This is the second Israeli tech-focused blank-check company or SPAC sponsored by an affiliate of ION Asset Management of Israel. (Incorporated in the Cayman Islands)

From the prospectus: We intend to focus on the rapidly growing universe of Israeli companies and entrepreneurs that apply technology and innovation to everyday lives. 

Our sponsor is an affiliate of ION Asset Management, an Israel-based investment management group established in 2006. ION Asset Management’s investment teams have significant expertise, knowledge and experience managing equity funds focused on global and Israeli-related technology companies. ION Asset Management and its affiliates currently manage assets and support ventures collectively worth over $2.0 billion, including managed accounts, hedge funds, private equity portfolios and special purpose acquisition companies.

Gilad Shany, our CEO, has also served as the chief executive officer of ION Acquisition Corp. (NYSE: IACA), our first blank-check company or SPAC, since August 2020. In 2018, Mr. Shany co-founded ION Crossover Partners, an Israeli-based crossover fund, where he currently serves as the managing partner. He previously was a general partner of Magma Venture Partners, and before joining Magma, he was a vice president of Baron Capital. At Baron Capital, he gained over 10 years of experience investing in innovative growth companies in public and private markets, . He led investments with various international companies, including Tesla Inc. (NASDAQ: TSLA), Mobileye N.V. (NYSE: MBLY) (acquired by Intel Corp. (NASDAQ: INTC) $15.3BN), Mellanox Technologies (acquired by Nvidia $6.9BN), Varonis Systems Inc. (NASDAQ: VRNS), Fiverr (NYSE: FVRR), BlueVine Capital Inc. and Monday.com Ltd, among others. Prior to that, Mr. Shany spent 14 years with the Israel Air Force and served as head of aerial defense in the Israel Air Force from 2007 to 2008. Mr. Shany holds a B.S. in physics, astronomy and philosophy from Tel Aviv University in Israel and an MBA from the Wharton School at the University of Pennsylvania in Philadelphia, Pennsylvania.

(Note: ION Acquisition Corp. 2 Ltd. priced its SPAC IPO on Feb. 10, 2021, in line with the terms in its prospectus: 22 million units at $10 each to raise $220 million.)