Will it work?
In the official press release, Erel Margalit, Managing Partner and Founder of JVP, said:
“JVP IV and its Annex Fund are able to create and develop companies with tens to hundreds of millions of dollars in revenues focusing on companies targeting the Media, Internet and end user markets. The Israeli Hi Tech industry has been unique in its ability to define new horizons and areas of activity, which could bring about major changes in the Web and media industries, drawing international and local investors to invest in these challenging times.”
Siano Mobile Silicon and Qlik Technologies were already identified as potential benefactors of the JVP Annex IV fund, for their prospects for growth and early signs of success.
2 Cents
If the IPO market recovers, the Annex Fund could serve as a life support oxygen pump, but JVP’s LPs will surely want to warrant that no good money is thrown after bad.
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