Jerusalem Venture Partners (JVP) is an international

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which ha ...

firm founded in 1993. The fund specializes in investments in

startup companies A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend t ...

, focusing on

digital media Digital media is any communication media that operate in conjunction with various encoded machine-readable data formats. Digital media can be created, viewed, distributed, modified, listened to, and preserved on a digital electronics device. ' ...

enterprise software Enterprise software, also known as enterprise application software (EAS), is computer software used to satisfy the needs of an organization rather than individual users. Such organizations include businesses, schools, interest-based user groups, ...

semiconductors A semiconductor is a material which has an electrical resistivity and conductivity, electrical conductivity value falling between that of a electrical conductor, conductor, such as copper, and an insulator (electricity), insulator, such as glas ...

data storage Data storage is the recording (storing) of information (data) in a storage medium. Handwriting, phonographic recording, magnetic tape, and optical discs are all examples of storage media. Biological molecules such as RNA and DNA are conside ...

and

cyber security Computer security, cybersecurity (cyber security), or information technology security (IT security) is the protection of computer systems and networks from attack by malicious actors that may result in unauthorized information disclosure, the ...

, having raised close to $1.4 billion

USD The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...

across nine funds. JVP is headquartered in Margalit Startup City

Jerusalem Jerusalem (; he, יְרוּשָׁלַיִם ; ar, القُدس ) (combining the Biblical and common usage Arabic names); grc, Ἱερουσαλήμ/Ἰεροσόλυμα, Hierousalḗm/Hierosóluma; hy, Երուսաղեմ, Erusałēm. i ...

with offices in

Be'er Sheva Beersheba or Beer Sheva, officially Be'er-Sheva ( he, בְּאֵר שֶׁבַע, ''Bəʾēr Ševaʿ'', ; ar, بئر السبع, Biʾr as-Sabʿ, Well of the Oath or Well of the Seven), is the largest city in the Negev desert of southern Israel. ...

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

and

Paris Paris () is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the 30th most densely populated city in the world in 2020. S ...

Approach

Aside from investment, JVP operates Margalit "startup cities" in Jerusalem, Be'er Sheva and New York. In May 2021, JVP founder Eren Margalit met with French officials, including

minister of finance A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", " ...

Bruno Le Maire Bruno Le Maire (; born 15 April 1969) is a French politician and former diplomat who has served as Minister of the Economy and Finance since 2017 under President Emmanuel Macron. A former member of The Republicans (LR), which he left in 2017 to ...

, to discuss a Startup City in Paris. The cities operate like

business incubators Business incubator is an organization that helps startup companies and individual entrepreneurs to develop their businesses by providing a fullscale range of services starting with management training and office space and ending with venture ca ...

, providing portfolio companies with office space, mentoring, guidance and other business support. The fund also operates startup hubs in locations like

Kiryat Shmona Kiryat Shmona ( he, קִרְיַת שְׁמוֹנָה, ''lit.'' Town of the Eight) is a city in the Northern District of Israel on the western slopes of the Hula Valley near the Lebanese border. The city was named after the eight people, includi ...

History

JVP was founded in Jerusalem in 1993 by

Erel Margalit Erel Margalit ( he, אראל מרגלית; born 1 January 1961) is an Israeli high-tech and social entrepreneur. He is the founder and Executive Chairman of the Jerusalem-based venture capital firm Jerusalem Venture Partners (JVP) and the founder ...

. The company oversaw the

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

business intelligence Business intelligence (BI) comprises the strategies and technologies used by enterprises for the data analysis and management of business information. Common functions of business intelligence technologies include reporting, online analytical pr ...

software company

QlikTech Qlik ronounced "klik"(formerly known as Qliktech) provides a business analytics platform. The software company was founded in 1993 in Lund, Sweden and is now based in King of Prussia, Pennsylvania, United States. The company's main products ...

