Greylock Israel II originally had a target size of $150 million but was oversubscribed, the firm said in a statement. The fund is managed by five Greylock general partners, Moshe Mor, Erez Ofer, Yoram Snir, Laurel Bowden and Arnon Dinur. Ms Bowden is operating from the recently opened office in London.

Greylock chairman Henry McCance comments, ‘Greylock Israel is pleased to have gained the renewed support of some of the industry’s elite investors. The Greylock Israel team is part of the Greylock global network, leveraging over 40 years of investment heritage and experience to the benefit of talented, passionate entrepreneurs.’

Greylock Israel has completed more than 20 investments in its first fund, launched in 2006. More than half of these investments were seed investments.

Greylock Israel will continue its seed program in fund II. Investments under the seed program range from $100,000 up to $1 million, and will be made at all stages of development, from seed to early to growth.

In March, Greylock announced an investment in London-based Artfinder. Financial details were not disclosed, however, according to a statement from co-backer Wellington Partners, entrepreneur Sherry Coutu will act as chairman of the online art platform.

Other investments include Wonga, notonthehighstreet and Just Eat. LinkedIn founder Reid Hoffman is also a partner in the firm.