Israeli VC firm JVP closes $220m eighth fund

Erel Margalit Photo: Eyal Izhar

JVP VIII has attracted leading investors from across the US, Europe, and Asia, including Japan.

Israeli venture capital firm Jerusalem Venture Partners (JVP) today announced the closing of its latest fund, JVP VIII, with $220 million in commitments.

The new fund aims to invest in early through mid-stage technologies that are transforming key global markets, such as computer vision meets wellness, cybersecurity meets fintech and insurtech, artificial intelligence meets retail and media, big data meets healthcare IT, and many more.

JVP has investment hubs located in Jerusalem and Beersheva alongside universities and international corporations; and in New York in the recently launched Hub.NYC by JVP. Each of these hubs serve as centers of innovation and entrepreneurship, bringing together key global corporations, best academic minds and JVP’s investment team, identifying the next international market leaders.

JVP VIII has attracted leading 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, leading international insurance companies, endowments from universities and major global corporations, all of which turned to Israel’s tech ecosystem as a source of innovation.

JVP founder and executive chairman Erel Margalit said, “I am delighted to see young, as well as second time, entrepreneurs partner with business leaders from North America, Europe and the world over to advance new ideas and companies that are changing every category of business as we know it. Over the next decade, we’re going to see up to fifty percent 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 ended 2018 with nine new investments in emerging companies across tech categories like cybersecurity and big data.

The new fund also follows JVP’s expansion into New York City with the new cybersecurity investment hub, HUB.NYC by JVP, along with other public-private partnerships to further strengthen its innovation footprint around the world. JVP was selected to establish a cyber hub as part of the City of New York’s $100 million cybersecurity initiative, Cyber NYC. Hub.NYC is expected to open this spring and will support growth-stage startups by providing access to clients, business support, and investment.

Published by Globes, Israel business news - en.globes.co.il - on February 20, 2019

© Copyright of Globes Publisher Itonut (1983) Ltd. 2019

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Erel Margalit Photo: Eyal Izhar
Erel Margalit Photo: Eyal Izhar
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