Leading Israeli venture capital fund JVP has completed an additional sale of QLIK Technologies (NASDAQ: QLIK) shares selling a further $30mm of shares at a close to 47-times return on the initial investment. To date JVP has sold a majority of its holding in the leading Business Intelligence company QLIK for $390mm.

 

JVP initially invested in Sweden-originated QLIK in 2004. The company was listed in July 2010 for trading on NASDAQ based on a market capitalization of $770 million. The company's value has approached 3-fold since the IPO and is currently trading at a close to $2.5bn market capitalization.