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ISRAEL |
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Success story |
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Kreos Capital plays a leading role in supporting venture-backed business in Israel |
'With a full-time partner presence in Israel since 1999, Kreos Capital is a large venture debt provider in Israel and Europe, dedicated to helping leading entrepreneurs in innovative, venture-backed firms build their
companies into global leaders. Israel enjoys an excellent reputation as a technologically advanced economy that has made it a prime destination for foreign investments by many leading multinational firms and many foreign venture capital firms.
The country rapidly emerged as a production centre for high-tech products, especially software. Committed to supporting Israel’s technological boom, Kreos Capital provides technology start-ups with debt financing and growth capital from inception to stock market launch with debt financing and growth capital generally ranging from EUR 750 000 to over EUR 16 million.
Focused on the value creation of its portfolio companies, Kreos Capital takes a venture capital view on each financing situation, offering quick decisions, but without requiring board seats, complex due diligence, share revaluation, substantial equity dilution, deposits or personal guarantees. As a European venture debt provider that has a history of working in several relevant geographies and with the top tier venture capital funds in the country, Kreos Capital can offer both local support and an extensive network of contacts in Israel. Kreos Capital has full faith in the soundness of the Israeli IT sector. This is why, more than ever, we believe that investing in innovation is the best way to prepare for the world after the financial crisis.'
Raoul Stein
General Partner, Kreos Capital
To download the booklet "Entrepreneurs’ success stories" Part 1 / To download the booklet "Entrepreneurs’ success stories" Part 2 |
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Tel Aviv - Grenoble: global high tech alliance |
The alliance between the two enterprises is firstly strategic, since it is based on a partnership. The objective being to use the developments made by GalayOr together with the encapsulating and production expertise of Memscap. The two companies intend to provide the market, and more especially the telecommunications market, with a new generation of highly sophisticated optical products such as a closed-loop digital variable integrated optical attenuator (« DVOA »).
The acquisition of GalayOr in the autumn of 2003 has provided optimal scope for the partnership. Memscap, with a Stock Exchange listing since 2001, offers the GalayOr directors the opportunity of purchasing shares in the new mother company. The R & D centre is to remain in Tel Aviv, whereas the sales and distribution network and production is split between the different Memscap sites in France, the United States and Egypt. « The acquisition of GalayOr reinforces our technological advantage» stresses Jean-Michel Karam, The Chairman and Managing Director of Memscap. « We share the same vision and the same values. Together, we shall provide the world market with the best optical products using MEMS technology», declares Uri Geiger, Chairman and Managing Director of GalayOr, who has become Chairman of the group’s optical division.boundaries.
Memscap (165 staff), is a specialist of the MEMS (Micro Electro Mechanical System). It is a microscopic system (up to 50 times smaller than the diameter of a hair) which links mechanical, optical, electromagnetic and thermal elements. This technology is developed on a semi-conductor, giving it new functionalities at a very competitive cost.
GalayOr, based in Tel Aviv, is a supplier of optical systems built on a single chip made entirely of silicon. The company, which employs 16 people, created in 2000, is the fruit of the selfplacement process (four years research at the University of Tel Aviv) and was financed by venture capitalists.
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