UK - 3i invests in Israeli technology fund

As a global VC, 3i typically invests around $300m annually in early and late stage technology companies across the world’s innovation hotbeds. Today Israel represents one of the world’s primary VC markets raising $1.34bn in venture capital in 2005.

Jo Taylor, global head of 3i venture capital explained, 'The combined promise of Israeli companies and a general upswing in the health of global technology market makes this a good time for 3i to invest in the region. Today, emerging technology companies need to internationalise at an earlier stage in their development and 3i’s investment in this leading Israeli fund allows us to deploy our international expertise and contacts to add value to Israeli companies.'

He added '3i is a natural partner for ambitious Israeli start-ups which are moving rapidly onto a global stage. We look forward to gaining access to exciting Israeli opportunities, for example, in areas like cleantech, security and semiconductors which fit 3i’s global profile well.'

Patrick Sheehan and Ali Erfan, 3i partners, will manage 3i’s venture interests in Israel.

Giza has been established in Israel since 1992, managing funds valued at over $500m. Its sector focus matches 3i’s VC investing strategy with a shared specialism in communications, software, electronics, semiconductors, advanced technology and healthcare. In addition to 3i’s investment in the Giza fund, the partnership will create co-investment opportunities for 3i in the region.

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