Photographer: Jack Guez/AFP via Getty Images

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

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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.