Dr. Kalish added, "There are some interesting things going on in Israeli technology. The number of private companies with revenue of more than $10 million has exploded, and we see more in the pipeline. Yet, there is still pressure for such firms to exit too early. This Fund will help successful companies bridge that gap and get to a point where they can realize their full value."
A number of investors in the prior fund have committed to this Fund. In addition, Jerusalem Global will be marketing the Fund to major financial institutions, fund of funds, university endowments, and pension funds.
About Jerusalem Global Ventures
Jerusalem Global began in 1994 and was soon recognized as the leading technology investment bank in Israel. It produced an IRR to investors of 84%, and underwrote some of the largest offerings in Israel, including Galileo and Creo. The prior fund, mentioned above, was begun in 1999 and also had some notable exits, including Mellanox and Kashya.
Drs. Kalish and Linde, the senior investment professionals, have been together over nine years. Rounding out the investment team are Ranan Grobman, who has been with the Firm for five years, and Shlomo Caine, former Managing Director of Intel Capital (Israel), who has joined as a Venture Partner. Robbie Citron is the CFO, and Paul Lowenstein has joined the firm as Director of Investor Relations.
Dr. Shlomo Kalish or Paul Lowenstein, through http://www.jgv.com, or at +972-2-649-0750.
|SOURCE Jerusalem Global Ventures Ltd.|
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