Tamar Technology Ventures manages $40 million and has invested in 22 companies to date.
Tamar Technology Ventures today announced that it planned to raise a new $100 million fund. Tamar Technology Ventures general partner Zohar Gilon told "Globes" yesterday, "We're in the initial preparation stages of raising a new fund. This will be the first time that we're raising money from institutional investors, and we're taking into account that the process will take between 12 and 18 months. We're ready to make our presentation and issue a prospectus to investors in another month."
Gilon said he wanted to raise the bulk of the new fund from US and European institutional investors. He said the previous investors in Tamar Technology Ventures, chiefly CE Unterberg Towbin and Tamar Technology Investors LP, would still be partners in the new fund.
Allot Communications chairman and CEO Yigal Jacoby, who also founded Armon Networks (sold to Bay Networks in 1996), will join Gilon in raising the new Tamar Technology Ventures fund. The two men have collaborated for years. Jacoby will stay on as Allot chairman.
Published by Globes [online] - www.globes.co.il - on February 2, 2004