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dam Neumann's Flow is expanding its international real estate footprint with a significant investment in Canada Global, a subsidiary of Israel Canada. Flow, along with Andreessen Horowitz and Assaf Rappaport, founder of cloud security business Wiz, have invested $27 million into the company. This deal will give Flow shares worth 25% of Canada Global's equity on the Tel Aviv Stock Exchange, as well as an additional 4% stake from other shareholders, bringing their total to 29%. The investment will more than quintuple Canada Global's cash reserves and increase its valuation to around $91 million.

    Canada Global currently owns a few apartments in London but is eyeing multifamily deals worth at least $100 million in Miami. Under the agreement with Israel Canada, Canada Global won't operate in Israel or countries where its parent company has operations, including Canada. However, Flow's investment could bear fruit in Miami, where the two companies plan to develop and operate properties together, with Flow managing them and having a potential 50% stake in each development.

    This deal marks another international foray by Neumann, who recently partnered with local investors to develop three properties in Saudi Arabia through his company Flow. The properties are expected to result in over 900 housing units, with one already open.