Israeli investment group Prytek has raised $ 107 million, Calcalist has learned. The chairman of the group is Yair Seroussi, former chairman of Bank Hapoalim and current chairman of ZIM Integrated Shipping Services and Enlight Renewable Energy. The entire amount was raised from global investment management firm Davidson Kempner, which manages $ 37 billion in assets. A representative from Davidson Kempner will join Prytek’s board of directors and its investment committee. Prytek is directed by Andrey Yashunsky and Arnon Shiboleth.
Prytek does not operate as a standard venture capital fund, but rather as a corporate investment group that combines very long-term investments in service companies, with shorter-term investments in startups. Service companies use solutions developed by startups in Prytek’s portfolio, providing them with an experience of working with clients, while giving service companies a competitive advantage. Prytek has invested in around 30 companies to date.
Prytek plans to use the new capital to grow its business in the banking and fintech sectors, as well as to support its current investments. One of the best-known companies in Prytek’s portfolio is fintech startup TipRanks, of which it is the largest shareholder. TipRanks completed a $ 77 million funding round earlier this year.
Prytek also invested in ThriveDX (formerly HackerU), which developed a platform for cybersecurity and IT training, and acquired Cybint for $ 50 million last August. Additional investments include: PayMe, Scanovate, OpenLegacy, HopOn and Ezbob.