Avner Netanyahu, the son of Prime Minister Benjamin Netanyahu, has joined the Umbrella Company as a senior affiliate. Umbrella Company is the brand new enterprise led by Dovi Frances, who heads the Group 11 enterprise capital fund, which offers with breakthrough applied sciences in protection and innovation, by means of strategic partnerships and enterprise capital, the fund says.
In an announcement on his LinkedIn web page, Avner Netanyahu writes, “I had an unbelievable time with Technique & Israel as an affiliate. Now it is time for a brand new chapter. Right now I’m excited to step into my new position as Senior Affiliate on the Umbrella Group at Group 11.” He says that the corporate will reshape the way forward for tech and provides, “Behind each breakthrough in tech lies a community. We’re that community. The capital. The catalyst. We’re The Umbrella Company.
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Cybersecurity entrepreneur and knowledgeable Idan Keynan can also be becoming a member of Umbrella Company. An announcement by Frances says, “Welcome Avner Netanyahu and Idan Keynan to the Group 11 household! We’re delighted you’re becoming a member of us for our essential mission.”
The fund raised $197 million in 2021
Frances’ newest transfer comes within the wake of latest information launched about Group 11’s fifth fund. In accordance with PitchBook as of Could, the fund, which raised $197 million in 2021, reported a present asset worth of $191.7 million, down 8.4% from the earlier report. The fund was raised throughout the top of the tech funding increase throughout the Covid pandemic, and, together with many different funds, was affected by market fluctuations after rate of interest hikes and declines in firm valuations after Could 2022. The fund’s investments embody Sunbit and Lily, together with different corporations reminiscent of Masterschool, Healthee, SMBX and Venn.
In accordance with the identical report, revenue from IPOs and acquisitions has been restricted, and bills of the fund’s administration firm have elevated previously yr. Now, The Umbrella Company, the enterprise that Avner Netanyahu and Idan Keinan are becoming a member of, is working in parallel with the actions of Group 11’s sixth fund, which was raised a yr after the fifth fund and continues to put money into startups. Sources near the fund stress that regardless of market volatility, the fund is performing properly. Among the many fund’s portfolio corporations are: Dream, owned by entrepreneur Shalev Hulio, which grew to become a unicorn earlier this yr, Subsequent, which was just lately bought, and Navan, which is anticipated to carry an IPO quickly.
Printed by Globes, Israel enterprise information – en.globes.co.il – on July 21, 2025.
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