Magnum Venture Capital, an Israel VC fund specializing in communications has changed its name to Magma Venture Partners to differentiate itself from the International group of Magnum Funds.
With Magma, the VC company may get burned again. Israeli companies with similar names includeMagma Real Estate LTD., Magma Assets LTD., Magma Productions, Magma Research & Development, Magma Marketing Telecommunications LTD.
One wonders why Venture Capital Funds often don’t consult with trademark attorneys or patent attorneys when choosing their own names. Ah, well.
