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Israeli enterprise capital agency Viola Ventures has introduced the closing of its $250 million sixth fund. This brings Viola’s belongings beneath administration to greater than $1.25 billion, solely devoted to early-stage investments.
Over time, Viola Ventures has supported among the most profitable expertise firms based in Israel, together with world class leaders ironSource, Payoneer, Redis, Verbit, Outbrain, Pagaya, Lightricks and Immunai.
Viola Ventures had a extremely profitable 2021, with eight of its portfolio firms reaching unicorn standing and past. Portfolio firm ironSource held asn IPO at a valuation of $11 billion and Pagaya has introduced its public itemizing at an $8.5 billion valuation. Viola Ventures, which was the primary institutional investor in each firms, recorded as much as a one hundred-fold return on these investments.
Viola Ventures normal accomplice Danny Cohen mentioned, “It’s not solely vital to put money into high-performing firms however to put money into them early. Our observe document proves that we all know learn how to determine excellent groups, aggressively be the primary cash, after which help them to unicorn standing and past. We’re assured that our sixth fund will assist develop the following era of market leaders.”
Viola Ventures’ new fund will put money into 25-30 early-stage (seed and A-round) firms. The fund will proceed to put money into these sector by which it has had constant success similar to fintech, vertical AI and deep tech, in addition to rising sectors similar to digital well being, next-gen enterprise infrastructure, SaaS 3.0, Net 3.0, and cybersecurity.
Viola Enterprise normal accomplice Omry Ben David mentioned, “The Israeli ecosystem has shattered its personal glass ceiling reaching 60 unicorns, 33 of them within the final 12 months. Viola Ventures invested lower than 0.5% of the capital deployed in Israel in 2021 and has -15% of Israel’s complete unicorns. The Israeli tech ecosystem is certainly evolving. Israeli entrepreneurs have rising aspirations and we’re seeing extra Israeli firms going public and staying impartial, thus controlling their very own future for longer.”
Viola Ventures not too long ago promoted Yael Alroy, a principal on the fund, to accomplice and appointed a devoted accomplice from the manager search trade, Jeff Shapiro, to help portfolio firms in constructing their world and native administration groups, a rising problem for Israeli startups as they scale.
The Viola Ventures funding workforce contains Shlomo Dovrat, Avi Zeevi, Daniel Cohen, Omry Ben David, Zvika Orron, Yael Alroy, Itzik Avidor, and Rotem Shacham.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on January 20, 2022.
© Copyright of Globes Writer Itonut (1983) Ltd., 2022.
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