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(From Israel Business Arena)
Byline: Ofer Levi and Gali Weinreb
Medica Venture Partners and Poalim Ventures will shortly complete a $120 million fund. Medica and Poalim Capital Markets - Investment Bank Ltd. today announced that Poalim Ventures would invest $20 million in the new fund, to be renamed Medica Poalim III Fund. Sources inform ''Globes'' that the fund has already made a preliminary closure, and made two investments in medical devices companies Remon Medical Technologies Inc. and GlobeImmune Inc..
With Poalim Ventures' investment, commitments for the Medica Poalim III Fund total $80 million, which will probably allow the fund to be closed …