Walden Israel has canceled fundraising for its fourth fund, which leaves the future of one of Israel's oldest venture firms in doubt. The firm had been looking to raise $125 million, but Israeli news site Globes said that it was only able to secure $35 million in commitments. It is unclear if Walden will restart the process later, or if it plans to wind down. peHUB has sent a message requesting comment, but has not yet heard back.
Walden Israel's third fund closed on $90 million in late 2001. www.walden.co.il