Jerusalem Venture Partners

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Jerusalem Venture Partners LLC
Limited liability company
Industry Venture Capital
Founded 1993; 24 years ago (1993)
Headquarters Jerusalem, Israel
Key people
Erel Margalit
(Founder)
Kobi Rozengarten
(General Partner)
Gadi Tirosh
(General Partner)
Products Investments
AUM US$900 million
Website www.jvpvc.com

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.[1] JVP is headquartered in the JVP Media Quarter in Jerusalem, Israel with offices in Be'er Sheva, New York City and Paris.

History[edit]

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.[2][3] On May 2012 JVP portfolio company XtremIO, established in 2009, was sold to EMC Corporation for $430 million.[4] 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".[5] In 2010, The Marker Magazine named him the best venture capitalist in Israel.[6]

In 2010 and 2011 JVP was named "Firm of the year in Israel" by the financial information group Private Equity International ("PEI").[7]

In 2013, JVP signed an agreement to sell CyOptics Inc. to Avago Technologies, a developer of analog interface components, for $400 million.[8]

JVP Media Quarter[edit]

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,[9] 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.[10]

Exits (partial list)[edit]

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[11]
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,[12] acquired by Mentor Graphics in 2006[13]
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[14]
Netro Communications and networking High-speed digital wireless networking equipment for the “Last mile" August 1999 IPO on NASDAQ[15]
Jacada Software Unified service desktop and process optimization solutions that simplify and automate customer service processes October 1999 IPO on NASDAQ[16]
Ultracom Communications Communications and networking Supplier of broadband system-on-chip solutions March 2000 Acquired by Terayon for $32m[17]
T.sqware Communications and networking Network processors for edge equipment April 2000 Acquired by Globespan for $200m[18]
Chromatis Networks Communications and networking Optical transport systems for data and voice communications on metropolitan fiber optic networks May 2000 Acquired 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[19]
ViryaNet Software Mobile workforce management solutions September 2000 IPO on NASDAQ[20]
Magnifire WebSystems Communications and networking Web application firewall products June 2004 Acquired by F5 Networks for $29m[21]
PowerDsine Communications and networking Power over Ethernet pioneers June 2004 IPO on NASDAQ[22]
Dune Networks Communications and networking High speed network switches December 2009 Sold to Broadcom for $178M in cash[23]
Qliktech Software Business Intelligence Enterprise Software June 2010 IPO on NASDAQ ($2bn+ Market Cap)
Navajo Systems Software Security for SaaS applications August 2011 Sold to Salesforce.com[24]
XtremIO Electronics and Semiconductors Flash memory Computer data storage May 2012 sold to EMC Corporation for $430 million [25]

See also[edit]

References[edit]

  1. ^ Sweden loves Israeli high-tech
  2. ^ "JVP Venture Capital". About. Retrieved 26 October 2016. 
  3. ^ "CrunchBase". Erel N. Margalit. TechCrunch. Retrieved 26 October 2016. 
  4. ^ Shelach, Shmulik (10 May 2012). "EMC buys XtremIO for $430m". Globes. Retrieved 10 May 2012. 
  5. ^ "Forbes". The Midas List. Forbes Publishing. Retrieved 5/2/11.  Check date values in: |access-date= (help)
  6. ^ "מלך האקזיטים: אראל מרגלית - איש ההון סיכון בעל מגע הזהב". The Marker. Retrieved 26 October 2016. 
  7. ^ http://www.peimedia.com/resources/PEI/PEIAnnualReview_Awards_list_2011.pdf
  8. ^ Avago buys Israel's CyOptics for $400m, Jerusalem Post
  9. ^ Illuminating coincidences, Jerusalem Post
  10. ^ "JVP Venture Capital". About the Media Quarter. Retrieved 26 October 2016. 
  11. ^ "U.S. Robotics buys Scorpio". Chicago Tribune. August 29, 1996. 
  12. ^ "Summit Design Commences Initial Public Offering of Common Stock". EETimes. 1996-10-21. 
  13. ^ Cheung, Ken (October 24, 2006). "Mentor Graphics Acquires Summit Design". EDA Geek. 
  14. ^ "Fundtech Ltd. Commences Initial Public Offering of 3.0 Million Ordinary Shares at a Price of $13 Per Share.", Business Wire -- March 13, 1998 -- 
  15. ^ "Strong Debuts for Netro, Wink as IPO Angst Lifts". Los Angeles Times. August 20, 1999. 
  16. ^ "Jacada announces IPO". Washington Business Journal. October 22, 1999. 
  17. ^ "Terayon Acquires Ultracom for Broadband Systems-on-Silicon; Expands Terayon's Broadband Silicon Portfolio to Wireless and DSL". Wireless Design Online. March 29, 2000. 
  18. ^ Wirbel, Loring (2000-04-26). "Globespan snaps up T.sqware for $200 million". EE Times. 
  19. ^ "Precise Software Solutions Profile", Information Management Magazine, June 2001, retrieved 2009-11-03 
  20. ^ ViryaNet Announces Initial Public Offering September 19, 2000
  21. ^ "F5 snaps up MagniFire". Retrieved 2010-08-27. 
  22. ^ "Israel's PowerDsine raises $59m in IPO". Israel21c. June 13, 2004. 
  23. ^ Broadcom to buy Dune Networks for cloud switches
  24. ^ Correspondence, Globes (28 August 2011). "Salesforce buys SaaS co Navajo Systems". Globes. Retrieved 10 May 2012. 
  25. ^ Shelach, Shmulik (10 May 2012). "EMC buys XtremIO for $430m". Globes. Retrieved 10 May 2012.  |- |CyberArk | Software | Cyber security | September 2014 | IPO on NASDAQ