Motorola Invests in CommLaunch Ventures
Motorola Inc. (Schaumburg, IL) has made a strategic minority equity investment in CommLaunch Ventures LP (Jerusalem, Israel), a privately held incubator fund focused on high-growth Internet infrastructure companies developing communication products and technologies.
CommLaunch is one of three high-technology incubator funds of Jerusalem Global Innovation Centers (JGIC), Israel's premier accelerator of star entrepreneurial ideas. Motorola is part of CommLaunch's second closing, which brings total investments in CommLauch to close to $70.0 million and total investments in JGIC to $154.0 million.
The investment was made by One Motorola Ventures, the strategic venture capital investment arm of the global communications and embedded electronics company.