LONDON Gemini Israel Funds Ltd. has raised $200 million to invest as seed capital and in early-stage start-up companies, the company said Monday (Aug. 30).
Like its predecessor funds, Gemini IV LP is slated to focus primarily on investment in information technology, specifically in the areas of enterprise software, communications and semiconductors. Past recipients of Gemini money include non-volatile memory licensor Saifun Semiconductor Ltd. and Verisity Inc., an EDA company.
Gemini said that the latest fund has attracted investment from more global institutions than any previous Gemini fund. In addition, Paul Gompers, Professor of Business Administration at the Harvard University Business School would join an advisory board for the Gemini IV LP fund.
"We are especially pleased with the varied make-up of Gemini's fourth fund investor base, particularly the interest from European investors, some of whom have never invested in Israel before," said Yossi Sela, managing partner of Gemini, in a statement. "We feel the awakening of European interest in Israel is a trend that will positively impact the entire Israeli venture capital industry."
Gemini expects to begin making investments from the new fund in September