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LarrainVial raises USD 124 million among investors for Olive Tree Ventures

Entrepreneur Alejandro Weinstein continues to advance in the growth plan of Olive Tree Ventures, the venture capital fund manager to which he has been giving life in Israel since the beginning of this year - with international partners. The focus is to invest in Israeli companies oriented to alternative investments in the high-tech industry, and in particular, oriented to digital health and artificial intelligence, among other areas.

This week, in fact, Olive Tree Ventures took two key steps in the goal of raising resources for these ventures. Under the administration and management of LarrainVial, on Thursday, the Olive Tree Ventures I Investment Fund was registered with the Financial Markets Commission (CMF). This fund is the local investment vehicle created and managed by the Chilean management firm so that investors can participate in those projects that Alejandro Weinstein - who lives abroad - is developing in Israel.

And on Friday, LarrainVial completed the first closing of said vehicle, raising capital commitments for USD 124 million, among investors from Chile and other Latin American countries.

Although there is a period of 18 months to raise an additional US$ 26 million - with a view to reaching a total of USD 150 million in this fund - local total closure may occur earlier, when the latter amount is reached.

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