The American PE & VC firm, Insight Partners, is ready to acquire the fifth fund of Gemini Israel Ventures, one of Israel’s most senior venture firms, for approximately $500M, according to Calcalist.
Gemini Israel Ventures has raised five funds so far, the last one raised $150M in 2008. Back in 2014, the company announced it would focus on maintaining its existing portfolio rather than raising new funds.
Gemini V’s portfolio includes:
- Code management startup, Jfrog Ltd., last valued at $1.5bn
- Website usability firm, WalkMe Inc.
- Tel Aviv -based team management startup Monday.com Labs valued at around $3bn
- Moovit App Global Ltd., a public transportation trip-planning app that was acquired by Intel for $1bn last month.