The early stage venture capital firm will invest in cybersecurity, enterprise software, mobile and e-commerce, and healthcare.
Silicon Valley-based U.S. Venture Partners (USVP), an early-stage venture capital firm, today announced the closing of USVP XI, a $300 million fund. The new fund will invest as a lead Series A investor in Israeli and US startups in cybersecurity, enterprise software, consumer mobile and e-commerce, and healthcare.
USVP general partner Rick Lewis said, “The firm’s highly-selective Israel strategy has generated a 7X return on invested capital since our first investment in Israel. USVP also is uniquely positioned to capitalize on the emerging IT-enabled healthcare services sector, with proven software and healthcare expertise integrated into a single firm and fund.
Over the years, USVP's Israeli investments have included Check Point Software Technologies Ltd. (Nasdaq: CHKP), Imperva Inc. (NYSE: ), and Mellanox Technologies Ltd. (Nasdaq:MLNX) and more recently Cato Networks.
Published by Globes [online], Israel business news - www.globes-online.com - on December 15, 2015
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