Kreos Capital (formerly European Venture Partners) closed its $260 million third fund. The firm manages $600 million, and invests a third of its capital in Israeli technology companies. Kreos general partner Raoul Stein, who is responsible for activity in Israel, said that the fund would invest $360 million in Israel over the next three years.
Merrill Lynch led the investment in the Kreos III fund, and was joined by a dozen international investment institutions, including Deutsche Bank and the European Investment Fund. Kreos offers a unique financing package of up to $26 million through venture capital loans (secured loans) to start-ups in Europe and Israel.