Vertex Venture Capital is raising its third fund Vertex III Fund. The fund has already started investing and recently secured a commitment from Siemens Venture Capital. Other investors include major Asian, Israeli, American and European strategic and financial partners.
Yoram Oron, founder and managing partner of Vertex Venture Capital and chairman of the Israel Venture Association (IVA), says: “We are pleased to welcome Siemens to our network of international leading investors. Vertex has many strategic partners, especially in Asia. Siemens is a major European and global player and we believe that there is significant synergy among our two organizations and we intend to leverage it.”
Vertex Venture Capital is headquartered in Tel Aviv and has partners in Europe, the US, Singapore and Japan. The new fund will continue to invest in Israeli and Israel-related high technology companies in the early stages of development in the areas of information networking, communications and subsystems, components, imaging, enterprise software, and other leading emerging technologies. Vertex raised $160m in 2000 for its Vertex Israel II Fund.