Co-founded by Moshe Hogeg and Kenges Rakishev, Genesis is still raising money for its first fund, with the total in play currently close to $100 million. Among those contributing to the fund are merchant bank Forbes & Manhattan, as well as private individuals who are well-known in the space of angel investments specifically around areas like hardware and new technology. The first three investments that are being made out of the new fund will be coming out shortly. Typical investments will be in the range of $200,000 and $2 million.
Read more on TechCrunch and the Genesis Angels website.