European Investment Fund financed Israeli spyware company Paragon

euobserver.com

cross-posted to:
[email protected]

European Investment Fund financed Israeli spyware company Paragon

euobserver.com

solo@piefed.social to

Europe@lemmy.dbzer0.comEnglish · 1 month ago

cross-posted to:
[email protected]

The European Investment Fund backed Israeli spyware firm Paragon Solutions in 2020 through a local venture fund, according to a new investigation by Belgian investigative site Apache. Founded a year earlier by former Israeli PM Ehud Barak and an Israeli ex-intelligence chief, Paragon’s spyware has been used against activists in multiple countries, including Italy.

The European Investment Fund (EIF) provided venture capital for Israeli spyware firm Paragon Solutions, confirmed a spokesperson for the European Investment Bank Group, to which the EIF belongs.

Paragon Solutions was co-founded in 2019 by former Israeli prime minister Ehud Barak and Ehud Schneorson, commander of Unit 8200, an Israeli military intelligence unit, between 2013 and 2017.

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