The Phoenix Investments and Finances Ltd.

www.fnx.co.il/en/investor-relations/

Institutional Investor

Tech Verticals Preferences

Biotechnology, Broadcasting, Content Delivery Platform, Cyber Security, Data Analytics, Defense Tech, DevOps, Digital Health, Digital Media, e-Commerce, Enterprise Applications, Entertainment, FinTech, Hardware, Healthtech, Industrial Technologies, Insurtech, Internet Applications, Medical Devices, MedTech, Military, Mobile Applications, Security, Security Semiconductors, Social Networks, Software Technologies

General Data

Established	1980
Current Active Portfolio Companies:	63
Reg. Number:	abCDe

DESCRIPTION

The Phoenix Investments and Finance Ltd. is a fully owned subsidiary of The Phoenix Holdings, a leading Israeli financial services group traded on the Tel Aviv Stock Exchange. Group businesses include multi-line insurance, asset management, credit, and distribution. The group serves a significant portion of Israeli households with a broad set of solutions across businesses and client segments. Managing over $370billion in assets, the Phoenix accesses Israel’s vibrant and innovative economic activity through a robust investment portfolio, creating value for both clients and shareholders. Subsidiaries include Phoenix Insurance, Excellence Investment House, Gama, and the agencies; Shekel, Agam Leaderim, and Oren Mizrach.

AFFILIATION

Account ID	Affiliation Type	Name	Parent Name	Status
		The Phoenix Holdings Ltd.
FA3B79F2-C2E0-E811-80F8-0050569A1018	Accelerator	Pix by Phoenix Insurance	The Phoenix Holdings Ltd.
	Investment Arm	Atara Technology Ventures (Phoenix Insurance)	The Phoenix Holdings Ltd.	Ceased
	Investment Arm	Phoenix Co-Invest	The Phoenix Holdings Ltd.
9FAD8C45-0E57-E711-80D7-00155D0B832C	Investment Arm	The Phoenix Investments and Finances Ltd.	The Phoenix Holdings Ltd.
	Subsidiary	The Phoenix Insurance Company Ltd.	The Phoenix Holdings Ltd.
	Subsidiary	Excellence Nessuah (Investment House)	The Phoenix Investments and Finances Ltd.
	Group	KSM Mutual Funds Ltd.	Excellence Nessuah (Investment House)

CONTACT INFO

Expand / Collapse All

Main Address: Givatayim, Israel

Address	53 Hashalom Rd. Phoenix House - Hadar (former Rose House) - 21st Fl
City	Givatayim
Country	Israel
Zip	5345433

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

	MANAGEMENT

Key Executive

Name	Title
Mr. Haggai Schreiber	CEO
Mr. Eli Schwartz	CFO
Mr. Menachem Neeman	Deputy CEO, Chief Legal Advisor
Mr. Orr Harush	VP, Chief of Staff
Mr. Hanan Vaknin	Head of Private Equity
Mr. Elad Pirak	Direct Investments Manager
Mr. Gal Marom	Private Equity Investment Manager
Mr. Guy Ziv	Direct Investments Analyst
Mr. Jonathan Kuzmanko	VP, Head of Business Development & Chief of Staff

	Acquisitions made by The Phoenix Investments

Acquired Company	Sector	Date	Amount	Remarks
abC Defghij	Biomed...	Oct. 28, 2020	abCDe	FIMI and institutional investors purchased 90% of the company from the Sackler family (73%), the Reshef family (3%) and the Levin family (14%) for NIS 630m. FIMI holds 78% of the shares, the institutional investors hold 12% and the Levin family holds 10%.

Preferences

Type of Financing	Equity,Investments in Funds
Stage Preferences	Initial Revenues,R&D,Revenue Growth,Seed

SECTOR SEGMENTATION (By Number Of Companies)

Enterprise Software & Infrastructure

46%

Network Infrastructure

12%

Hardware & Industrial

Medical Devices

Biomed

Consumer-Oriented Software

Energy

Digital Health

Agritech

	PORTFOLIO COMPANIES

Current Portfolio Companies (63)

Company Name

Sector

Round/Deal Type

Date Announced

Investor Amount

Total Deal Amount

Remarks

abra

Ent. SW

PIPE

29/07/2020

$2.9m

$8m

NIS 10m.

accessiBe

Network Infra.

