Thorney Investment Group in Australia Secures $15million Alliance with iAngels Investment Platform

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Wednesday, December 2nd, 2015


The Bridge_475


iAngels co-founders Mor Assia and Shelly Hod-Moyal joined The Israel Trade Commission in Sydney as speakers for The Bridge: Israel-Australia Investment Summit this November.

During their time in Australia, iAngels secured the following deal, as reported by Damon Kitney in The Australian on 24 November 2015:

Alex Waislitz’s Thorney Investment Group plans to invest up to $15 million in a strategic alliance with Israeli early-stage technology investment platform iAngels, which is backed by a host of international high net worth players including Russian billionaire Roman Abramovich.

iAngels is an investment platform that sources investment ­opportunities focused on ­Israeli start-ups and early stage companies.

Its investments have included softwear company Nanorep, medical records app group Hello Doctor, and photo-management start-up ­Myroll.

The platform allows private investors to gain access to exclusive early-stage opportunities by collaborating and co-­investing with some of Israel’s leading and most respected angel and venture capital investors.

Thorney’s investment includes a direct equity stake in iAngels, guarantees to invest directly in some of iAngels’ start-up ventures and underwriting guarantees up to a value of $15m.

“I’ve spent a lot of time with the iAngels team and reviewed a large number of investment opportunities. I’ve been impressed by the team, by the iAngels processes, especially, their due diligence and by the investment opportunities that they have identified and presented,’’ said Mr Waislitz..

“This strategic alliance will give us direct access to the exciting Israeli tech sector, which had been attracting interest from around the world.”

iAngels co-founders Mor Assia and Shelly Hod Moyal said 20 per cent of the $20m they had raised since their launch 18 months ago had been from ­Australia.

Thorney was an early investor into iAngels and has subsequently made a number of angel investments on the iAngels platform.

“We have a pretty significant following, primarily private investors in Sydney, Melbourne and Perth. And a couple of single family offices,’’ Ms Hod-Moyal said.

“They love the idea of having a team on the ground in Israel that is ingrained into the ecosystem that has all the relationships with the angel investors and venture capital teams. And with a research capability, we can be their eyes and ears in Israel.’’