West Perth-based advisory firm Otsana Capital has established an office in Israel to work closer with startups in the region seeking a presence on the ASX.
Several Israeli tech firms and medical cannabis companies have listed on the ASX during the past two years via reverse takeovers of Perth-based companies, many of which were focused on the resources sector.
Otsana was involved with a number of the backdoor listings, the most recent being graphene quantum dots developer Dotz Nano, which is acquiring one-time mining company Northern Iron.
Otsana has partnered with Eran Gilboa, founding partner of Israel-based Gilboa Advisers, who will manage Otsana capital Israel as the subsidiary focuses on the growing need of innovative startups in the region to gain access to capital that might not be available otherwise, and raise their public profile.
“We see a great need and a lot of potential in Israel for providing our brand of services,” Otsana managing director Faldi Ismail said.
“The variety and sheer multitude of exciting and ground-breaking startups in Israel is unmatched.
“Eran and his team bring a deep understanding of the complete listing process and together with our team of in-house experts, we bring an unmatched depth and breadth of services to the advanced and high calibre companies in Israel ready to enter the listed capital markets.”
