Telecom Italia Lab will join NetLaunch’s group of strategic partners, in advising the fund management team, in locating and evaluating those companies that develop the most advanced solutions in the ICT field, particularly Internet technologies.
Jerusalem Global Ventures (JGV) is a leading investor, focusing on Israeli high-tech start-ups with strong potential for development in the market, using to its advantage its expertise in the investment banking field, acquired through its parent group, Jerusalem Global Ltd.
The participation in NetLaunch is part of Telecom Italia Lab’s strategy to develop a series of strategic alliances with the most important venture capitalists in the market with a strong flair for technological innovation; the Israeli market is of particular interest as it rapidly creates new high-tech companies.
JGV is proud to welcome Telecom Italia Lab to its family of investors. Telecom Italia Lab will join JGV’s other strategic partners in advising its portfolio companies currently working on the most advanced solutions in the field of communications-enabling technologies, said Yoni Hashkes, Managing Partner of JGV. This investment enables us to generate additional value for our portfolio companies. Providing our start-ups with access to one of the key players in the field of communications will play a critical role in their development as leading global companies he said.
Andrea Granelli, CEO of Telecom Italia Lab, said, This partnership is a fundamental step in the development of venture capital activities in regions of particular interest for the development of new companies operating in innovative Internet technology. The Investment in NetLaunch will allow us to operate in close collaboration with one of Israel’s leading Venture Capital companies and will enable us to broaden our interests in the country and construct firm industrial synergies with Telecom Italia Group’s activities.
