Industry Venture Capital AUM US$900 million Founder Erel Margalit Assets under management 900 million USD | Products Investments Website www.jvpvc.com Founded 1993 Type Limited liability company | |
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Key people Erel Margalit
(Founder)
Kobi Rozengarten
(General Partner)
Gadi Tirosh
(General Partner) Headquarters Jerusalem District, Israel | ||
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, Storage and Cyber Security, having raised close to a billion US Dollars across nine funds. JVP is headquartered in the JVP Media Quarter in Jerusalem, Israel with offices in Be'er Sheva, New York City and Paris.
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History
JVP, founded in Jerusalem in 1993 by Erel Margalit, has overseen at least 26 successful exits, more than any other Israel-based investor. The firm has led some of the most successful exits in Israeli history, including the IPO of business intelligence (BI) software company QlikTech- valued at more than $2.5 billion, and the sale of Chromatis Networks to Lucent Technologies for $4.8 billion, the largest sale of an Israeli company ever to that point. On May 2012 JVP portfolio company XtremIO, established in 2009, was sold to EMC Corporation for $430 million. Additional notable companies backed by JVP are Allot Communications, Altair Semiconductor, AnyClip, Cogent Communications, Cyber-Ark, Fundtech, Jacada, Navajo Systems, Netro, Playcast Media Systems, Precise, Sheer Networks, Qlipso, XMPie and more.
In 2005, Forbes international business magazine selected Margalit as the top-ranking non-American venture capitalist on its "Midas (The Golden Touch) List". In 2010, The Marker Magazine named him the best venture capitalist in Israel.
In 2010 and 2011 JVP was named "Firm of the year in Israel" by the financial information group Private Equity International ("PEI").
In 2013, JVP signed an agreement to sell CyOptics Inc. to Avago Technologies, a developer of analog interface components, for $400 million.
JVP Media Quarter
In 2007, Erel Margalit established a Media Quarter in and around the historical train station compound in Jerusalem. Beside the main venture capital firm, the Media Quarter houses the JVP Media Labs, a technological early stage investment incubator; 10 start-up media companies; "Zappa Jerusalem in the Lab," a music club and concert venue for some of Israel's leading singers, and "JVP Community" ("Bakehila"), a youth empowerment program supporting up to 3,000 youngsters in 5 underprivileged Jerusalem neighborhoods.
JVP Media Quarter employs about 150 entrepreneurs, engineers, developers and artists.