Arieli Capital Announces Southern Starlight Initiative to Support Southern Israeli Startups with 5 million NIS allocation

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Oct 30, 2023, 12:00 ET

TEL AVIV, Israel and NEW YORK, Oct. 30, 2023 /PRNewswire/ -- Arieli Capital, LLC (Arieli), a multifaceted investment firm with active centers across the US, Europe, and Israel, announced the creation of its Southern Starlight initiative, with the goal of investing 5 million NIS into startups that have been impacted by the horrific events that took place on October 7th, 2023. Arieli, an active investor in the next generation of technology companies, and a recognized global leader in innovation, is deeply committed to supporting the wellbeing and success of Israeli startups.

Recognizing the sudden challenges faced by startups in Israel's south, Southern Starlight funding will extend to companies whose founders hail from the southern region, reflecting our continuing commitment to fortifying Israel's economy.

Arieli's involvement in Israel's south is long-established as it previously created the Frontier AgroTech Innovation Center in collaboration with the Ramat Negev Regional Council. The Frontier center, at the forefront of desert agriculture expertise in Israel, has conducted substantial research and also offers participation in comprehensive scale-up programs for business development and investment opportunities, all while fostering a fertile ground for innovative technological in the south.

Eric Bentov, Managing Partner at Arieli Capital, said "To alleviate the challenges posed by recent events, and their profound impact on the health and prosperity of Israel's southern residents, we could not be more honored for Arieli to play its part in supporting those in need with financial assistance and additional resources."

Together, we can illuminate the path forward, ensuring a brighter future for all. Early-stage startups, particularly those from the southern regions that have been affected by recent events, are invited to explore the opportunity now offered by the Southern Starlight initiative. Early stage companies with innovative ideas and a determination to overcome obstacles are encouraged to complete the application form by clicking here.

About Arieli Capital:

Arieli Capital is a multifaceted investment firm that is focused on being an active investor in the next generation of technology companies. Arieli Capital continuously strives to identify and support companies creating real impact, while keeping financial returns as the primary objective. As a recognized global leader in innovation, the firm nurtures deep governmental, academic, and corporate relationships, and partnerships.

ARIELI Forward-Looking Statements

This release contains forward-looking information about Arieli's efforts to support start-ups effected by the events that took place in Israel on October 7th, 2023, that involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Accordingly, certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "may," "should," "would," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential," "seem," "seek," "continue," "future," "will," "expect," "outlook" or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Arieli's business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the uncertainties inherent in research and development, including uncertainties regarding the results of screening and/or the ability to meet potential start-ups, commencement and/or completion of due diligence, as well as the possibility of unfavorable data, changes in the business environment in which Arieli operates, including the impact of any recessionary economic trends and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which we operate and the industries in which our subsidiaries and/or clients operate; our ability to sustain or achieve revenue growth or profitability and manage our cost of revenue; the loss of one or more members of our management team; our ability to attract and retain qualified employees and key personnel; challenges of managing growth profitably; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth; the impact of environmental, social and governance (ESG) matters; actions in response to any lingering impacts of the COVID-19 pandemic and its economic, operational and financial impacts on our business; Arieli's financial condition; risks associated with global operations; our ability to prevent unauthorized access to our information technology systems and other cybersecurity threats, protect the confidential information of our employees and clients and comply with privacy regulations; our ability to maintain an effective system of internal control over financial reporting; our ability to maintain, protect and enhance our brand and intellectual property; changes in laws and regulations, including changes in tax laws or unfavorable outcomes of tax positions we take, or a failure by us to establish adequate tax reserves; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; catastrophic events that disrupt our business or that of our subsidiaries. The information contained in this release is as of October 25, 2023. Arieli assumes no obligation to update forward-looking statements contained in this release as the result of new information or future events or developments.

SOURCE Arieli Capital