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Tel Aviv, Israel and Menlo Park, California. Tamir Fishman Ventures, a leading Israeli venture capital firm, announced today that it signed an agreement with Draper Fisher Jurvetson (“DFJ”), a top tier global venture capital firm, to jointly form DFJ Tamir Fishman Ventures to serve as DFJ’s exclusive partner in Israel. Tamir Fishman Ventures will re-brand as ‘DFJ Tamir Fishman Ventures’ and Jennifer Fonstad, a senior member of DFJ’s Silicon Valley based team, will join the DFJ Tamir Fishman Ventures' investment committee. DFJ Tamir Fishman Ventures is the newest addition to the DFJ Network of venture capital partnerships which stretches around the globe and manages close to $6 Billion of venture capital. Tim Draper, Managing Director of DFJ said, “we believe that DFJ Tamir Fishman adds a critical piece of the DFJ partner network. We also expect that their addition to our global network of partners will also benefit DFJ TF’s deal flow and access, with the goal of delivering better returns for their entrepreneurs and investors.” The DFJ Network provides enhanced access to deal flow, due diligence, powerful industry contacts, hundreds of technology-based portfolio companies, best-of-breed practices, co-investment partners and potential exit opportunities globally. With one e-mail, over 120 DFJ Network investment professionals can be reached worldwide in order to get “feet on the street” assessments of new companies and markets or to obtain an introduction to a potential customer, partner or acquirer. This knowledge would then be used to assist DFJ Tamir Fishman Ventures portfolio companies with their growth strategies. Eldad Tamir, Managing General Partner of DFJ Tamir Fishman Ventures and co-CEO of Tamir Fishman said: “We are delighted to partner with DFJ, one of the leading top-tier US VCs and first to expand outside its US home market. DFJ has the knowledge, experience and approach to make global venture partnerships a success, and to help take Israeli companies to the next level, as has recently been the case for companies like Skype and Baidu. We strongly believe that the partnership model as created by DFJ defines the next era of the venture capital industry as this market is evolving into an international business." Jennifer Fonstad, Managing Director of DFJ added: "We have a tremendous amount of respect for the DFJ Tamir Fishman team and believe that this partnership will become one of the most successful firms in Israel for helping Israeli entrepreneurs realize their dreams on a global stage.." Jennifer Fonstad will serve on DFJ Tamir Fishman’s investment committee. Over the last 16 years, DFJ has created a broad, collaborative network of venture capital partnerships. The DFJ Network is currently made up of more than 120 venture capital professionals, across 30 cities in the US, Asia, Europe and South America, with greater than 500 portfolio companies and close to $6 billion of capital under management. Recent DFJ Network successes include DivX, Skype, Mobile365, Baidu and EnerNOC. Over the course of the last 10 years, Tamir Fishman Ventures was involved in creating some of Israel's most exciting technology companies such as Chromatis, Radware, Modem art, Native Networks, Allot Communications and Voltaire. Tamir Fishman Ventures focuses on investing in Israeli early stage technology-intensive companies operating across the communications, information technology and life sciences segments. This partnership is a great fit for the two leading groups which have excelled in building great companies and providing superior returns to their investors. About Tamir Fishman Ventures - Tamir Fishman Ventures (www.tfventures.com) was established 10 years ago by Tamir Fishman and Co., and is a partnership with leading Israeli High Tech veterans . Tamir Fishman (www.tamfish.com) is one of Israel's leading and fastest growing full-service financial groups with over 160 employees and $5 billion under management. Throughout the last decade, Tamir Fishman Ventures has built a portfolio of over 30 companies, including Chromatis (acquired by Lucent), Radware (RDWR), Modem Art (acquired by Agere), Native Networks (acquired by Alcatel), Allot Communications (ALLT), Voltaire (VOLT), CopperGate, Expand Networks and MGVS. Tamir Fishman Ventures manages approximately $300 million in three funds, and is focusing on early stage investments across Communications, Information Technology, Life Sciences and Emerging Technologies. Members of the Tamir Fishman Ventures team (Eldad Tamir, Shai Saul, Mike Elias, Dr. Benny Zeevi and Moshe Levin) have been active as technology entrepreneurs and venture capital investors for over twenty years, teaming up with entrepreneurs, setting up, building and driving companies that lead significant global markets. Tamir Fishman Ventures is committed to serve and partner with Israel's most outstanding entrepreneurs. www.DFJTamirFishmanVentures.com. About Draper Fisher Jurvetson Draper Fisher Jurvetson is a leading venture capital firm with a global presence through a network of affiliated funds, with offices in more than 30 cities around the world and approximately six billion dollars in capital commitments. DFJ's mission is to identify, serve and provide capital for extraordinary entrepreneurs anywhere who are determined to change the world. Over the past twenty years, DFJ has been proud to back over 500 companies across many sectors including such industry changing catalysts as Hotmail (acquired by MSFT), Baidu (BIDU), Skype (acquired by EBAY), EnerNOC (ENOC), Athenahealth (ATHN), Focus Media (FMCN), Mobile 365 (acquired by Sybase), xFire (acquired by Viacom), United Online (UNTD), Overture (acquired by YHOO), Interwoven (IWOV), Four11 (acquired by YHOO), and Parametric (PMTC). For more information, please visit http://www.dfj.com/
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