Magnum Venture Capital Changes Name to Magma Venture Partners
TEL AVIV, Israel--Magnum Venture Capital Fund, which specializes in Early Stage investments in Israeli related communications and semiconductor companies announces the changing of its name as of today to "Magma Venture Partners." The company is also changing its logo scheme to reflect its new name and continued vision.
"The name change to Magma Venture Partners comes as a result of other funds possessing the Magnum brand and is in line with the closing of the General Partner's second fund - Magma II" said Yahal Zilka, Co-Founder and Managing Partner. We believe that Israel will continue to be a leading center for the development of communications and semiconductor technology in the coming years, and as the leading investment fund focused in this field, we plan to continue invest in outstanding, innovative companies. The communications and semiconductor field, in its broad sense, represents fifty to sixty percent of technological investments in Israel and we see continued innovation within these industries. Magma Venture Partners, by means of its four partners, has extensive experience in the communication industry as well as venture capital investment and is proud of its ability to nurture ideas from early-stage concepts to well-developed companies, each leading in its domain. Modi Rosen, co-founder and Managing Partner of Magma, added insight on the Fund's unique strategy; "We are distinguished by our close relationships with managers and leaders in the global communication industry as well as our technical and strategic expertise in identifying emerging trends in the world of communication and semiconductors. All of these aspects and more help us create successful synergy with entrepreneurs and build the foundations for successful companies, from concept through exit."
About Magma Venture Partners:
Magma Venture Partners is a venture capital fund specializing in Early Stage investments in the Israeli related communications and semiconductor industry, the largest sector within technological investments in Israel. Magma invests in fields such as: wireless networking, network infrastructure, communication technology semiconductors, security and data storage, and software applications. Magma Venture Partners currently manages US$180 Million in two funds, Magma I and II. Magma I was established in 1999 and raised 75 million dollars and Magma II was established in 2006 with US$ 105 Million. The Fund's four partners include: Yahal Zilka, Modi Rosen, Shraga Katz, and Eitan Dekel. Some of the Magma's leading portfolio companies include: Wintegra, Extricom, Provigent, Phonetic Systems (acquired by Nuance; NASDAQ: NUAN) Trivnet, Outsmart, Crescendo Networks, and ConnectOne. Following its establishment in 2006, Magma II invested in Siverge Networks and DesignArt Networks.
For more information please visit our website: www.magmavc.com
Contacts
Magma Venture Partners
Tali Krushevski, +972-3-696-7285 (Media)
Tali@magmavc.com
"The name change to Magma Venture Partners comes as a result of other funds possessing the Magnum brand and is in line with the closing of the General Partner's second fund - Magma II" said Yahal Zilka, Co-Founder and Managing Partner. We believe that Israel will continue to be a leading center for the development of communications and semiconductor technology in the coming years, and as the leading investment fund focused in this field, we plan to continue invest in outstanding, innovative companies. The communications and semiconductor field, in its broad sense, represents fifty to sixty percent of technological investments in Israel and we see continued innovation within these industries. Magma Venture Partners, by means of its four partners, has extensive experience in the communication industry as well as venture capital investment and is proud of its ability to nurture ideas from early-stage concepts to well-developed companies, each leading in its domain. Modi Rosen, co-founder and Managing Partner of Magma, added insight on the Fund's unique strategy; "We are distinguished by our close relationships with managers and leaders in the global communication industry as well as our technical and strategic expertise in identifying emerging trends in the world of communication and semiconductors. All of these aspects and more help us create successful synergy with entrepreneurs and build the foundations for successful companies, from concept through exit."
About Magma Venture Partners:
Magma Venture Partners is a venture capital fund specializing in Early Stage investments in the Israeli related communications and semiconductor industry, the largest sector within technological investments in Israel. Magma invests in fields such as: wireless networking, network infrastructure, communication technology semiconductors, security and data storage, and software applications. Magma Venture Partners currently manages US$180 Million in two funds, Magma I and II. Magma I was established in 1999 and raised 75 million dollars and Magma II was established in 2006 with US$ 105 Million. The Fund's four partners include: Yahal Zilka, Modi Rosen, Shraga Katz, and Eitan Dekel. Some of the Magma's leading portfolio companies include: Wintegra, Extricom, Provigent, Phonetic Systems (acquired by Nuance; NASDAQ: NUAN) Trivnet, Outsmart, Crescendo Networks, and ConnectOne. Following its establishment in 2006, Magma II invested in Siverge Networks and DesignArt Networks.
For more information please visit our website: www.magmavc.com
Contacts
Magma Venture Partners
Tali Krushevski, +972-3-696-7285 (Media)
Tali@magmavc.com
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