Cybersecurity
Global VC Firm Accel Hires Facebook Exec to Expand Into Israel
- Fund brings on Nir Blumberger to focus on Israeli startups
- Most international funds don’t put down roots in Israel
Tel Aviv
Photographer: Jack Guez/AFP via Getty ImagesThis article is for subscribers only.
Israeli-born Nir Blumberger will leave his executive post at Facebook Inc. to join Accel as a venture partner and open an office in Tel Aviv to focus on an ecosystem the global venture capital firm said is flourishing with bold ideas and mature entrepreneurs.
Accel Partners has previously backed Facebook, Dropbox Inc., Spotify Ltd. and Slack Technologies Inc., among others. Blumberger, previously a corporate development executive at Facebook responsible for global mergers and acquisitions and strategy, said he will be looking for bold and diverse ideas that can be scaled into “world-class companies.”