Magma Venture Partners, an Israeli early stage technology-focused venture capital fund, closed its latest fund at $150m.
Led by Yahal Zilka, Modi Rosen, Shraga Katz, Zvi Limon, Shahar Tzafrir, Ran Achituv and Adi Yarel-Toledano. Magma Venture Capital IV will continue the firm’s strategy and will focus on investing across areas of information, communication technology including Mobile, Cloud, New media, SaaS, e-commerce, UGC (User Generated Content) and Cyber Security.
The fund will invest exclusively in Israeli entrepreneurs, primarily in Israeli based technology teams, in their earlier stages of development. It plans to invest in seed and series A financing rounds, in approximately 25-30 opportunities with typical investments of US$ 0.5 – 6.0m.
Founded in 1999, Magma Venture Partners has invested in Waze, acquired by Google (NASDAQ: GOOG); Onavo acquired by Facebook (NASDAQ: FB); Provigent, acquired by Broadcom (NASDAQ: BRCM); Wintegra, acquired by PMC-Sierra (NASDAQ: PMCS); and DesignArt, acquired by Qualcomm (NASDAQ: QCOM). Additional investments include Hola, Valens, Magisto, TabTale, Appsflyer and CorePhotonics, among others.