Medica Venture Partners raising $120m third fund.

(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 …