American VC fund Greylock launches operations in Israel and Europe

Moshe Mor, formerly of SPL WorldGroup, is appointed managing partner
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American VC fund Greylock today officially announced the launch of investment activity in Europe and Israel.

The company also announced the appointment of Moshe Mor, former chairman of SPL WorldGroup, as a managing partner.

Mor joined Greylock in December of 2000 as acting CEO. He had the same position at Accel Partners. Mor stepped down from Accel as soon as he was made partner in Greylock, and went on to manage the company's investment activity in Israel and Europe.

The fund has previously co-invested in the Israeli startup CashU with VC funds Pitango Venture Capital and Fidelity Ventures, and in the Irish startup Cape Clear in co-operation with the Europe branch of Accel Partners.

Bill Elfers, Dan Gregory and Charlie Waite founded Greylock in 1965. Wealthy families and universities also invest in the fund, which recently put together two $750 million and $1 billion funds. Greylock altogether manages a capital of $2.2 billion. The fund has so far invested in 250 companies, of which 120 have already gone public and 80 were sold.