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The Venture Codex

Spinach Angels

7 Dubnov St., 6473207, Tel Aviv, 6473207, Israel

Overview

Spinach is a group of angel investors focused on Israeli ​Pre-Seed tech ​investments. Spinach was established in 2014 with the goal of supporting and financing innovative Israeli companies with early-stage funding. Spinach is not a classic VC or fund. It’s a pool of experienced angel investors, with collective net worth of over $2bn, who decided to act together and provide financial and managerial support to entrepreneurs in the earliest stages of realizing their dreams and building their companies. We believe in super-simple deals, and move extremely fast so that the founders can focus on developing their products and businesses. We see ourselves as the founders’ ‘friends-and-family’ initial support.

Total investments
2
Lead investments
0
Investments · 12mo
0
Active investors
1
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Investment portfolio

  • Lightico

    Participated · Equity · Nov 2020

    Lightico offers a SaaS digital customer interaction platform that transforms business-to-customer connections by enabling agents to collect documents, eSignatures, payments, and verify IDs in real time from cell phones. Led by co-founder and CEO Zviki Ben Ishay and based in London, the company serves hundreds of enterprise customers, primarily mid to large enterprises. The platform is used to accelerate sales cycles and improve customer service by completing transactions and verifications instantly via mobile devices. In November 2020 Lightico raised $12.6M in a funding round that increased its total capital raised to $27M. The company intends to use the funds to accelerate adoption of its platform and grow its customer base among mid to large enterprises. Lightico is a NYC- and Tel Aviv-based provider of a platform for digital customer interactions. Its product enables businesses to instantly collect eForms, eSignatures, documents, photos, eConsent, payments and verify ID from customers' mobile devices for simple, secure and app-free interactions. Today the company serves more than 250 financial institutions, telcos and insurance companies. Led by co-founder and CEO Zviki Ben-Ishay, Lightico secured $14.5m in funding. The company intends to use the funds to accelerate product development and expand its global presence. No other financial details or valuation information were disclosed in the article.

Team

  • Avi Shechter

    Managing General Partner and Co-Founder

    LinkedIn