European Investment Fund financed Israeli spyware company Paragon

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.