumbai.
The Times of Israel Community.