, and the sale of Chromatis Networks to

Lucent Technologies Lucent Technologies, Inc. was an American multinational telecommunications equipment company headquartered in Murray Hill, New Jersey. It was established on September 30, 1996, through the divestiture of the former AT&T Technologies business u ...

for $4.8 billion, the largest sale of an Israeli company at the time. In May 2012 JVP portfolio company XtremIO, established in 2009, was sold to

EMC Corporation Dell EMC (EMC Corporation until 2016) is an American multinational corporation headquartered in Hopkinton, Massachusetts and Round Rock, Texas, United States. Dell EMC sells data storage, information security, virtualization, analytics, cloud ...

for $430 million. Additional notable companies backed by JVP are

Allot Communications Allot Ltd., formerly Allot Communications, is an Israeli high-tech company that develops telecommunications software. The company is headquartered in Hod Hasharon, Israel. History Allot was founded in 1996, by Michael Shurman and Yigal Jacoby. By ...

Altair Semiconductor Sony Semiconductor Israel Ltd., formerly known as Altair Semiconductor, is an Israeli developer of high performance single-mode Long Term Evolution (LTE) chipsets. The company's product portfolio includes baseband processors, RF transceivers and ...

Cogent Communications Cogent Communications is a multinational internet service provider based in the United States. Cogent's primary services consist of Internet access and data transport, offered on a fiber optic, IP data-only network, along with colocation in data ...

, Cyber-Ark,

Jacada Jacada is a software and services company that specialized in automating and simplifying customer service operations. The firm, founded by Gideon Hollander, was incorporated December 1990 in Israel as a limited liability company. Jacada operated ...

, Navajo Systems,

Netro SR Telecom Inc. was a broadband wireless systems manufacturer headquartered in Montreal, Quebec, and present in over 130 countries around the world. Established in 1981, SR Telecom provided urban and rural telecommunications providers with wireles ...

, Playcast Media Systems, Precise,

Qlipso Qlipso Inc. is an Israeli- American technology company, which builds and operates multi-user content-sharing platforms for Flash-based media. The company's social-viewing platform provided users the ability to view and share various forms of media ...

, and XMPie. In 2005, ''

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...

'' selected Margalit as the top-ranking non-American venture capitalist on its "Midas (The Golden Touch) List". In 2010,''

TheMarker ''TheMarker'' ( he, דה-מרקר) is a Hebrew-language daily business newspaper published by the Haaretz group in Israel. ''TheMarker'' was founded in 1999 by journalist and entrepreneur Guy Rolnik along with Haaretz group and U.S.-based invest ...

''named him the best venture capitalist in Israel. In 2013, JVP signed an agreement to sell CyOptics Inc. to

Avago Technologies Broadcom Inc. is an American designer, developer, manufacturer and global supplier of a wide range of semiconductor and infrastructure software products. Broadcom's product offerings serve the data center, networking, software, broadband, wirel ...

, a developer of analog interface components, for $400 million. In 2018, JVP increases its 8th VC fund to $200m. In May 2019, JVP announced it would team up with

Mars, Incorporated Mars, Incorporated is an American multinational manufacturer of confectionery, pet food, and other food products and a provider of animal care services, with US$40 billion in annual sales in 2021. Mars was ranked as the fourth-largest priva ...

to invest in Israeli food technology. In February 2020, JVP opened the International Cyber Center in

NYC New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

, Margalit Startup City New York. In November 2020, JVP announced an expansion of the Margalit Startup City in

Investments

Notable investments for JVP include CyberArk,

Qlik Qlik ronounced "klik"(formerly known as Qliktech) provides a business analytics platform. The software company was founded in 1993 in Lund, Sweden and is now based in King of Prussia, Pennsylvania, United States. The company's main products ...

and

Exits (partial list)

References

{{reflist, 2 Venture capital firms of Israel Investment companies of Israel Companies based in Jerusalem

Approach

History

Investments

Exits (partial list)

See also

References