Jerusalem Venture Partners is the only Israeli fund on the list, chosen from among thousands of venture capital funds.
Israeli fund Jerusalem Venture Partners (JVP) is one of the 50 most active venture capital funds in the world, according to a list published in Forbes magazine. Also appearing on the list are Benchmark Capital, British fund 3i, Accel Partners, the Carlyle Group, HarbourVest Partners, JP Morgan Partners, Warburg Pincus Equity Partners, Softbank, and Japan Associated Finance Co. (JAFCO).
The list was chosen from thousands of venture capital funds around the world. JVP is the only Israeli fund on the list.
JVP manages four funds, with a total of $660 million, and is currently investing the fourth, which has $404 million in capital. JVP focuses on companies in the early stages, in enterprise networks, fabless semiconductors, and enterprise software. The fund has offices in Jerusalem, New York, and London.
Managing partner Erel Margalit founded JVP in 1993. The fund currently has five general partners: Glen Schwaber, Laurel Bowden, Michael Carus, Zeljka Matutinovic, and Margalit. JVP's investors include Boeing (NYSE: BA), France Telecom (NYSE: FTI), Infineon Technologies (NYSE, XETRA: IFX), Nortel Networks (NYSE: NT), Reuters, GIC, AXA, JAFCO, Merrill Lynch investment arm Invesco, Horsley Bridge Partners, HarbourVest Partners, the government of Singapore, Mitsui of Japan, the Massachusetts Institute of Technology (MIT), Columbia University, the Technion - Israel Institute of Technology, and the Hebrew University of Jerusalem.
JVP's most prominent exits include Chromatis, sold to Lucent Technologies (NYSE: LU); Precise Software Solutions (Nasdaq: PRSE); Fundtech (Nasdaq: FNDT); Jacada (Nasdaq: JCDA); Netro (Nasdaq: NTRO); and Scorpio Communications. JVP's active portfolio includes Cyoptics, Cyber-Ark Software, Celltick Software Technologies, MagniFire, CellGlide, and XMPie.