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Insight Partners opens Tel Aviv office, eyes Israeli tech firms

U.S. venture capital and private equity firm Insight Partners opened an office in Tel Aviv on Monday, saying it was seeking to invest in Israeli technology.

JERUSALEM, Oct 28 (Reuters) - U.S. venture capital and private equity firm Insight Partners opened an office in Tel Aviv on Monday, saying it was seeking to invest in Israeli technology.

Tel Aviv is Insight's first international office.

"We are committed to bringing our software expertise to Israel’s vibrant, innovative environment," said Insight Partners’ founder Jeff Horing.

Insight, which mainly invests in software firms, has invested $700 million in Israeli startups over the past 15 years, including cybersecurity firm Checkmarx and app developer Lightricks.

Insight in 2011 led a late-stage funding round for Israel's Wix.com WIX.O, which helps small businesses build and operate websites, before a 2013 Nasdaq public offering.

(Reporting by Steven Scheer)

((steven.scheer@thomsonreuters.com; +972 2 632 2210; Reuters Messaging: steven.scheer.thomsonreuters.com@reuters.net; Twitter: @StevenMScheer))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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