TLDR:
Greylock and Sequoia, two major American venture capital firms, have opened offices in Israel, appointing local representatives Mor Chen and Dean Meyer, respectively. Greylock, known for its investments in companies like Facebook and Airbnb, will now be investing directly from its global fund in Israeli startups. Sequoia, with a history of investing in Israel, has appointed a representative after operating through a dedicated fund in the past. Additionally, US venture capital firm Primary is also looking to set up operations in Israel.
Summary:
Two major American venture capital firms, Greylock and Sequoia, have returned to Israel to invest in startups, filling the void left by other firms that have reduced their investments in the country. Greylock, with past investments in tech giants like Facebook and Airbnb, has appointed Mor Chen as its local representative. This marks a shift from its previous Israel operations, as it will now invest directly from its global fund, with recent investments in Israeli cybersecurity companies. Sequoia, which had a dedicated fund in Israel in the past, has appointed Dean Meyer as its representative to continue investing directly in Israeli startups. Additionally, US firm Primary is also looking to establish operations in Israel and is seeking a local manager. This move by Greylock, Sequoia, and potentially Primary, signals renewed interest and confidence in the Israeli startup ecosystem.
