Israel’s Jerusalem Venture Partners closes $220m tech fund
Fintech will get some love as Israeli venture capital firm Jerusalem Venture Partners (JVP) has closed its latest fund, JVP VIII, with $220 million in commitments.
JVP VIII looking great for tech
It’s not limited to our wonderful world of fintech, but JVP will be looking to invest in early through mid-stage technologies.
JVP explains what it likes: “Computer vision meets wellness, cybersecurity meets fintech and insurtech, artificial intelligence (AI) meets retail and media, big data meets healthcare IT and many more.”
Erel N. Margalit, PhD, founder and executive chairman of JVP, adds: “Over the next decade, we’re going to see up to 50% of the most well-known brands be surpassed and eventually displaced by a wave of disruptive companies – many of whom are being launched today and in the near future.”
JVP has investment hubs in Jerusalem at the JVP Media Quarter in the heart of the city, home to its corporate headquarters – and in Beer Sheva, the “southern cyber-epicentre”, home to the JVP Labs alongside universities and international corporations. In addition, it recently launched a hub in New York – aka Hub.NYC.
JVP VIII attracted investors from across the US; from Europe, such as France, Germany, Austria, Italy and the UK; and from Asia, including Japan. These included US and European government sovereign funds, international insurance companies, endowments from universities and global corporations.
JVP says it ended 2018 with nine new investments in emerging companies across tech categories like cyber and big data.
The company was founded in 1993 and has raised to date $1.4 billion across nine funds. JVP says it has built over 130 companies. Names include CyberArk Software, QLIK Technologies and Cogent Communications. It has also invested in financial crime fighter ThetaRay.
