Media company and broadcaster Sky has provided $4m of capital for Remagine Ventures, an Israel-based venture capital fund recently formed to invest in entertainment, data and commerce technology developers.
Reimagine was founded by Eze Vidra, a founding member of GV (then known as Google Ventures)’s European office, and Kevin Baxpehler, who headed media group ProSiebenSat1.Media’s Israel office, a post in which he oversaw investments in several startups.
Sky made the investment alongside the opening of an office in Berlin, Germany, from which it will expand its corporate venturing activity in mainland Europe. It began investing out of a UK base in 2012 before launching a Silicon Valley office two years later.
Emma Lloyd, Sky’s director of business development and partnerships, said: “Six years on from our first investment, we are expanding our startup activity across Europe and Israel.
“Spending time in both Berlin and Tel Aviv has left us hugely impressed with the energy, dynamism and talent of both tech scenes. This is an exciting new chapter for us and we cannot wait to get started and uncover new, innovative startups across the regions and beyond.”