Plenus Venture Lending, based in Herzliya, said Wednesday it has granted a $10 million credit facility to Flash Networks, a leading provider of mobile Internet quality-of-experience solutions.
Plenus is the only Israeli venture capital firm that provides credit facilities to revenue-stage technology companies. It currently manages over $300m. and has participated in nine exits in 2006. Herzliya-based Flash Networks' solutions accelerate mobile Internet adoption and its customers include 40 top-tier mobile carriers such as T-Mobile, Vodafone and Orange.
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