Ex-Intel executive forms Israeli venture capital firm

Allot

12/05/2015 14:44

JERUSALEM, May 12 (Reuters) - Intel Corp's  INTC.O  former 
chief product officer has co-founded a venture capital company 
which aims to raise $300 million to invest in Israeli companies 
seeking listings. 
    Eucalyptus Growth Capital will invest in companies to help 
them grow their business, penetrate international markets and 
achieve initial public offerings, it said on Tuesday. 
    It also plans to seek board seats on the companies it 
invests in. 
    "There is a large funnel of Israeli companies with sales 
over $10 million that can grow to be billion dollar companies in 
sales and multi-billion dollars in value," said Dadi Perlmutter, 
co-founder and managing partner at Eucalyptus. 
    "But they need appropriate funding, long-term strategy and 
experienced guidance in order to achieve their full potential, 
rather than sell out at an early stage." 
    Perlmutter was chief product officer at Intel from 2009 to 
2013. Co-founders Rami Hadar was former chief executive at Allot 
Communications  ALLT.O   ALLT.TA  and Eldad Tamir was chief 
executive of the Tamir Fishman investment house. 
    Eucalyptus has also formed an advisory board of industry 
leaders including former Intel Chief Executive Paul Otellini and 
former president of AMD  AMD.O  Atiq Raza. 
     
 
 (Reporting by Steven Scheer) 
 ((steven.scheer@thomsonreuters.com; +972 2 632 2210; Reuters 
Messaging: steven.scheer.thomsonreuters.com@reuters.net)) 
 
Keywords: ISRAEL VENTURE/INVESTMENT