Jerusalem, April 16th, 2018 – Jerusalem Venture Partners (JVP), a leading Israeli Venture Capital fund, today announced that it is expanding its team welcoming Gadi Porat as Partner and Head of the JVP Cyber Labs. Gadi is joining JVP after having led Israel’s AT&T Foundry, the American multinational conglomerate’s accelerator which identifies the next generation of leading companies in the fields of communications and media.
In the past,Gadi was one of the leaders of live communications company; Interwise, acquired by AT&T in late 2007. A veteran of the Israeli Hi-Tech industry, Gadi brings to the role extensive experience in the world of software delivery and start up management having also led AT&T’s Innovation Program.
Gadi will take over the leadership of the JVP Cyber Labs in Beer Sheva from Yoav Tzruya who was promoted to the role of General Partner in January this year, and will also focus on supporting JVP’s main fund as well as the group’s international activities. Gadi will contribute from his experience to JVP’s seed and early stage investments, as well as in guiding, support and assisting entrepreneurs in building businesses and global strategy with a view to building international disruptors.
Erel Margalit, JVP Founder and Chairman said, “We are extremely excited to welcome Gadi as a Partner in our team. His experience in building companies and connecting them to world class customers as well as his track record stand to be a strong complement to the JVP team and strategy. We look forward to working together as we continue to identify and build the next wave of industry leaders.”
Commenting on his new role, Gadi Porat said: “I am excited to join JVP and have the opportunity to be a Partner in one of the world’s leading venture capital funds, having built some of Israel’s leading international market leaders. I look forward to joining the team and playing a role in discovering and investing in great, disruptive young companies who are prime for significant growth”.
Yoav Tzruya, JVP General Partner said: “After we established the tech echo-system and our cyber center of excellence in Beer Sheba, I pass the torch to Gadi, who will lead the JVP Cyber labs to new horizons. I am happy to continue the export of JVP’s winning model to established businesses and to the international arena of tech and innovation.”
About Jerusalem Venture Partners (JVP):
Jerusalem Venture Partners (JVP), is an internationally renowned venture capital fund based in Israel. Established in 1993 by Dr. Erel Margalit, JVP has raised to date $1.3 billion across 8 funds, and has been ranked numerous times by Preqin as one of the top-ten consistently performing VC firms worldwide. JVP has built over 120 companies, leveraging a broad network of partners and market expertise to help companies to become global market leaders. Among the pioneering firms of the Israeli venture capital industry, JVP has been instrumental in building some of the largest companies out of Israel, facilitating 12 Initial Public Offerings on NASDAQ and numerous industry sales. With a view to building industry leaders, JVP invests in early through growth stage companies in the spaces of Cyber-Security, Big Data, Fintech, Enterprise Software, Storage, Mobile, Media and IoT.