Battery Ventures acquired an unknown minority stake in Direct Insurance - Financial Investments Ltd. from Zur Shamir Holdings Ltd..

Zur Shamir Holdings Ltd. is an Israel-based holding company engaged in finance, insurance and real estate. The Company's property interests extend into Israel, Belgium, England, Poland, Czech Republic, Russia and Canada. The Company operates directly or through its affiliated companies: Direct Insurance - Financial Investments Ltd., which offers general and life insurance; IDI, which provides software solutions products and financial services; Link4, which offers motor insurance products in Poland, and Adgar Investments & Development Ltd., which is engaged in real estate activities primarily in high-yield properties.