Entrée’s Assets Hit $1 Billion After New Funding for Israel Tech

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Venture capital firm Entrée Capital reached $1 billion in assets after raising fresh funds to bankroll Israeli technology companies, following one of the busiest years of investing in the country’s booming industry.

Entrée attracted $300 million in capital across two funds and will channel it primarily into startups in areas like financial technology, digital infrastructure, and cryptocurrencies and blockchain, according to a company statement on Tuesday. The firm has offices in Tel Aviv, London and New York.