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New $160m Israel-Europe tech fund
Posted By Viva Sarah Press On May 29, 2011 @ 9:43 am In | No Comments
Venture capital house Greylock Israel Partners has closed a $160 million fund, Greylock Israel II, from which it will continue to invest in exceptional enterprise and consumer technology companies at all stages of development in Israel and Europe.
“Greylock Israel is pleased to have gained the renewed support of some of the industry’s elite investors,” said Henry McCance, chairman emeritus of Greylock. “The Greylock Israel team is part of the Greylock global network, leveraging over forty years of investment heritage and experience to the benefit of talented, passionate entrepreneurs.”
The fund is managed by five Greylock general partners, Moshe Mor, Erez Ofer, Yoram Snir, Laurel Bowden and Arnon Dinur. Bowden is operating from the recently opened office in London.
“We are delighted to continue supporting Greylock Israel with their second fund,” said Andrew Golden, president of the Princeton University Investment Company. “Greylock Israel has established itself as a leading firm in its markets with an excellent reputation as value-add investors.”
Greylock Israel has completed over 20 investments in its first fund, launched in 2006. More than half of these investments were Seed investments. Greylock Israel will continue its Seed Program in Fund II.
One of the world’s oldest venture capital companies, Greylock is best known for its stakes in Facebook, Groupon, LinkedIn, Wonga, Zend and ZipCar.
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