In news that will generate further interest in the European and Israeli startups sector and economy at large, a Luxemburg-based investment firm raised millions of dollars to invest in the Israeli and European economies. The Mangrove V set up by Mangrove Capital Partners raised up to $170 million to invest in the extraordinary and novel technologies emerging from these economies. While the investment fund seems relatively smaller compared to the sums raised by other investment firms for the same purpose, Mangrove Capital Partners’ management believes that it has a great potential of realizing higher returns. Mangrove Capital Partners is the latest investment company to have trained its eyes for the emerging startup markets in Israel and Europe. Others such as Index Ventures, EQT Ventures and Atomico Ventures had earlier laid down markers with a combined investment fund of over $3 billion.
The latest investment forays in the startups in Israel and Europe portend greater economic gains for the startup sector in the target markets and their economies at large. The forays have the potential of improving economic growth and job creation in the economies. It is also an indication of the fast growth of Israeli’s startup sector, which has already seen many startups acquired by big corporations in deals worth billions of dollars. Mobileye recently set the pace in the sector when it was acquired in a deal worth a mouth-watering $15 billion by Intel. It will motivate local innovators to develop revolutionary ideologies that will hit the magical and coveted $1 billion mark in acquisition fees. For Mangrove Capital Partners investors, the recent successes with startups acquisition in Israel should ease their mind when it comes to getting a return on their investments. The company’s investments in two startups in one of the world’s fastest growing hi-tech economy saw the company realize over a hundred fold return on investment.
According to a Washington report posted on Thursday, America is vastly showing an exceptional economic growth following several investment schemes. In regards to this, the American senators ignored issues that were raised by the chairwoman of the Federal Reserve, Janet Yellen. Instead of addressing economic issues, most questions were channeled towards regulatory concerns. This was a meeting dubbed the banking committee of senates. According to most Republicans, Yellen was consulted to allow the elimination of some stringent rules imposed on most financial institutions. This was after the financial crisis that was marked in 2008. Most Democrats on the panel pushed her to state the importance of affirming the regulations.
Yellen is prominent for her instrumental role in rebuilding most regulations. In the meeting, she stated that she was proud of her input to the systems. Yellen said that since the financial crisis in America, she had done outstanding work in support of the financial system. This was in order to create a resilient as well as reliable financial structure for citizens. Yellen told the committee that there are rollbacks that may contribute to the setbacks that the Trump administration has proposed.
To clear the air on economic regulations, Yellen was careful to state that some rules are too strict for operations. She also highlighted her willingness to call for changes. According to Yellen, she supports the regulation of banking institutions in community banks. This is a renowned idea for most citizens. Yellen hardly commented on monetary policies. According to the benchmark raised by the Federal department, the people will enjoy reduced bonds this year. In her opinion, the economy is in stellar health, and no kind of interference will contribute to its interference anytime soon. According to Yellen, the Federal department is keen on the progress of the economy. Yellen is hopeful that the regulations will not interfere with the progress of the economy.