21Ventures adds to local investment

US investment company 21Ventures, is planning to inject an additional $20 million into local seed and early-stage technology start-up companies in 2008.

US investment company 21Ventures, is planning to inject an additional $20 million into local seed and early-stage technology start-up companies in 2008. The company said Wednesday that 60 percent of the new fund will be allocated to existing investments and 40% to new opportunities. Investments will range from $250,000 to $2m per company. Until now, 21Ventures had invested $16m. in Israeli interests and has recently invested the first tranche of its anticipated $4m. investment in Israeli security company Hadas. Other 21Ventures investments include BioPetroClean, Agent Video Intelligence Inc. and Orion Solar Ltd.