First Round - Extended	26/07/2023	N/A	N/A
First Round - Extended	21/08/2022	N/A	$30m
First Round - Extended	10/02/2021	N/A	$16m

Air Doctor

Dig. Health

Second Round	01/10/2024	N/A	$20m
First Round - Extended	31/05/2022	N/A	$20m
First Round	30/03/2020	N/A	$7.8m

Apollo Power

Energy

PIPE	06/09/2022	N/A	$17m
PIPE	13/04/2021	N/A	$22.8m

Apply

CO SW

PIPE	18/10/2017	N/A	$0.85m
PIPE	09/09/2013	$1.8m	$4m

Aqua Security

Ent. SW

Fifth Round - Extended	06/12/2023	N/A	$60m
Fifth Round	10/03/2021	N/A	$135m

Arava Power

N/A

Third Round

22/06/2014

$15m

Also bought Siemens' holdings in the company.

Arena Mall Herzliya

N/A

Buyout

14/06/2016

N/A

Axilion

Ent. SW

PIPE

29/12/2020

N/A

$19m

Beit Sokolov Tel Aviv (Journalists' House)

N/A

Buyout

29/04/2015

N/A

Phoenix Insurance purchased 33% of Beit Sokolov from the Israeli Journalists Association, together with Reality fund (67%), for $44m (172 NIS). Additional $2m will be paid if building rights are expended.

BigPanda

Ent. SW

Fourth Round

12/01/2022

N/A

$190m

Bioenergy Infrastructure Group (BIG)

N/A

Straight Equity

06/10/2015

N/A

$300m

BioLight

N/A

PIPE

06/04/2014

N/A

Holds 11.9% of the company.

Bizi

Ent. SW

Seed

30/01/2022

N/A

$7.5m

Bluevine

Ent. SW

Fifth Round

19/11/2019

N/A

$102.5m

Brainsway

PIPE

11/12/2017

N/A

$8.5m

Bringg

Ent. SW

Fifth Round

16/06/2021

N/A

$100m

ChargeAfter

Ent. SW

Second Round

14/09/2021

$9.3m

$44m

CHEQ

Ent. SW

Third Round	22/02/2022	N/A	$150m
Second Round	01/11/2019	N/A	$26m

Classiq

Ent. SW

Third Round	12/05/2025	N/A	$110m
Second Round	17/02/2022	$6.5m	$33m

Coralogix

Ent. SW

Fifth Round	20/01/2024	N/A	$78m
Fourth Round	01/06/2022	N/A	$142m
Third Round	29/07/2021	N/A	$55m

Dario

Dig. Health

PIPE

31/07/2020

$5m

$28.6m

DustPhotonics

Network Infra.

Second Round - Extended	21/02/2024	N/A	$24m
Second Round - Extended	28/10/2021	N/A	$33m

Elbit Systems

Network Infra.

PIPE

09/04/2019

N/A

$186m

Energy Works

N/A

Straight Equity

30/11/2015

N/A

$300m

Equinom

Agri

Fourth Round	12/12/2022	N/A	$35m
Third Round	22/06/2021	N/A	$20m

Fiverr

CO SW

PIPE

08/10/2020

N/A

$460m

Gilat Satellite

Network Infra.

PIPE

24/03/2016

N/A

$35.5m

Gloat

Ent. SW

Fourth Round	28/06/2022	N/A	$90m
Third Round	16/06/2021	N/A	$57m
Second Round	17/12/2019	N/A	$25m

GoTo

Ent. SW

Second Round

01/03/2022

N/A

$18.2m

Guardz

Ent. SW

Second Round

09/06/2025

N/A

$56m

Hola

Ent. SW

Second Round

16/09/2015

N/A

$17m

Honeycomb Programs

Honeycomb offers digital insurance for condominium owners in the US. The company is a developer of an insurance technology platform, designed to provide real estate insurance services. Honeycomb's technology eliminates the need for on-site physical inspections to assess risk, utilizing instead aerial photography, computer vision, artificial intelligence and machine learning, enabling homeowner associations, property managers, developers and building owners to purchase and manage the various real estate insurance policies at one place.

