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Magnum Venture Capital renames itself Magma Venture Partners22/03/2007. Source: AltAssets. 
 Magnum Venture Capital, an early stage venture capital firm that specialises in investments in Israeli-related communications and semiconductor companies, has changed its name to Magma Venture Partners.
Yahal Zilka, co-founder and managing partner of the firm, said, 'The name change to Magma Venture Partners comes as a result of other funds possessing the Magnum brand and is in line with the closing of the General Partner's second fund - Magma II
'The communications and semiconductor field, in its broad sense, represents 50 to 60 per cent of technological investments in Israel and we see continued innovation within these industries,' Zilka added.
Magma invests in fields such as wireless networking, network infrastructure, communication technology semiconductors, security and data storage, and software applications. The firm's portfolio companies include Wintegra, Extricom, Provigent, Outsmart, and ConnectOne.
Magma currently manages $180m in two funds, Magma I and II. Magma I was established in 1999 and raised $75m, while Magma II was established in 2006 with $105m.
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