Connect with us

Hi, what are you looking for?

Jewish Business News

VC, Investments

Israeli Venture Capital Firm Magma Raises $150 Million for Startup Fund

magmavc logo

The Israeli Venture Capital firm Magma announced that it raised $150 million for a start-up fund that will provide seed money for early-stage technology companies based in Israel, WSJ reports. Magma was an investor in navigation app Waze which was sold to Google in 2013 for over $1 billion. It also invested in Onavo Mobile, bought by Facebook for $120 million. Onavo does all of Facebook’s Israel-based research and development.

This is welcome news for Israeli start-ups, as activity in the country by venture capital firms has declined so far this decade. Magma plans to invest in 25-30 projects or companies with amounts ranging from $500, 000 to $6 million.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.