Fresh Profile: Adi’s FO seeks to invest in life sciences in Israel

Why this is important: Family office seeks life-science startups in Israel

Adi Family Office, which invests the wealth of Adil Adi, founder of Worldlink, is seeking life-science startup opportunities in Israel, where it’s found a fertile investment environment.

For a host of reasons Israel has been compelled to develop technologies around life sciences, cybersecurity and agriculture, Adi said.

“We have been actively engaged in getting to know entrepreneurs, incubators and universities who are working on these cutting-edge technologies,” Adi said.

The family office invests in them and looks for co-investment opportunities with other FOs.

Adi invests in life-science startups that are driven by technology and engineering, including one for new drug-delivery systems.

Adi and his wife, Zenobia, formed the family office in 2012. In the early days, the FO invested in bonds, stocks, real estate, oil and gas, and PE managers. Later, the family office added hedge funds and venture capital to its portfolio.

The family office has invested in about eight life science startups. It typically invests $100,000 in “science project kinds of ventures” and $1 million in seed capital, Adi said.

Adi co-invests with large venture funds including New Enterprise Associates, Lightspeed Venture Partners, Khosla Ventures and Andreessen Horowitz.

Adi’s ideal partner would be a passive investor that has $10 million to invest and does not want to get into the hassles that come with co-investments.

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