“The unicorn Lusha, in which we invested when it first started out, has been taken from us fraudulently.” That is what investment firm Plus Ventures, headed by veteran entrepreneur Yossi Moldawsky, and private investor Oren Abekasis, are claiming in an extraordinary lawsuit filed with the Tel Aviv District Court.
Moldawsky and Abekasis claim that they invested in the previous reincarnation of Lusha, when the company was named Neta Eisenstein Management (2008). According to the lawsuit. Plus held a 32.9% stake in the company, while Abekasis held an additional 3.1%. Lusha raised $205 million in Series B funding at a $1.5 billion valuation last November. Moldawsky and Abekasis are suing the entrepreneurs behind Lusha, Assaf Eisenstein, his wife Einat Shnitzer Eisenstein and CEO and co-founder Yoni Tserruya, as well as the company Lusha Systems Inc.
According to the lawsuit which was filed with the Tel Aviv District Court by Barnea Jaffa Lande Law offices, the founders of Lusha stole the company from its investors. The lawsuit claims that Plus Ventures, headed by Moldawsky and CEO Duby Lachovitz, was among the early investors in Neta Eisenstein Management (2008), which is claimed was the “original corporate infrastructure used for the development and management of the joint venture at the center of the proceedings.”
According to the plaintiffs, the venture was moved to a different corporate framework in 2016. They claim that Neta Eisenstein Management was liquidated based on “...
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