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Adam Neumann is dipping his toes in another international real estate venture. Neumann’s Flow, Andreessen Horowitz — a backer of Flow — and Israeli cloud security business founder Assaf Rappaport invested a combined $27 million into Canada Global, Calcalist reported. The real estate company is the international arm of the investment group Israel Canada, and is managed by Asaf Touchmair and Barak Rosen.
As part of the cash infusion, Flow and Andreessen Horowitz will receive shares on the Tel Aviv Stock Exchange worth 25 percent of Canada Global’s equity post-allocation. Flow will also purchase 4 percent from other shareholders and close the deal holding 29 percent of Canada Global.