News from the Wire

Team8 hires fintech expert Alon Huri as managing partner

Wednesday, May 22, 2024 — 11:32:52 (EDT)

Tel Aviv, Israel, May 21, 2024 - Team8 announces the appointment of Alon Huri, Co-founder of the insurtech unicorn NEXT Insurance, as a Managing Partner. Huri will play a key role in building and investing in companies under Team8's unique Venture Creation model.

The appointment of Huri, who brings vast experience and expertise as a successful fintech entrepreneur, is a valuable asset for Team8 and its portfolio companies. Huri will join Rakefet Russak-Aminoach and other partners in Team8’s fintech space, where he will drive ideation initiatives and build new fintech startups. He will also develop growth and online marketing strategies for Team8’s portfolio companies, integrating AI-based technologies that add significant value to Team8’s venture creation methodology.

Alon Huri is a serial entrepreneur and a startup investor, who started his career in tech in 1998. In 2007 he was part of the founding team at Check, a mobile app that automated and consolidated bill pay processes for end users, all in one place. Check was acquired by global fintech giant Intuit for $360 million in 2014, and then went on to become Intuit's first research and development center in Israel.

In 2016 Huri Co-founded NEXT Insurance, a leading digital insurer transforming small business insurance. To date, NEXT has raised a total of $1.1 billion, with the latest funding coming from a strategic investment by Allstate and Allianz X in November 2023. Huri was responsible for NEXT Insurance’s growth activities and for developing its business intelligence (BI) capabilities. He currently serves as an advisor to the company.

Alon Huri, Managing Partner at Team8: “As someone who has first-hand experience with the challenges entrepreneurs face, I understand the great value that Team8 offers to founders, especially during these challenging times. I aim to focus on identifying and validating big problems and meaningful business opportunities, while using proven methodologies to improve the success rate of the companies we build. The talent in Israel holds extraordinary potential for building stellar companies, and I see this also as a mission that contributes to the resilience of our economy.”

Rakefet Russak-Aminoach, Managing Partner at Team8: “We welcome Alon to the team, and are confident that he will bring great value to our entrepreneurs and portfolio companies, while helping Team8 explore new opportunities in fintech. Over the years, prominent entrepreneurs and unicorn founders from companies such as Team8’s Claroty in cyber, Sisense in data, eToro in fintech, and others, have joined Team8 to build the next generation of tech companies in Israel. Alon is a serial entrepreneur with an exceptional background. His knowledge and experience will enhance the team's company-building model, from the ideation and validation stages of new startups, to supporting the growth of portfolio companies.”

Team8 leads a unique model of company building (Venture Creation), alongside a traditional model of investing in companies (Venture Capital) in Cyber, AI, Data, Digital Health, and Fintech. Recently, it announced the raising of three funds totaling $500 million, bringing its total assets under management to over one billion dollars.

Maggie Holman.

Account Executive

m: 862.579.5551

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Source: Company press release.