Ent. SW

Second Round	07/05/2024	N/A	$36m
First Round	19/01/2022	N/A	$15.4m
Seed - Extended	22/06/2021	N/A	$3.3m

Indaptus Therapeutics

Biomed

PIPE	13/02/2013	$3.3m	$4m
PIPE	21/10/2010	N/A	$4m

Innoviz

HW & Indust.

PIPE

06/04/2021

N/A

$230m

K2View

Ent. SW

First Round

11/08/2020

N/A

$28m

Investment advised by Genesis Partners

Keystone Dental

Second Round

06/01/2019

N/A

$20m

MeMed

Biomed

Fourth Round	01/11/2021	N/A	$93m
Third Round	20/09/2018	N/A	$70m

Mixtiles

Daydream is a mobile app that allows users to turn their iPhone photos into decorative wall tiles. The company provides photo editing services in a variety of bespoke sizes that are easy to purchase and deliver and enables users to obtain attractive wall art at reasonable prices without hurting the walls.

CO SW

First Round

01/01/2020

N/A

$7m

Nano Dimension

HW & Indust.

PIPE - Extended

15/06/2017

N/A

$4.8m

Notch Insurance

Notch operates AI agents that fully automate work processes in companies that operate under heavy regulation, including insurance, investments, communications, healthcare and more. It provides an infrastructure layer through which a system can be built for external (facing customers) and internal use to the organizations. The company's platform supports dialogue with brokers, partners and policy holders, including handling service requests for policies, collecting documents and data, structured information capture for claims and underwriting submissions, and responding to inquiries that require system-level actions. Notch's autonomous platform operates across all channels, including phone calls, WhatsApp, text messages, emails and chatbots. In terms of the internal organization, the company's platform allows role holders to ask questions in natural language about long claim files, policies and other documents. It returns structured and traceable responses based on source data that include a quick summary of complex documents, along with additional relevant information from the company's data and external sources. In addition, Notch's system performs extensive automation of processes that include document and communication intake, structured data extraction for use by AI tools, classification and routing of claims and prioritization of urgent requests to the appropriate teams within the company.

Ent. SW

First Round	25/03/2026	N/A	$30m
Seed - Extended	30/09/2025	N/A	$7m

nSure.ai

Ent. SW

Second Round	10/07/2024	N/A	N/A
First Round - Extended	01/03/2022	$1m	$11.5m
First Round	25/02/2021	N/A	$6.8m

Odysight.AI

HW & Indust.

PIPE

17/03/2023

$4m

$14m

PaymenT

Ent. SW

PIPE

09/08/2022

N/A

$7.4m

Qira Group

Ent. SW

First Round

16/08/2021

N/A

$8m

Qnergy

Energy

First Round

03/06/2015

N/A

$20m

SaverOne

Network Infra.

PIPE

09/11/2020

N/A

$6.4m

SciSparc

Biomed

PIPE

25/11/2015

N/A

$0.85m

Seenity

Ent. SW

Seed

15/10/2020

$1.2m

Simplivia

Secondary Deal

25/10/2020

$23.5m

$47m

Purchased 16.5% of the company from FIMI.

Siyata Mobile

Network Infra.

PIPE

04/01/2021

N/A

$13m

Spiral Financial

Spiral is a provider of a banking solution for the charitable sector. The neobank combines banking and charitable organizations by launching a new ethical banking app that enables customers to support any charitable cause they care about while earning attractive rates and monthly cash bonuses on their deposits. Spiral will even match their donations, up to a limit. Nonprofits can use the app to share engaging content with supporters, increase donations and collect funds without fees.

