JVP Raises $25 Million Annex Fund to Support Existing Portcos

Jerusalem Venture Partners successfully raised $25 million for an annex fund to strengthen the portfolio companies in the Israel-focused JVP IV which closed in 2001.  The aim of the fund is to support existing investments by “enhancing their business propositions” and preventing premature sales in a downturn.

Will it work?

In the official press release, Erel Margalit, Managing Partner and Founder of JVP, said:

“JVP IV and its Annex Fund are able to create and develop companies with tens to hundreds of millions of dollars in revenues focusing on companies targeting the Media, Internet and end user markets. The Israeli Hi Tech industry has been unique in its ability to define new horizons and areas of activity, which could bring about major changes in the Web and media industries, drawing international and local investors to invest in these challenging times.”

Siano Mobile Silicon and Qlik Technologies were already identified as potential benefactors of the JVP Annex IV fund, for their prospects for growth and early signs of success.

2 Cents

If the IPO market recovers, the Annex Fund could serve as a life support oxygen pump, but JVP’s LPs will surely want to warrant that no good money is thrown after bad.

Eze Vidra
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Eze Vidra

Chief Innovation Officer at Antidote
Eze is the Chief Innovation Officer at Antidote, a startup helping patients search and match to clinical trial, to accelerate medical breakthroughs. Previously, Ezewas a General Partner at Google Ventures Europe. Before GV, Eze founded and led Campus London, Google's first physical hub for startups, and was the Head Google for Entrepreneurs in Europe. He's an experienced product manager and startup mentor. In 2012 Eze founded Techbikers, a non-for profit supporting children education in developing countries.
Eze Vidra
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Eze Vidra

Eze is the Chief Innovation Officer at Antidote, a startup helping patients search and match to clinical trial, to accelerate medical breakthroughs. Previously, Eze was a General Partner at Google Ventures Europe. Before GV, Eze founded and led Campus London, Google’s first physical hub for startups, and was the Head Google for Entrepreneurs in Europe. He’s an experienced product manager and startup mentor. In 2012 Eze founded Techbikers, a non-for profit supporting children education in developing countries.