Israeli early stage high tech startup VC fund Magma Venture Partners, whose current portfolio includes online video-editing software developer Magisto, mobile analytics company Onavo, and navigation app maker Waze to name three, has completed fundraising on its third fund — Magma III — exceeding its target of $100 million (it did not specify by exactly how much).
Magma said it manages more than $300 million to-date. Its investments typically focus on digital media, SaaS and fabless semiconductors. The fund is managed by partners Yahal Zilka and Modi Rosen.
