Israeli Funds Raising Money

I’m working a piece about the Israeli venture capital scene, and just came across a new service by the IVC Research Centre, a unit of the Israel Venture Association; it’s a scorecard that tracks which funds are raising capital, how much they’re trying to raise, how they’re progressing in their objectives, and so on.

It’s a free service that can be found here, within the IVC’s site. In the meantime, below are the funds that have recently had a first close:

Central Arava Fund is investing primarily in Israeli high-tech companies that are developing new products and services in the field of agriculture and other related fields, like water and energy. It’s raising a $48 million fund; it had a first closing of $8 million in the first quarter.

Cedar III, a venture fund looking for early stage, Israel-related, high technology companies in communications, networking, enterprise software and Internet infrastructure. It’s raising $125 million; it had a first closing of $100 million in the first quarter.

Gemini V, the fifth fund of Gemini Israel Funds, it focuses on seed and early-stage telecommunications, data communications, fabless semiconductors, Internet infrastructure and enterprise software startups. It’s looking to raise $225 million; it had a first close of $140 million in the first quarter.

Goldrock Israeli Growth LP is focusing on late-stage growth companies — eight of them, to be specific. It aims to exit the companies by way of M&A or IPO within 24 to 36 months of investment. It is raising $40 million; it had a first close on half of that in the first quarter.