Jul 26, 2001 : JVP to Invest $350m in Israeli Startups
📅 - Jerusalem Venture Partners (jvpvc.com) said Tuesday it is initiating a $350 million fund for communications and Web startups seeking first-round financing, following a trend of investment into young Israeli companies.
The JVP IV fund will provide approximately $15 million per company over thelife of the fund, with investments ranging from approximately $5 million fora software company to around $10million to $15 million for large equipmentmakers.
"Israel has great technologies and has one of the highest ratios oftechnologists per capita in the world," Glen Schwaber, a general partnerwith JVP's New York office, told CNET News. "There are a lot oftechnologists that have come from the universities, military andmultinational corporations that have set up development centers there." JVP works within the telecommunications and Internet industries, usuallyinvesting in fiber-optics companies, as well as storage area networking,wireless, and Web hosting enterprises. The venture capital firm typicallyfocuses on companies with access to North American, European, and East Asianmarkets, companies such as Quarry Technologies, an IP services equipmentmaker, and Magnifire, a Web content routing-system developer.
JVP says they have been putting more money into first-round investments thanthey have in the past, as it has become more difficult for companies toraise money in shorter time spans.
The venture firm is hoping to eventually raise upward of $500 million forJVP IV, which is expected to close in September. Among the fund's investorsare France Telecom, Boeing, Nortel Networks, Columbia University, andMerrill Lynch Ventures.
The JVP IV fund will provide approximately $15 million per company over thelife of the fund, with investments ranging from approximately $5 million fora software company to around $10million to $15 million for large equipmentmakers.
"Israel has great technologies and has one of the highest ratios oftechnologists per capita in the world," Glen Schwaber, a general partnerwith JVP's New York office, told CNET News. "There are a lot oftechnologists that have come from the universities, military andmultinational corporations that have set up development centers there." JVP works within the telecommunications and Internet industries, usuallyinvesting in fiber-optics companies, as well as storage area networking,wireless, and Web hosting enterprises. The venture capital firm typicallyfocuses on companies with access to North American, European, and East Asianmarkets, companies such as Quarry Technologies, an IP services equipmentmaker, and Magnifire, a Web content routing-system developer.
JVP says they have been putting more money into first-round investments thanthey have in the past, as it has become more difficult for companies toraise money in shorter time spans.
The venture firm is hoping to eventually raise upward of $500 million forJVP IV, which is expected to close in September. Among the fund's investorsare France Telecom, Boeing, Nortel Networks, Columbia University, andMerrill Lynch Ventures.
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