Canaan Partners Raises Money to Invest in Israeli Technology
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Venture capital investor Canaan Partners is raising a $60 million fund to invest in early-stage Israeli technology companies, said general partner Izhar Shay.
“The Israeli market represents a unique opportunity,” Shay said in an interview in Tel Aviv, noting that there have been 800 exits of Israeli startup companies for a total of $45 billion over the past 10 years. “This is a healthy environment and we wanted to do more than we are doing today.”