Portfolio management software supplir ProSight has completed its third major round of financing, garnering more than $13.8 million in additional capital to sustain the company's pursuit of profitability. The round was led by Giza Venture Capital and supplemented by Genesis Partners, which joined as a new investor with a four million dollar investment.
ProSight develops and markets portfolio management software which enables large enterprises to manage projects, applications, assets, vendors, and resources--or any other expenditure--as if they were portfolios of investments.
Giza Venture Capital is one of the largest and most experienced venture capital funds in Israel with offices in Tel Aviv, Silicon Valley, London and Singapore. Giza manages three funds totaling $316 million, with capital available for investments in new companies.
Giza has led 20 of its portfolio companies to successful exits including Compugen, Oridion, Precise, Butterfly, Libit , M-Systems, Zoran, Scorpio and DSPC. Giza is backed by leading international investors from the US, Europe, Asia Pacific and Israel which include GE Equity, NIB Capital, Deutsche Banc Alex Brown, Bessemer Trust, GIC, Temasek, Bank Hapoalim and Bank Leumi. — (menareport.com)
Genesis Partners, an Israeli venture capital fund, manages $350 million in two funds focusing on the telecommunications, data storage and enterprise software fields. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
