CE Unterberg Towbin, the US investment bank is on the verge of closing an initial funding round for a new venture capital fund it will manage. The Tamar Technology Fund will invest in Israeli high-tech companies and will be run by Zohar Gilon. The fund hopes to raise $50m-$75m and is concentrating on wealthy individuals rather than institutions, especially those who will be able to offer strategic opportunities for companies supported by the fund. Gilon has been involved in Israeli high-tech for a number of years including involvement with Armon, Lannet-Madge, RADNet. The fund is expected to invest in RADVision following the bank’s own investments in RADGuard.
