Jerusalem Venture Partners


Jerusalem Venture Partners 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 1.4 billion US Dollars across nine funds. JVP is headquartered in the JVP Media Quarter in Jerusalem with offices in Be'er Sheva, New York City and Paris.

History

JVP, founded in Jerusalem in 1993 by Erel Margalit, has overseen at least 35 exits, more than any other Israel-based investor, including the IPO of business intelligence 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 List". In 2010, 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.
In 2013, JVP signed an agreement to sell CyOptics Inc. to Avago Technologies, 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 to invest in Israeli food tech.
In June 2019, it was announced that Kobi Rozengarten was leaving to lead GigCapital's activities in Israel.

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", 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.

Exits (partial list)

CompanyIndustryDescriptionExit DateExit Type
Scorpio CommunicationsCommunications and networkingAsynchronous Transfer Mode networking systems and sub-systems.August 1996Acquired by USRobotics for $72M
Summit DesignElectronics and SemiconductorsThe electronic design automation company that pioneered the field of Electronic system-level design and verificationOctober 1996IPO on NASDAQ in 1996, acquired by Mentor Graphics in 2006
FundtechSoftwareA leading provider of software and services to banks, including: Payment systems, ACH origination systems and Cash management systems.March 1998IPO on NASDAQ
NetroCommunications and networkingHigh-speed digital wireless networking equipment for the “Last mile"August 1999IPO on NASDAQ
JacadaSoftwareUnified service desktop and process optimization solutions that simplify and automate customer service processesOctober 1999IPO on NASDAQ
Ultracom CommunicationsCommunications and networkingSupplier of broadband system-on-chip solutionsMarch 2000Acquired by Terayon for $32m
T.sqwareCommunications and networkingNetwork processors for edge equipmentApril 2000Acquired by Globespan for $200m
Chromatis NetworksCommunications and networkingOptical transport systems for data and voice communications on metropolitan fiber optic networksMay 2000Acquired by Lucent Technologies for $4.8 billion
Precise SoftwareSoftwareA global leader in Application performance management and Business transaction management solutionsJune 2000IPO on NASDAQ
ViryaNetSoftwareMobile workforce management solutionsSeptember 2000IPO on NASDAQ
Magnifire WebSystemsCommunications and networkingWeb application firewall productsJune 2004Acquired by F5 Networks for $29m
PowerDsineCommunications and networkingPower over Ethernet pioneersJune 2004IPO on NASDAQ
Dune NetworksCommunications and networkingHigh speed network switchesDecember 2009Sold to Broadcom for $178M in cash
QliktechSoftwareBusiness Intelligence Enterprise SoftwareJune 2010IPO on NASDAQ
Navajo SystemsSoftwareSecurity for SaaS applicationsAugust 2011Sold to Salesforce.com
XtremIOElectronics and SemiconductorsFlash memory Computer data storageMay 2012sold to EMC Corporation for $430 million