Sunday, January 31, 2016

Singapore’s Temasek backs Israel $150m VC fund

Temasek Holdings, a Singapore government investment company, is in the final stretch of raising a $150 million fund to invest in mature Israeli high-tech company.

The new fund, called Red Dot, which is nicknamed for the tony city state, plans to invest between $10 million and $15 million in each company in its portfolio.

Yoram Oren, who was behind the Vertex Ventures fund formed in 1997 with Singaporean capital, will be chairman of the new fund. It will act as a sister investor to Vertex, which will continue to invest in younger startups.

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