|Type||Limited liability company|
(Founder and Chairman)
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. JVP is headquartered in Margalit Startup City Jerusalem with offices in Be'er Sheva, New York City and Paris.
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 Bruno Le Maire, to discuss a Startup City in Paris. The cities operate like business incubators, providing portfolio companies with office space, mentoring, guidance and other business support. The fund also operates start0up hubs in locations like Kiryat Shmona.
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.
In 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, Cogent Communications, Cyber-Ark, Jacada, Navajo Systems, Netro, Playcast Media Systems, Precise, Qlipso, and XMPie.
In 2018, JVP increases its 8th VC fund to $200m.
Exits (partial list)
|Company||Industry||Exit Date||Exit Type|
|Scorpio Communications||Communications and networking||August 1996||Acquired by USRobotics for $72M|
|Summit Design||Electronics and Semiconductors||October 1996||IPO on NASDAQ in 1996, acquired by Mentor Graphics in 2006|
|Netro||Communications and networking||August 1999||IPO on NASDAQ|
|Jacada||Software||October 1999||IPO on NASDAQ|
|Ultracom Communications||Communications and networking||March 2000||Acquired by Terayon for $32m|
|T.sqware||Communications and networking||April 2000||Acquired by Globespan for $200m|
|Precise Software||Software||June 2000||IPO on NASDAQ|
|ViryaNet||Software||September 2000||IPO on NASDAQ|
|Magnifire WebSystems||Communications and networking||June 2004||Acquired by F5 Networks for $29m|
|PowerDsine||Communications and networking||June 2004||IPO on NASDAQ|
|Dune Networks||Communications and networking||December 2009||Sold to Broadcom for $178M in cash|
|Qlik||Software||June 2010||IPO on NASDAQ ($2bn+ Market Cap). Bought in June 2016 by private equity firm Thoma Bravo.|
|Navajo Systems||Software||August 2011||Sold to Salesforce.com|
|XtremIO||Electronics and Semiconductors||May 2012||sold to EMC Corporation for $430 million |
|CyberArk||Security||September 2014||IPO on NASDAQ (CYBR), raising $92.5 million |
|Cyberfish||Security||April 2021||Acquired by Cofense for $100 million |
- "Sweden loves Israeli high-tech". Ynetnews. 2012-05-10. Retrieved 2021-05-10.
- Baird-Remba, Rebecca (2018-11-09). "Israeli VC Firm Nails Down Lease for City Cybersecurity Hub". Commercial Observer. Retrieved 2021-05-28.
- Shemer, Simona (2021-05-10). "JVP's Erel Margalit In Talks To Set Up Innovation Hub In Paris". NoCamels. Retrieved 2021-05-28.
- Halon, Eytan. "Israel's northernmost start-up hub opens in Upper Galilee". The Jerusalem Post | JPost.com. Retrieved 2021-05-28.
- Shelach, Shmulik (10 May 2012). "EMC buys XtremIO for $430m". Globes. Retrieved 10 May 2012.
- "Forbes". The Midas List. Ynetnews.
- "מלך האקזיטים: אראל מרגלית - איש ההון סיכון בעל מגע הזהב". The Marker.
- Avago buys Israel's CyOptics for $400m, Jerusalem Post
- "JVP increases 8th VC fund to $200m". Globes Israel's Business Arena. June 20, 2018.
- "Mars teams with JVP to invest in Israeli food-tech". Globes Israel's Business Arena. May 15, 2019.
- "Jerusalem Venture Partners in talks to open innovation hub in UAE". The Jerusalem Post | JPost.com. Retrieved 2021-05-10.
- 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.
- "Qlik Technologies Sells for $3 Billion". Fortune. Retrieved 2021-05-28.
- Cohan, Peter. "How CyberArk Became Israel's Best Venture Capital Investment". Forbes. Retrieved 2021-05-28.
- "U.S. Robotics buys Scorpio". Chicago Tribune. August 29, 1996.
- "Summit Design Commences Initial Public Offering of Common Stock". EETimes. 1996-10-21.
- Cheung, Ken (October 24, 2006). "Mentor Graphics Acquires Summit Design". EDA Geek.
- "Strong Debuts for Netro, Wink as IPO Angst Lifts". Los Angeles Times. August 20, 1999.
- "Jacada announces IPO". Washington Business Journal. October 22, 1999.
- "Terayon Acquires Ultracom for Broadband Systems-on-Silicon; Expands Terayon's Broadband Silicon Portfolio to Wireless and DSL". Wireless Design Online. March 29, 2000.
- Wirbel, Loring (2000-04-26). "Globespan snaps up T.sqware for $200 million". EE Times.
- "Precise Software Solutions Profile", Information Management Magazine, June 2001, retrieved 2009-11-03
- ViryaNet Announces Initial Public Offering September 19, 2000
- "F5 snaps up MagniFire". Retrieved 2010-08-27.
- "Israel's PowerDsine raises $59m in IPO". Israel21c. June 13, 2004.
- Broadcom to buy Dune Networks for cloud switches
- Correspondence, Globes (28 August 2011). "Salesforce buys SaaS co Navajo Systems". Globes. Retrieved 10 May 2012.
- Shelach, Shmulik (10 May 2012). "EMC buys XtremIO for $430m". Globes. Retrieved 10 May 2012. |- |CyberArk | Software | Cyber security | September 2014 | IPO on NASDAQ
- Harris, David L. "CyberArk Software raises $92.5M in initial public offering; shares up 65 percent". www.bizjournals.com. Retrieved 2021-05-28.
- Solomon, Shoshanna. "US firm Cofense to buy Israel's Cyberfish to better detect and avert phishing". www.timesofisrael.com. Retrieved 2021-05-28.