Israel has caught the eye of billionaire hedge fund investor Dan Loeb with the Third Point boss opening a new office in Tel Aviva to target investment opportunities in the country’s booming technology sector, according to a report by Reuters.
The new office is the first international location for the $14 billion New York-based firm and will act as a second hub to its Silicon Valley office in Menlo Park with a focus on data infrastructure, cybersecurity and enterprise software investments. It will be headed up by Sapir Harosh, who joined TPV from Israeli firm Pitango earlier this year.
Third Point Ventures (TPV), which is run by Loeb and Robert Schwartz and offers early-stage capital and hands-on help to prepare for a public stock listing, has made six investments in Israel since 2015, including cybersecurity company SentinelOne and AI transcription and captioning company Verbit.
