PC giant Lenovo commits to Vertex Venture Capital fund


Lenovo Group, the world’s second largest seller of PCs, is the latest company to look to Israel for investment opportunities by committing cash to Vertex Venture Capital’s new fund.

Vertex, which was founded in 1997, has amassed management assets of $600m mainly focused on high tech companies in areas such as broadband communications, digital media and enterprise IT.

Lenovo senior vice president George He said the investment was designed to strengthen the company’s already prominent position in the Israeli market, where it is the number one provider of commercial laptop PCs and second largest PC seller overall.

New research from the IVC Research Centre released today suggests Israeli venture funds were back to capital raising in 2011 after a couple of difficult years.

Just $256m was raised across all Israeli venture funds in 2009, and zero in 2010, according to the data, but funding was back up to $796m last year.

The news comes days after reports Motorola Solutions’ investment arm would be resuming operations in Israel after a two-year break.

Exits involving Israeli and related high-tech companies last year totalled $5.23bn, while M&A deals were valued at $5.1bn – almost double the $2.18bn of deals in 2010.

Copyright © 2012 AltAssets