The Tel Aviv skyline at night. Photo: Gilad Avidan via Wikimedia Commons.

CTech – Arizona-based venture capital firm Grayhawk Capital, which manages over $500 million in assets, is increasing its focus on Israeli technology with the appointment of a dedicated venture partner. The firm announced Monday it has appointed Leib Bolel, the CEO of bilateral trade organization the Arizona Israel Technology Alliance, to oversee the domain for the company.

Grayhawk previously invested in two Israeli startups operating in Arizona, prescriptive analytics company Profitect and enterprise customer engagement company Totango. The firm is now looking to invest in Israeli early stage companies, as part of its new $75 million fund announced Monday.