Leta Capital appoints Alexander Zemlyak Israel head

 Leta Capital appoints Alexander Zemlyak Israel head

Leta Capital, a tech-focused venture capital firm that backs early-stage companies, has appointed Alexander Zemlyak as its principle and head of Israel.

Zemlyak has had an eight-year run in the VC industry. Before joining Leta Capital, he was with Israel-based RDSeed and Magical Capital. He previously worked with London-based investment company Goldacre Ventures and corporate-backed accelerator Founders Factory.

“Alexander Zemlyak will, from now on, lead all Leta’s activities in Israel,” said Leta Capital’s General Partner, Alex Chachava. “Israel’s startups remain within Leta Capital’s core investment strategy. During the last decade, we have already supported 10 Israel-based companies like 365Scores, Weezmo, and Gaviti, and plan to expand this number.”

At Leta Capital, Zemlyak will take calls on partnerships, deals sourcing, and portfolio support.

He participated in closing investment deals with Novakid, Buddy.ai, Gaviti, Affise, and Simbi, among others and is on the board of Israeli company Qmarkets.

Leta Capital manages $400 million in assets and invests out of a vehicle registered in the Cayman Islands. The VC firm focuses on software companies. According to the strategy of its Fund III, the VC is looking to invest 60% in B2B software startups, 30% in B2C software, and 10% in innovations beyond the horizon.

The third fund, which typically invests between $500,000 to $5 million, focuses on IT solutions for several sectors that develop solutions based on deep research and development.

The VC firm has backed startups such as BrightBox (bought by Zurich Insurance Group), Unomy (taken over by WeWork), Weezmo (acquired by Nayax), and inDrive (valued at $1.23 billion).

Aman Malik

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