Greylock Partners launches $160M fund for European, Israeli startups

Greylock Israel Partners, the affiliate fund of Greylock Partners — well-known for investing in companies like Facebook, Groupon, LinkedIn, and Pandora — is reportedly raising a new venture fund valued at $160 million for startups in Europe and Israel.

The fund is managed by five Greylock partners, including Moshe Mor, Erez Ofer, Yoram Snir, Laurel Bowden and Arnon Dinur.

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The firm has invested in over 20 startups in Israel, but the newly raised capital will be sure to bring in a whole heap of new investments over the next few months. At a time when hubs outside of Silicon Valley are beginning to make their mark, Europe and Israel are considered hotspots. Greylock Israel last raised a round in 2006.

Greylock is one of Silicon Valley’s oldest investment firms, having been founded in 1965. With $2 billion of capital under management, the firm has invested in 300 companies. In March, it expanded its early stage startup fund to $1 billion.

(Pictured: Greylock Partner Frank Slootman at Times Square)