Giza Venture Capital is seeking to raise about $50 million more to make new investments and support the current portfolio companies of the Giza V Fund, Globes reports. The firm launched the $100 million Giza V Fund in 2008.
The plan will operate through 2012 and Giza intends to cash in and increase the number of Israeli institutional investors in the fund. Additionally, Giza plans to raise a small amount of capital in the coming months and will not raise a new fund before 2013.
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