New entrant to the stock exchange: The R&D partnership in the field of life sciences, Alameda Ventures, has completed an immediate fundraising of approximately NIS 69 million.
Alameda is led by Tzachi Sultan, chairman of Discount Capital Underwriting, and who led the issuance of many biomed companies on the Tel Aviv Stock Exchange at the end of the previous decade, along with Dr. Irit Yaniv and Amir Blatt, who are retiring from the fund management group. Axelmed risk managed by Uri Geiger.
Among the investors who participated in the fundraising are the founders of the partnership (about 10%), the Phoenix Insurance Company, the investment company of Vincent Changwiz, investors in the field of life sciences, other institutional investors and the public.
Recently, the stock exchange allowed the issuance of partnerships in R&D companies after until then it was allowed to raise capital in this way for oil and gas exploration partnerships (and also for the film industry – which was unsuccessful). , And investors need to take into account binary opportunities – huge success or a complete crash.
The companies in Almeda’s portfolio at present are Bioprotect and TaylorMurmed, both companies in which Yaniv and Blatt have also invested in an Axelmed hat. Bioprotect, founded in 2004, has developed a silicone implant designed to protect vital organs during radiation to the prostate. Alameda is expected to complete a $ 3 million investment in the company after the IPO. Tailormed, which has developed financial management software for healthcare, medical clinics and the patient itself, has raised about $ 9 million to date (of which Almeda’s share is $ 1 million after the IPO).
The partnership plans to invest in companies in Israel and abroad with research and development projects in the field of digital health and medical devices, with the aim of building a diverse portfolio with exits expected of 1-5 years. The capital invested will be directed to the clinical trial required to obtain FDA approval, and start sales.
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