CO SW

Second Round	01/09/2025	N/A	N/A
First Round - Extended	28/03/2023	N/A	$28m
First Round	31/03/2021	N/A	$14m

Taavura

N/A

Other

N/A

Taboola

Ent. SW

PIPE

30/06/2021

N/A

$285m

Tectona

Ent. SW

PIPE

11/03/2021

$2.5m

$10m

NIS 8.5m

Tikun Olam Cannbit

Cannbit is involved with the growth of medical cannabis, and intends to operate in the field of production, including the establishment of a plant and marketing of cannabis products for medical use.
Cannbit are building the best Cannabis company this side of the pond by creating a unique and visionary Cannabis Ecosystem.

A team of researchers from the Hebrew University have done research on molecules that have been found to be effective in cancer treatment. That is, in practice, this is not a drug produced from the cannabis plant, but a chemical molecule that simulates cannabinoid activity. This gave researchers initial indications in the lab that it may be effective in treating melanoma (skin cancer), and neuroblastoma and glioblastoma (types of brain cancer) - and lead to withdrawal.

Biomed

PIPE

06/01/2020

$2.9m

NIS 10m

TopGum

HW & Indust.

PIPE	21/01/2026	N/A	$18m
PIPE	24/07/2025	$6m	$30m	NIS 20m
Secondary Deal	31/10/2024	$6.2m	$12.4m	Purchased shares of the company from Founder Roi Lusternik and Hai Hayon for NIS 23m.

Vast

Ent. SW

Sixth Round	09/03/2026	N/A	$150m
Fifth Round	06/12/2023	N/A	$118m
Fourth Round	04/05/2021	N/A	$83m
Third Round	16/04/2020	N/A	$100m

VBI Vaccines

Biomed

PIPE

05/11/2017

N/A

$71.9m

VOOM Insurance

VOOM is a developer of aviation insurance platform, designed to assess flight risks and provide appropriate coverage. The company's platform provides real-time safety warnings, post-flight analysis and insights along with tailor-made drone insurance for commercial and individual uses, enabling drone and aviation operators to manage their flights safely and get insured at a reasonable price.

Ent. SW

Second Round

05/10/2021

N/A

$13m

Worthy

CO SW

Fourth Round	03/10/2023	N/A	$25.3m
Third Round	01/04/2019	N/A	$28.8m

Yotpo

Ent. SW

Sixth Round	28/02/2021	N/A	$120m
Fifth Round	25/02/2020	N/A	$75m

ZOOZ Power

Energy

PIPE

15/03/2022

N/A

$29.7m

Current VC Fund Portfolio (67)

Fund Name

Fund Type

Date Announced

Amount

Remarks

Almeda Ventures LP

Venture Capital Fund

27/10/2021

N/A

Arbel Fund I

Private Equity Fund

20/12/2017

N/A

Arbel Fund II

Private Equity Fund

31/10/2021

N/A

Arkin Bio Capital

Venture Capital Fund

27/10/2021

N/A

Arkin Bio Ventures I

Venture Capital Fund

14/06/2016

N/A

Holds 49% of the fund.

Arkin Bio Ventures...

Venture Capital Fund

03/03/2020

$40m

Arkin Bio Ventures...

Venture Capital Fund

01/06/2025

N/A

Beresheit Fund...

Private Equity Fund

01/01/2009

N/A

Coller Capital

Secondary Fund

N/A

June 2024, Feb 2025

FIMI III

Private Equity Fund

01/01/2005

N/A

FIMI V

Private Equity Fund

27/06/2012

N/A

FIMI VI

Private Equity Fund

03/02/2016

N/A

FIMI VII

Private Equity Fund

09/12/2020

N/A

Fortissimo II

Private Equity Fund

01/10/2008

N/A

Fortissimo III

Private Equity Fund

01/07/2012

N/A

Fortissimo V

Private Equity Fund

04/02/2020

N/A

Fortissimo VI

Private Equity Fund

01/12/2022

N/A

19.10.2023

Glilot Capital II

Venture Capital Fund

01/01/2015

N/A

Glilot Capital III

Venture Capital Fund

01/01/2019

N/A

Glilot Capital IV

Venture Capital Fund

01/03/2022

N/A

Glilot Capital V

Venture Capital Fund

10/07/2025

N/A

Glilot Plus I

Venture Capital Fund

12/01/2021

N/A

Glilot Plus II

Venture Capital Fund

01/10/2023

N/A

Greenfield Partners...

