It’s not very often that two Israeli venture funds complete closing for additional funds, but after all it shouldn’t surprise anyone. Israel has been ranked among the four most preferred global target markets for US venture capital funds and earmarked for high-quality deal flow, according to a global survey by accounting and consultancy firm Deloitte Brightman Almagor and the Israel Venture Association.
Two funds reported closings today:
‘Globes’ reports that Yossi Sela, a managing partner at Gemini confirmed the report.
“Gemini has indeed made the first closing and is continuing to raise capital for its fifth fund. Gemini will continue its stable strategy and mainly investment in early-stage companies.”
Gemini and Giza are not alone. Pitango Venture Capital recently raised $300 million for its fifth fund a few months ago.
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