JERUSALEM (JTA) — A health tech and life sciences venture capital firm, aMoon, has become the country’s largest venture capital fund after raising $660 million in investments.
The fund, which closed Wednesday, also became one of the largest life sciences and health care funds outside of the United States.
Launched in April 2018, aMoon has invested in four Israeli companies and a fifth in Silicon Valley founded by an Israeli entrepreneur, the company said in a statement.
The fund aims to accelerate finding cures for life-threatening diseases and reducing major cost-drivers in health care by leveraging the growing convergence of health care and technology.
Israel has highly curated electronic medical records for 98 percent of the population dating back 20 years, making it among the most valuable data sets in the world. In addition, the Israeli government recently launched a national initiative that will invest $272 million in digital health projects over the next five years.
AMoon was founded and backed by Marius Nacht, co-founder and chairman of Check Point Software, and is managed by Dr. Yair Schindel, former CMO of both the Israeli Navy Seals and Israel’s National Digital Bureau.