Singulariteam Raises $102M For Second Fund

January 28, 2015 | The managing partner at Singulariteam, Moshe Hogeg announced that the investment group will initiate its second fund worth $102 million. The fund will focus on early-stage investments in startups in the sectors of mobile, finance, robotics, and Internet of Things, among others. The fund’s investors include Chinese-based companies Tencent Holding Group and Renren. Singulariteam was founded by Mobli and Yo founder Moshe Hogeg in 2013 with the original mission to focus on investments in new sectors such as robotics and artificial intelligence. The first Singulariteam fund raised $100 million from Kenges Rakishev.