Synaptech Capital will invest in companies that develop innovative
Cybersecurity, Smart City, Fintech, Insure-Tech, and Public Safety
technologies. The fund's deal flow process is already in motion, seeking
companies with Exit or M&A potential in the foreseeable future.
"Synaptech Capital is based on partnership," former Israeli Minister of
Defense, and Former Chief of Staff of the IDF, Moshe (Bogie) Ya'alon said according to a statement released by the company. "It's
not a one-sided transaction where Israel contributes the ideas, and the UAE
provides funding, but a mutual collaboration that creates opportunities for
regional start-ups to grow and succeed using resources from both cultures;
that is also why we chose to base the fund in Abu Dhabi".
Mr. Ya'alon is not new to the tech game and as a bonus, the many ties he has
maintained throughout his career with officials and key figures worldwide are
a force that can leverage any project he is involved in.
Synaptech Capital was founded and is backed by Israel's Avnon Group, a
veteran in business processes and innovative technology solutions. "I found
Avnon Group's extensive ecosystem especially appealing, with professionals
who are experts in the fields the fund will invest in. Avnon Group's in-house
services allow the team to develop any start-up and bring it full circle from its
early stage to Go-To-Market."