Venture Capital Fund

01/04/2021

N/A

Greenfield Partners...

Venture Capital Fund

15/06/2023

N/A

15.8.2023

Greenfield Partners...

Venture Capital Fund

01/12/2019

N/A

ICP I

Venture Capital Fund

01/09/2018

N/A

ICP II

Venture Capital Fund

01/07/2021

N/A

Klirmark...

Private Equity Fund

01/01/2009

N/A

Klirmark...

Private Equity Fund

18/12/2014

N/A

Magma II

Venture Capital Fund

01/01/2006

$3m

Magma III

Venture Capital Fund

01/05/2012

N/A

Magma IV

Venture Capital Fund

29/09/2014

N/A

Manof Origo

Private Equity Fund

01/01/2009

$45m

Maple Capital I

Venture Capital Fund

01/10/2022

N/A

Medica III

Venture Capital Fund

01/01/2005

N/A

MoreVC II

Venture Capital Fund

01/01/2011

N/A

Noy Fund

Private Equity Fund

01/05/2011

$30m

Noy Fund II

Private Equity Fund

01/01/2015

N/A

PICO Partners III

Venture Capital Fund

01/08/2020

N/A

Pontifax I

Venture Capital Fund

01/01/2004

N/A

Pontifax II

Venture Capital Fund

01/01/2007

N/A

Pontifax VI

Venture Capital Fund

11/08/2020

N/A

Rakiah Capital

Private Equity Fund

17/06/2021

N/A

Reality Fund II

Venture Lending Fund

01/01/2012

N/A

Reality Fund III

Private Equity Fund

01/04/2015

N/A

SKY II

Private Equity Fund

01/01/2011

N/A

SKY III

Private Equity Fund

04/01/2017

$10m

SKY IV

Private Equity Fund

12/01/2022

N/A

StageOne III

Venture Capital Fund

02/01/2018

N/A

StageOne IV

Venture Capital Fund

01/01/2022

N/A

StageOne V

Venture Capital Fund

12/03/2026

N/A

Team8 Capital II

Venture Capital Fund

01/06/2022

$50m

Team8 Capital III

Venture Capital Fund

12/08/2025

N/A

Tene I

Private Equity Fund

01/12/2004

N/A

Tene II

Private Equity Fund

01/07/2006

N/A

Tene III

Private Equity Fund

04/09/2013

N/A

Tene IV

Private Equity Fund

11/09/2017

N/A

vgames Fund

Venture Capital Fund

08/05/2024

$3m

NIS 11.2m

vgames Fund III

Venture Capital Fund

01/11/2024

N/A

27.2.2025

Vintage Fund of...

Fund of Funds

01/01/2005

N/A

Vintage Fund of...

Fund of Funds

01/01/2009

N/A

Vintage Growth Fund...

Venture Capital Fund

01/01/2012

N/A

Vintage Secondary...

Secondary Fund

01/01/2007

N/A

Viola Credit II

Venture Lending Fund

01/01/2005

N/A

Viola Credit III

Venture Lending Fund

01/01/2007

N/A

Viola Credit VI

Venture Lending Fund

01/10/2023

$21.8m

Exits (25)

