VC Fund LionBird II Raises $40M

April 25, 2016 | Israeli venture capital fund LionBird II will soon make an initial closure of $40 million in funding. The fund is the second by the LionBird group, which invests in digital health and financial services companies. The company is led by brothers Chaim and Itschak Friedman, who founded STARLIMS and sold it to Abbot in 2010 for $123 million. Another partner in the fund is former Abbot executive VP diagnostic products Ed Michael of the US. The first LionBird fund raised $20 million in 2013, and invested in companies like Tyto, Sweetch, Fundbox, Telesofia, and Genome Compiler. The Friedman brothers and Michael will invest 15-20% of the amount, as they did in the first fund.