Major VC player from Israel plans Asia fund, but says it'll watch out for froth

Singapore

ONE of Israel's most active venture funding outfits plans to raise between US$30 million and US$50 million with an Asian partner for its first Asia fund in the next 18 months, even as it watches with care the lofty valuations in the Asian startup scene, its top executive in Asia said.

This Asia fund will draw funds from investors in Asia, and offer access to international tech companies, including those from Israel and Asia.