Well known US VC house Greylock Partners is launching a brand new $160 million fund aimed at internet technology companies, with the fund being deployed between Europe and Israel. Greylock is best known for its stakes in Facebook, Groupon and LinkedIn and European investments including Wonga. Greylock’s move will be a shot in the arm for European tech companies looking for more options when raising financing.
We’ve confirmed that the fund will be represented in London by Laurel Bowden, a Partner, and will cover investments from early stage and beyond.
[Correction: The fund was raised by Greylock Partners' affiliate fund, Greylock Israel Partners. The fund is managed by five Greylock general partners, Moshe Mor, Erez Ofer, Yoram Snir, Laurel Bowden and Arnon Dinur. Laurel Bowden is operating from the recently opened office in London. Greylock Partners began operating in Israel in 2002, when Moshe Mor started investing there and launched Greylock Israel with its first fund in 2006].
In the US Greylock invests in seed stage companies through its Greylock Discovery Fund, early stage companies through Greylock XIII and late stage companies through Greylock Growth. But this new fund will specifically target Europe and Israel.
Read more: Techcrunch
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