Temasek Holdings Closes $150M Growth Fund For Israeli Tech Startups

February 8, 2016 | Singapore’s sovereign wealth fund Temasek Holdings has closed a $150-million fund that will invest in mature Israeli high-tech companies. Called the Red Dot fund, the new fund will invest invest between $10 million and $15 million in each company in its portfolio. According to Temasek, this fund will differ from their wholly owned investment arm, Vertex Venture Holdings, which was set up in 1997 and developed partnership with Israel’s Yozma initiative. However, Yoram Oron, General Parter of Vertex Venture Capital, will be chairman of the new Red Dot vehicle. While at Vertex, Oron oversaw the sale of Morecom to Liberate for $561 million, the sale of Tradeum to VerticalNet for $478 million, and the sale of Vision Tech to Broadcom for $250 million. Currently, Oron sits on the boards of Vertex portfolio companies Correlsense, CyberArk, and Heptagon. Other partners in the fund will be Tzvika Nagan, a former executive at Bank Hapoalim in charge of information systems, and Yaniv Stern, a former McKinsey & Company consultant.