Company Name	Exit Type	Date Announced	Amount	Remarks
abC Defghij	Acquired	30/03/2021	abCDe
abC Defghij	Acquired	05/06/2025	abCDe
abC Defghij	Acquired	27/07/2023	abCDe	Share swap deal
abC Defghij	Acquired	10/12/2024	abCDe
abC Defghij	Acquired	25/04/2018	abCDe	Pursuant to the acquisition, EVS merged with a wholly-owned subsidiary of Uster (Belinor). It has ceased to be a standalone public company and is now a direct wholly-owned subsidiary of Uster.
abC Defghij	IPO	13/06/2019	abCDe
abC Defghij	Acquired	16/01/2025	abCDe	Estimated amount.
abC Defghij	Acquired	13/02/2025	abCDe	Originally announced on 21/11/2024.
abC Defghij	IPO	06/04/2021	abCDe	SPAC deal, merged with Collective Growth Corporation (NASDAQ: CGRO).
abC Defghij	Acquired	18/12/2021	abCDe
abC Defghij (Incubator)	Holdings Sold		abCDe
abC Defghij	Acquired	24/02/2026	abCDe	In stock.
abC Defghij	Acquired	21/09/2018	abCDe	In cash. The acquisition is expected to close in 01/2019, subject to customary closing conditions including receipt of regulatory clearances and approval by Mazor's shareholders.
abC Defghij	Acquired	27/08/2019	abCDe
abC Defghij	Acquired	13/03/2019	abCDe	Comprised of $72m in cash & 11m shares of PowerFleet Inc., a newly-created holding company.
abC Defghij	Acquired	28/11/2022	abCDe
abC Defghij	IPO	22/07/2021	abCDe	SPAC deal
abC Defghij	Acquired	14/03/2024	abCDe
abC Defghij	IPO	28/07/2021	abCDe	Including $55.1 from the exercise in full by the underwriters of their option to purchase additional shares; In addition, Riskified Co-Founder and CTO Assaf Feldman sold shares for $4.2 million.
abC Defghij	Acquired	10/05/2022	abCDe	$90m in shares.
abC Defghij	IPO	12/03/2007	abCDe
abC Defghij	IPO	12/05/2021	abCDe	$165m worth of shares sold by the company. $11m worth of shares sold by CEO &Co-Founder, Or Offer.
abC Defghij	IPO	02/03/2026	abCDe	Raised NIS 200m. Valuation NIS 900m.
abC Defghij	Acquired	15/02/2024	abCDe	$10m upfront cash payment followed by $20m in options to purchase shares of common stock, a payment of $7.5m in common stock to the company's employees and approx. 1.3m shares and options intended for the board of directors (at $2 per share), set to pay out in four tranches at 9 months, 1 year, 18 months, and 2 years post deal closing.
abC Defghij	IPO	29/09/2021	abCDe	SPAC deal with PTK Acquisition Corp.

Historic Portfolio (13)

Company Name

Sector

Round/Deal Type

Date Announced

Investor Amount

Total Deal Amount

Remarks

Apax-Leumi

N/A

Investment in Fund

01/01/1994

N/A

ART PE

N/A

Investment in Fund

01/01/2006

N/A

Atara

Ceased to Operate

N/A

Other

01/01/2000

N/A

Avo

Ceased to Operate

Ent. SW

Second Round	29/09/2021	N/A	$45m
First Round	01/11/2020	N/A	$37m

Bambi Dynamic

Ceased to Operate

Ent. SW

First Round

13/08/2020

N/A

$6m

ECOshrimp

Ceased to Operate

Agri

First Round

15/09/2021

$6.4m

$10m

FIMI II

N/A

Investment in Fund

01/01/2002

N/A

$200m

FITE I

Ceased to Operate

N/A

Investment in Fund

01/01/2004

N/A

Fortissimo I

N/A

Investment in Fund

01/04/2004

N/A

$80m

Gryffin Ventures Fund

Ceased to Operate

N/A

Investment in Fund

01/10/2021

N/A

Markstone I

N/A

Investment in Fund

01/06/2004

$5m

$786m

SKY I

N/A

Investment in Fund

01/01/2005

N/A

$120m

Vertex III

N/A

Investment in Fund

01/01/2005

N/A

$174m

Last Updated:	abCDe
IVC Number:	abCDe