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ARGOQUEST COMPLETES US$40 MILLION FIRST ROUND FINANCING.
(Full text of a statement. Contact details below.)
LOS ANGELES, Feb. 28 /PRNewswire-AsiaNet/ -- Argoquest Holdings, LLC, a private U.S. Holding Company that is actively engaged in identifying, funding, and managing a network of over 60 Israeli-based technology companies, announced it has completed a US$40 million first round of financing. The principal investors in this round include Broadcom Corporation (Nasdaq: BRCM), HSBC Holdings plc, the international banking and financial services group, and Shamrock Holdings of California Inc.
Israel has emerged as a world leader in the global technology community and is referred to as the "Silicon Valley of the Middle East." Moreover, after the U.S. and Canada, Israel is responsible for the largest number of initial public offerings on Nasdaq. Since its founding in 1997, Argoquest's focus has been early-stage, Israeli start-up technology companies involved mainly in Internet infrastructure, enabling technologies, wireless and telecommunications.
"Argoquest has unique ties and connections with the Israeli technology community and enjoys superior access to this community," said Argoquest's President Jim Hamilton. "The funds raised from this financing, as well as ...
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Source: HighBeam Research, ARGOQUEST COMPLETES US$40 MILLION FIRST ROUND FINANCING.