Twelve Angels Investors Club Helps Chareidi Startups

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A group of twelve initial investors dubbed the Twelve Angels Investors Club, which invests in chareidi startups, has collected $300,000 to invest in eight out of 450 chareidi startups that applied for assistance. In an earlier venture, the Kama-Tech company which is behind the Twelve Angels Club helped 8 out of 224 applicants raise $6.5 million for startups which now employ a total of seventy workers.

Moshe Friedman, CEO of Kama-Tech, said that existence of the club “testified to high tech executives in Israel’s great desire to help the process and their confidence in the development of chareidi startups.”

David Steger – Matzav.com Israel

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