Israel Growth Partners Closes $230M For Second Investment Fund

June 20, 2018 | Investment firm Israel Growth Partners (IGP) announced Tuesday it had raised $230 million to close a new fund that would invest in mature Israeli high-tech startups. The fund, IGP II, plans to invest in companies with an annual revenue of more than $10 million, with each investment ranging between $15 million and $30 million. Current investors like Clal Insurance, Bank Leumi’s Leumi Partners, Discount Capital Markets, and other institutional and private investors also contributed to the fund. Founded in 2014 by venture capitalists Haim Shani and Moshe Lichtman, IGP’s first fund invested in nine companies including online diamond retailer R2NET, also called James Allen.