from the October 2014 issue

Magma Venture Partners raises $150m Fund IV

The fund plans to invest exclusively with Israeli entrepreneurs.

Israeli venture capital firm Magma Venture Partners, which focuses on early-stage technology and has $500 million under management, has announced the completion of fundraising for Magma Venture Capital IV with $150 million in new committed capital. Magma says that the fund received strong interest and was oversubscribed within weeks of announcement. This fund comes on the heels of a third fund raised in early 2012.

Fund IV will continue Magma's strategy and investment focus of investing across areas of information, communication technology including Mobile, Cloud, New media, SaaS, e-commerce, UGC (User Generated Content) and Cyber Security. The fund plans to invest exclusively with Israeli entrepreneurs, primarily in Israeli based technology teams, in their earlier stages of development.

The new fund continues the predecessor fund's focus and activities and is expected to begin investing in early 2015 after Magma III reaches investment capacity. The fund expects to invest in seed and series A financing rounds, in approximately 25-30 opportunities with typical investments of $0.5 6.0 million.

Magma Venture Partners was founded in 1999. book (NASDAQ: FB); Provigent, acquired by Broadcom (NASDAQ: BRCM); Wintegra, acquired by PMC-Sierra (NASDAQ: PMCS); and DesignArt, acquired by Qualcomm (NASDAQ: QCOM). Other notable investments by Magma are in Hola, Valens, Magisto, TabTale, Appsflyer and CorePhotonics

Reprinted from the Israel High-Tech & Investment Report October 2014

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