News

Plenus Mezzanine, Israel’s leading Mezzanine fund, granted a$2.5mm Credit Facility to Logia mobile, a leading global provider of innovative mobile content solutions.

Plenus, the leading Venture Lending Fund in Israel, providing credit facilities to high-tech companies, granted a $10mm Credit Facility to Flash Networks, a leading provider of mobile Internet quality-of-experience (QoE) solutions. The Mizrahi Tefahot Bank participated in providing the Credit Facility.

Plenus, the leading venture lending fund in Israel which provides credit facilities to high-tech companies, is closing its third Venture Lending fund – Plenus III. Investors in Plenus III include the vast majority of Israel’s institutional investors – banks, pension, insurance, and provident funds. Prestigious US and European institutions are among Plenus III investors as well. Initially, as previously published, Plenus planned to raise a $100mm fund, but due to strong positive response, resulting in aggregate demand for nearly double the target amount, Plenus has decided to expand its target fund size up to $120mm. To date, Plenus has closed $112mm, and is currently in the final contractual process with two institutional investors. Final closing of the fund is expected in a month.

Plenus, the leading Venture Lending Fund in Israel, which provides credit facilities to high-tech companies, led a $3mm Credit Facility Round to AxisMobile. .