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Aug 03, 2016

Record Breaking Month | Four Hi-Tech Companies Raise USD 51.1 Million

A record breaking month - two of HFN's clients are mentioned among four hi-tech companies that have recently raised USD51.1 million in total.
Ornim Medical, which develops and markets non-invasive devices for monitoring oxygen saturation levels in the brain, announced the completion of its investment of USD 20 million. The round was led by HFN's client, Chinese Fund, Long-Tec,which HFN has accompanied through several other investments in Israeli companies.
Another HFN client, Spot.IM,  raised USD 13 million since its inception and has jsut completed an investment of USD 18 million by Roman Abramovich.
Both transactions above were led by HFN Partner Yair Geva, Co-head of the Hi-Tech and Yuval Zilber, Partner in the Hi-Tech Department.  
To read the full article (Hebrew), click here.