Ramot Raises $23.5M For Momentum Fund Technologies

November 23, 2014 | The technological transfer company of Tel Aviv University, Ramot, closed a $23.5 million funding round for a fund called the Momentum Fund. In addition, Ramot signed a strategic agreement with Temasek, a Singaporean investment company, which will be the second named investor after India’s Tata, with both funds committing at least $5 million. Temasek is one of the world’s largest investment companies that manages a portfolio worth $177 billion. The Momentum Fund has also raised funds from SanDisk, as well as private investors in South Africa, the US, Europe and India, to invest in technologies developed at Tel Aviv University, with an emphasis on engineering, the exact sciences, environment, clean tech, pharmaceuticals and more.