James Packer Invests In Israeli Startup Inception

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James Packer Invests In Israeli Startup Inception

James Packer may have been keeping a low profile in Israel thanks to the corruption investigations surrounding his buddy, Israeli PM Benjamin Netanyahu, but he is obviously still an avid fan of the country's tech start-ups.

 

Packer was named as one of the investors in Inception, a Tel Aviv start-up that is making waves with its 3D and virtual reality (VR) content.

 

And given the year Packer has had, is it any wonder that he is getting interested in virtual reality.

 

Inception says it plans to use its "immersive technology to take audiences to the next level".

 

Just the thing Packer would need if he still had a Hollywood production studio, or, pop chanteuse fiancee.  

According to the press release, Packer was one of the funders who helped to tip $US15 million into its coffers this week alongside Inception board member and angel investor Gigi Levy-Weiss – who is a bit of a rock star in Israeli start-up circles.

 

There might be more Israeli action on the way for Packer who still lists an apartment in Hayarkon Street, Tel Aviv, as his address on ASIC documents for a lot of his companies – including his flagship groups, CPH Pty Ltd, and Crown Resorts.

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