Jerusalem_Venture_Partners

Jerusalem Venture Partners

Jerusalem Venture Partners

International venture capital firm


Jerusalem Venture Partners (JVP) is an international venture capital firm founded in 1993. The fund specializes in investments in startup companies, focusing on digital media, enterprise software, semiconductors, data storage and cyber security, having raised close to $1.4 billion USD across nine funds.[1] JVP is headquartered in Margalit Startup City Jerusalem with offices in Be'er Sheva, New York City and Paris.

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Approach

Aside from investment, JVP operates Margalit "startup cities" in Jerusalem, Be'er Sheva and New York.[2] In May 2021, JVP founder Eren Margalit met with French officials, including minister of finance Bruno Le Maire, to discuss a Startup City in Paris.[3] The cities operate like business incubators, providing portfolio companies with office space, mentoring, guidance and other business support. The fund also operates startup hubs in locations like Kiryat Shmona.[4]

History

JVP was founded in Jerusalem in 1993 by Erel Margalit. The company oversaw the IPO of business intelligence software company QlikTech, and the sale of Chromatis Networks to Lucent Technologies for $4.8 billion, the largest sale of an Israeli company at the time.[citation needed]

In May 2012 JVP portfolio company XtremIO, established in 2009, was sold to EMC Corporation for $430 million.[5] Additional notable companies backed by JVP are Allot Communications, Altair Semiconductor, Cogent Communications, Cyber-Ark, Jacada, Navajo Systems, Netro, Playcast Media Systems, Precise, Qlipso, and XMPie.

In 2005, Forbes selected Margalit as the top-ranking non-American venture capitalist on its "Midas (The Golden Touch) List".[6] In 2010, TheMarker named him the best venture capitalist in Israel.[7]

In 2013, JVP signed an agreement to sell CyOptics Inc. to Avago Technologies, a developer of analog interface components, for $400 million.[8]

In 2018, JVP increases its 8th VC fund to $200m.[9]

In May 2019, JVP announced it would team up with Mars, Incorporated to invest in Israeli food technology.[10]

In February 2020, JVP opened the International Cyber Center in New York City, New York, Margalit Startup City New York.[11] In November 2020, JVP announced an expansion of the Margalit Startup City in Jerusalem.[12]

In September 2022, JVP opened a climate change center in its NYC location, in partnership with car company Mini and a startup accelerator called URBAN-X.[13]

Investments

Notable investments for JVP include CyberArk, Altair Semiconductor, Qlik and Cogent Communications.[14][15]

Exits (partial list)

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See also


References

  1. "Sweden loves Israeli high-tech". Ynetnews. 2012-05-10. Retrieved 2021-05-10.
  2. Baird-Remba, Rebecca (2018-11-09). "Israeli VC Firm Nails Down Lease for City Cybersecurity Hub". Commercial Observer. Retrieved 2021-05-28.
  3. Shemer, Simona (2021-05-10). "JVP's Erel Margalit In Talks To Set Up Innovation Hub In Paris". NoCamels. Retrieved 2021-05-28.
  4. Halon, Eytan. "Israel's northernmost start-up hub opens in Upper Galilee". The Jerusalem Post | JPost.com. Retrieved 2021-05-28.
  5. Shelach, Shmulik (10 May 2012). "EMC buys XtremIO for $430m". Globes. Retrieved 10 May 2012.
  6. "Forbes". The Midas List. Ynetnews.
  7. "JVP increases 8th VC fund to $200m". Globes Israel's Business Arena. June 20, 2018.
  8. "Mars teams with JVP to invest in Israeli food-tech". Globes Israel's Business Arena. May 15, 2019.
  9. "Jerusalem Venture Partners in talks to open innovation hub in UAE". The Jerusalem Post | JPost.com. Retrieved 2021-05-10.
  10. Spiro, James (2020-09-14). "JVP founder launches Margalit Startup City as Israel prepares for second lockdown". CTECH - www.calcalistech.com. Retrieved 2021-05-28.
  11. "Qlik Technologies Sells for $3 Billion". Fortune. Retrieved 2021-05-28.
  12. Cohan, Peter. "How CyberArk Became Israel's Best Venture Capital Investment". Forbes. Retrieved 2021-05-28.
  13. "U.S. Robotics buys Scorpio". Chicago Tribune. August 29, 1996.
  14. Cheung, Ken (October 24, 2006). "Mentor Graphics Acquires Summit Design". EDA Geek.
  15. "Strong Debuts for Netro, Wink as IPO Angst Lifts". Los Angeles Times. August 20, 1999.
  16. "Jacada announces IPO". Washington Business Journal. October 22, 1999.
  17. Wirbel, Loring (2000-04-26). "Globespan snaps up T.sqware for $200 million". EE Times.
  18. "Precise Software Solutions Profile", Information Management Magazine, June 2001, retrieved 2009-11-03
  19. Correspondence, Globes (28 August 2011). "Salesforce buys SaaS co Navajo Systems". Globes. Retrieved 10 May 2012.
  20. Shelach, Shmulik (10 May 2012). "EMC buys XtremIO for $430m". Globes. Retrieved 10 May 2012. |- |CyberArk | Software | Cyber security | September 2014 | IPO on NASDAQ
  21. Harris, David L. "CyberArk Software raises $92.5M in initial public offering; shares up 65 percent". www.bizjournals.com. Retrieved 2021-05-28.
  22. Solomon, Shoshanna. "US firm Cofense to buy Israel's Cyberfish to better detect and avert phishing". www.timesofisrael.com. Retrieved 2021-05-28.

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