Sources inform ''Globes'' that Greylock Partners has raised $200 million for its second Israel fund. The firm closed the funding in full only a few months after launching the fundraising, and without announcing an initial closing.
Greylock was unavailable for comment.
Israeli venture capital funds usually take 12-18 months to close funding for a new fund, as they make the rounds among potential investors around the world just to secure the first closing.
Greylock is one of the world's oldest venture capital funds, and has been operating in Israel since 2001. Greylock partner Moshe Mor handles Israeli investments. In 2006, he teamed up with former EMC executive Erez Ofer and former Cisco Systems executive Yoram Snir to raise a $150 million fund for investments in Israel. Greylock Israel raised a $50 million annex to the fund in 2008.
Greylock Israel has not yet had any large exits, and it suffered a massive write off on modu. Greylock Israel has invested in 20 companies, including Aeroscout Ltd., Celeno Ltd., Payoneer Ltd., and Zend Technologies Ltd. - mature companies each with tens of millions of dollars in annual turnover.
Other investments include Camero Tech Ltd., PlyMedia Ltd., Red Bend Software Ltd., WebCollage Ltd., WeBook Ltd., and Telit Communications plc (AIM:TCM)
Published by Globes [online], Israel business news - www.globes-online.com - on May 26, 2011
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