Yoni Cheifetez, formerly at Israeli venture capital firm Star Ventures, has taken on the role of partner at Lightspeed Venture Partners.
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While Lightspeed is headquartered in California, Cheifetez will be based in Herzliya, Israel, and will focus on early-stage investment opportunities in Israel in the internet and media, communications, software and semiconductors sectors.
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Lightspeed’s previous investments in Israeli technology businesses include Galileo Technology, Optier, ScaleMP and Skybox Security.
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Earlier this month, Lightspeed hired Ron Cao, previously managing director of KLM Capital and marketing executive at Intel, as a partner based in Shanghai focused on technology investments in China. Lightspeed has made three investments in the country to date.
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Lightspeed has $1.3 billion (€1 billion) of capital under management, having recently closed its Lightspeed VII fund on $475 million, more than its original target of $400 million.