Type | Limited liability company |
---|---|
Industry | Venture Capital |
Founded | 1993 |
Headquarters | New York, United States |
Key people | Erel Margalit (Founder and Managing Partner) Kobi Rozengarten (General Partner) Gadi Tirosh (General Partner) |
Products | Investments |
Website | www.jvpvc.com |
Jerusalem Venture Partners (JVP) is an Israeli-based venture capital firm, with offices in the JVP Media Quarter in Jerusalem and in New York City.
Contents |
JVP, founded by Erel Margalit in 1993, is a private equity and venture capital firm specializing in incubation and early-stage investments in private companies. the JVP Fund currently runs investments of approximately 930 million dollars in eight funds, and specializes in investments in media, internet, mobile telephony, advertising and gaming industries.
JVP has overseen at least 24 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 Qlik Technologies--currently valued at more than $2 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.[1][2] Additional notable companies backed by JVP are Allot Communications, Altair Semiconductor, AnyClip, Cogent Communications, Cyber-Ark, Fundtech, Jacada, 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 prestigious "Midas (The Golden Touch) List.” [3] In 2010, The Marker Magazine named him the best venture capitalist in Israel.[4]
In 2006, Erel Margalit formed and developed the new Media Quarter in and around the historical train station compound in Jerusalem. Beside the main venture capital firm, the Media Quarter also includes JVP Media Labs, a technological early stage investment incubator; 14 start-up media companies including "Animation Lab", a CGI animated feature film studio; "Zappa Jerusalem", one of Jerusalem's largest concert halls, and "The Lab", an arts incubator for Jerusalem performing artists.
Currently over 300 young employees work in the JVP Media Quarter, including engineers, artists, authors, filmmakers, and cultural figures. The Media Quarter has become one of the most innovative cultural and business scenes in Israel.[5]
Company | Industry | Description | Exit Date | Exit Type |
---|---|---|---|---|
Scorpio Communications | Communications and networking | Asynchronous Transfer Mode (ATM) networking systems and sub-systems. | August 1996 | Acquired by USRobotics for $72M[6] |
Summit Design | Electronics and Semiconductors | The electronic design automation (EDA) company that pioneered the field of Electronic system-level design and verification | October 1996 | IPO on NASDAQ in 1996[7] , acquired by Mentor Graphics in 2006[8] |
Fundtech | Software | A leading provider of software and services to banks, including: Payments systems, ACH origination systems and Cash management systems. | March 1998 | IPO on NASDAQ[9] |
Netro | Communications and networking | High-speed digital wireless networking equipment for the “Last mile" | August 1999 | IPO on NASDAQ[10] |
Jacada | Software | Unified service desktop and process optimization solutions that simplify and automate customer service processes | October 1999 | IPO on NASDAQ[11] |
Ultracom Communications | Communications and networking | Supplier of broadband system-on-chip solutions | March 2000 | Acquired by Terayon for $32m[12] |
T.sqware | Communications and networking | Network processors for edge equipment | April 2000 | Acquired by Globespan for $200m[13] |
Chromatis Networks | Communications and networking | Optical transport systems for data and voice communications on metropolitan fiber optic networks | May 2000 | Aquired by Lucent Technologies for $4.8 billion |
Precise Software | Software | A global leader in Application performance management and Business transaction management solutions | June 2000 | IPO on NASDAQ[14] |
ViryaNet | Software | Mobile workforce management solutions | September 2000 | IPO on NASDAQ[15] |
Magnifire WebSystems | Communications and networking | Web application firewall products | June 2004 | Acquired by F5 Networks for $29m[16] |
PowerDsine | Communications and networking | Power over Ethernet pioneers | June 2004 | IPO on NASDAQ[17] |