Benchmark hires Web guru in Israel

Michael Eisenberg has joined early stage tech investor Benchmark Capital as a general partner in the Israel office.

Menlo Park-based early stage tech investor Benchmark Capital has hired Internet and software veteran Michael Eisenberg as a general partner.

Eisenberg will be based in the firm’s Israel office and will help Benchmark invest its $250 million second Israeli fund, which closed at the beginning of May. Benchmark Israel II focuses on software, Internet, applications, and communications companies.

In a statement, Benchmark general partner Arad Naveh said Eisenberg’s hire is part of the firm’s efforts “to dedicate additional resources for addressing Internet opportunities in Israel”.

Prior to joining Benchmark, Eisenberg served as a partner at Israel Seed Partners for eight years. During his time there, he served on the boards and played a central role in the development of such companies as Shopping.com, which was acquired by eBay, PictureVision, acquired by Kodak, and publicly listed Gurunet

Eisenberg is also number one on the Forbes Israel Midas List, which ranks high-tech investors and entrepreneurs who at least twice been able to make money from an investment in a private technology company that was floated or sold in 2004 for at least $50 million.

Benchmark Capital, founded in 1995, currently manages more than $3 billion in committed capital, and is best known for its early backing of Internet auction supersite eBay. The firm’s first Israel fund was raised in March 2001 to the tune of $240 million.