Report: Coral Group To Establish Telefonica’s VC

May 21, 2015 | According to a “Calcalist” report, Yuval Almog of Coral Group will establish a $200 million venture capital firm for Telefonica, the Spanish telecommunications company. Almog, who is the chairman of Coral Group, will manage Telefonica’s investments in international startup companies through a firm called Open Future. Coral Group is an venture capital firm investing in high-tech companies in the United States, Israel and Europe.