Leumi Group Invests $10M In Powermat

Leumi Partners, Leumi Group’s investment subsidiary, has invested $10 million in Israeli company Powermat, which develops wireless charging surfaces for mobile devices. The investment reflects a market worth of $344 million. Leumi joins other investors, such as Goldman Sachs and the Hudsun Fund. Estimates suggest that Powermat has so far raised a total of $100 million.