Whitesmoke is expanding its investments in the company. The company announced today the conclusion of additional investment agreements, by way of a private allotment, in the amount of NIS 30 million, joining the investment in the amount of NIS 20 million. The total investment amounts to NIS 50 million, with the current investment being made at a price of NIS 3.35 per share.
Whitesmoke’s new business focuses on the blockchain business. As part of this activity, Yariv Gilat, final founder and veteran of the field of algo trading in Israel, will be appointed active chairman of the company’s board of directors and will lead the company’s entry into the new field of operations, including nostro and algo trading investments, venture capital investments in blockchain technologies and asset management. Digital.
The leadership of the new activity, and the addition of Yariv Gilat, was initiated by Eli Zamir and Kfir Zilberman’s Pure Capital Company.
The fundraising is expected to help the company begin its new operations, with some of the fundraising money being used to invest in digital assets. The company will open accounts on stock exchanges of digital assets and banks in Israel, which are leaders in the new field of activity.