October 7, 2014 | Chemi Peres, son of former president Shimon Peres, founding partner at venture capital firm Pitango and chairman of the Peres Center for Peace has set up a new investment fund called Amelia. The new fund will focus on investing in endeavors and ventures connected to the Middle East and was founded together with Jonathan Kolber, a general partner at Viola Fund, and Assaf Shariv, media advisor to former prime ministers Ehud Olmert and Ariel Sharon. The fund has raised $15 million from private investors, with the intention to raise $50 million by the end of 2015. The fund has already made two investments in a agriculture, energy and water ventures company Demeter and a technology incubator for Arab Israelis called Takwin Labs. All of the profits that Amelia makes will be donated to the Peres Center for Peace.