Last updated on April 19, 2014 at 18:42 EDT

Glilot Capital Partners Announces Closing of $30 Million Fund

November 12, 2012

TEL AVIV, Israel, November 12, 2012 /PRNewswire/ –

Glilot Capital Partners, an Israeli-based fund focused on early-stage companies in the
security, Internet and mobile markets, today announced the successful closing of a $30
million fund. The capital was raised from leading institutional and private investors in
the United States, Europe and Israel. The Fund began operations in early 2011 after an
initial closing.

Glilot expects to invest its fund in approximately a dozen early-stage Israeli
startups. The fund was founded by Kobi Samboursky, Arik Kleinstein, Sallai Meridor, Aaron
Abramovitch and former US Deputy Secretary of Defense Gordon England. Samboursky and
Kleinstein, who serve as the fund’s managing partners, have vast entrepreneurial
experience in founding, managing and successfully exiting startups, prior to which they
both served as officers in the R&D unit of the IDF Intelligence Corps. Glilot is committed
to assisting its portfolio companies get to market quickly and achieve revenues and
profitability in a short time frame, according to Kleinstein.

“We are pleased to have met our higher fundraising target for Glilot’s first fund,”
said Samboursky. “We are now focused on recruiting the best early-stage companies in
Israel, as well as assisting our current portfolio companies to grow and achieve market
leadership. Our investment philosophy is to seek out brilliant entrepreneurs with
breakthrough technology, who are committed to finding the quickest time to market.” The
fund will only invest in companies to which it believes its partners can bring clear and
immediate added value, he added.

“In these days of global uncertainty, we’re very glad that we managed to fully raise
the amount we aimed to raise at the outset. We are excited to work with entrepreneurs that
demonstrate both a deep understanding of technology as well as strong business
capabilities. Over the past year, we’ve met hundreds of entrepreneurs and we have been
impressed with their professionalism and caliber,” said Kleinstein.

Glilot provides its portfolio companies with seed and early-stage capital, as well as
business support to accelerate their success. The partners chose to focus on the fields of
software, cyber-security and Internet, areas in which Israel has shown technological
leadership and business acumen. Israel is well-positioned to become a global leader in the
field of cyber-security, in particular, Samboursky added.

To date, Glilot has invested in three Israeli startups:

        - LightCyber, a developer of solutions to identify and prevent cyber-attacks
          and advanced persistent threats. For more information: http://lightcyber.com
        - Porticor, a developer of cloud security and encryption solutions. For more
          information: http://www.porticor.com
        - Insightera, a developer of real-time B2B marketing software and technology
          tools to optimize website performance. For more information:


About Glilot Capital Partners

Glilot Capital Partners offers seed and early stage investments as well as the
support, guidance and network of contacts of its experienced principals; accelerating the
success of promising Israeli startups in the areas of software, cyber and IT security,
Internet, and mobile applications. For more information, please visit
http://www.glilotcapital.com or visit Glilot on Facebook:


        For more information:
        Avital Eliyahu

SOURCE Glilot Capital Partners

Source: PR Newswire