Silicon Valley venture capital firm Vantage Point Venture Partners has
closed its office has curtailed its investment effort in Israel, after making two investments over the two years it has been there.
It has let some staff members go, however we don’t know how many. We’ve contacted Vantage Point for comment.
[Update: We’ve heard back from Vantage Point, and they confirmed that they’ve curtailed efforts there, for example, ending a relationship with investor David Ram. However, they never officially opened an office there; they’d worked instead with another firm, Formula Ventures. One of Formula’s professionals, Nir Linchevski, will continue to work on existing Vantage Point investments there (Magink and Bright Source Energy, formerly Luz II), and potentially, new ones.
David Ram, an associate working with Linchevski as part of Vantage Point’s evaluation of whether to open an office there, is no longer helping with investments for Vantage Point.]
(Original story posted 1/16)
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