Magma Venture Partners is launching a new $100-120 million third vehicle, Globes reports. The firm’s investment strategy is to invest in seed-stage companies and assist them while holding majority stakes in them.

Magma is a boutique fund specializing in communications, semiconductor and Internet companies. The firm has 18 active companies in its portfolio, of which 41% investments are in communications, 48% in semiconductor companies and the remaining 11% in Internet companies.

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