Liquidity Capital, from Meitav Dash, raised $ 20 million in its first round of investment, which was invested by the large American venture capital fund Spark Capital, which manages approximately $ 5 billion in assets, and the Innovation Fund. MUIP From the Mitsubishi Finance Group. In return for the investment, Liquidity, which today stands at $ 100 million, has allotted 20% of its shares to the funds.
The latest investment will be channeled to accelerate the technology developed by the company – a smart algorithm for forecasting income and cash flows, which helps manage and monitor financing transactions, while operating financial tools that enable debt-free growth. In addition, part of the investment will be transferred to a liquidity fund that supports many companies that are growing and developing the company’s business in Asian markets and the United States.
As part of the transaction, Liquidity granted Spark a license to use the technology it developed and Spark Gave liquidity the right to join future investments made by it in additional companies. In addition, Spark Has announced that it may increase its liquidity holdings by up to 20% in the coming year. Meitav Dash, according to its announcement, will relinquish control of Liquidity following the transaction and will hold only about 44.6% of its shares. The veteran investment house predicts that its total accounting profit from the deal will range from $ 20 million to $ 25 million.
Comments on the article(0):
Your response has been received and will be published subject to system policies.
For a new response
Your response was not sent due to a communication problem, please try again.
Return to comment
*The article has been translated based on the content of Source link by http://www.ice.co.il/finance/news/article/788793
. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!