Siemens new Israel investment includes healthcare interests
Siemens Venture Capital (SVC), the investment arm of Siemens, will expand its investment and change the focus of its activity in Israel.
SVC investment associate Orit Stav said, as part of SVC's expansion in Israel, it would invest in new sectors, instead of its previous focus on telecommunications solutions. "Following the merger of Siemens' communications business with Nokia, we no longer invest in communications. On the other hand, we're definitely interested in medical devices, and energy, water, and industrial solutions and products,” Stav said.
Stav said, “SVC has recently invested in China also, and it is seeking opportunities in India. It makes no geographically specific allocations, but Israel is definitely considered an interesting territory for new investment. SVC has previously invested up to a 20 percent stake in Israeli companies.”
According to the Israel Venture Capital Research Center, SVC manages $880 million. It has invested $150 million to date in Israeli venture capital funds.
SVC investment associate Orit Stav said, as part of SVC's expansion in Israel, it would invest in new sectors, instead of its previous focus on telecommunications solutions. "Following the merger of Siemens' communications business with Nokia, we no longer invest in communications. On the other hand, we're definitely interested in medical devices, and energy, water, and industrial solutions and products,” Stav said.
Stav said, “SVC has recently invested in China also, and it is seeking opportunities in India. It makes no geographically specific allocations, but Israel is definitely considered an interesting territory for new investment. SVC has previously invested up to a 20 percent stake in Israeli companies.”
According to the Israel Venture Capital Research Center, SVC manages $880 million. It has invested $150 million to date in Israeli venture capital funds.