Greylock Israel partners to set up own $200m fund

Greylock

It is quite possible that Greylock US itself is supporting the new venture capital fund.

The four partners in Greylock Partners Israel have finally split away from the global fund and in the coming weeks are expected to announce the name of their new $200 million venture capital fund. The partners - Arnon Dinur, Yoram Snir, Erez Ofer and Laurel Bowden, who manages Greylock's European office, will continue to invest in Israeli and European start-ups.

This is in effect a continuation of change at Greylock. At first, the partners managed an office of the US fund in Israel, although with the second fund operations in Israel became more independent, under the name Greylock Israel. Now the partners are embarking on a new venture. It is quite possible, however, that Greylock US itself is supporting the new fund. In this way, it would remain with its finger on the pulse of the Israel start-up scene.

Over the years, Greylock Israel has invested in start-ups such as mysupermarket, Payoneer, Wonga, CoolaData, and Via. Greylock has been one of the more active funds in high-tech in recent years and its investments have included Facebook, Instagram, Tumblr, Linked In, and Dropbox. Start-up investments with an Israeli connection include Eatwith, and Palo Alto Networks.

Greylock Israel declined to comment on the report.

Published by Globes [online], Israel business news - www.globes-online.com - on January 4, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

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