Early-stage investor Accel has established a more permanent base in Tel Aviv, after capital injections in 30-something Israeli tech companies over the years.
The VC firm is today announcing the appointment of Nir Blumberger as venture partner, a former corporate development executive at Facebook (which, for the record, was also backed by Accel).
Accel bills the hiring of Blumberger as a 'doubling down on its commitment to the Israeli market', where it has already found and financed the likes of Imperva, Fiverr and E8 Storage.
Born and raised in Israel, Blumberger thus joins Accel from Facebook, where he drove global M&A and strategy in areas such as virtual/augmented reality, messaging and video. He was previously with McKinsey & Company in Europe and Israel.
Blumberger, who has an MBA from Stanford University and previously studied computer science at The Interdisciplinary Center in Israel, will scout investments in both consumer and enterprise tech startups.
Philippe Botteri, partner at Accel, said:
“Israel is a vibrant hub for innovation, and Accel has long-held conviction in the great ideas and entrepreneurs that have emerged from the region. We are seeing exciting companies and technologies come out of Israel at an increasing pace, making it the perfect time for us to expand our presence. We are thrilled to have Nir join our team from Facebook. His world-class technology and business background from Israel and Silicon Valley make him a perfect fit for Accel.”
Last April, the firm announced the raising of its latest fund: Accel London V, a $500 million fund.
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