Formula Ventures Completes an Interim Round of Financing, Increasing the Formula Ventures Fund Size to Approximately 65 Million US Dollars.

PR Newswire | August 11, 1999 | Copyright

HERZLIYA, Israel, Aug. 11 /PRNewswire/ -- Formula Systems (1985) Ltd. (Nasdaq: FORTY), a leading international provider of information technology, products and services, announced today that its venture fund, Formula Ventures, has completed an interim round of financing that increases the Formula Ventures fund size to approximately $65 million. Formula Ventures is an Israel based venture capital fund, focusing on early stage information technology ventures.

Formula Ventures was founded in December 1998 by Formula Systems. Formula Systems increased its commitment to ...

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