Carmel Ventures, one of Israel's leading Venture Capital firms, announced today the establishment of Carmel Ventures III with commitments of $235 million.
Carmel Ventures III General Partners are: Shlomo Dovrat, Avi Zeevi, Rina Shainski and Ori Bendori.
INFO SOURCES
Carmel Ventures
FIRMS
Founded in 2000 by pioneers and leaders of the Israeli high tech industry, Carmel Ventures, with over $600 million under management, is one of Israel's leading venture capital funds focused on Information Technology investments.
Led by former entrepreneurs and executives of the software and communications industries, Carmel provides active, hands-on support to its portfolio companies. Carmel headquartered in Herzliya, Israel and enjoys a worldwide network of industry, strategic and investment resources. Carmel provides significant capital and support through the growth cycle of its portfolio companies and is recognized as a true company building fund in Israel. Carmel's current portfolio is comprised of some of the most promising companies in their respective domains and they are led by an outstanding group of entrepreneurs.
Carmel is an affiliate of the Viola Partners Group, a leading innovative private equity investment group with over $1.5B under management focused on technology-based growth opportunities in Israel.
FUND FOCUS
Carmel Ventures III will follow the Carmel Ventures investment strategy of focusing on seed and early stage Information Technology investments. Carmel ventures will continue to invest in and support potential category leaders in various fields of the global Information Technology including: Software, Internet, Semiconductors, Communications, Mobile & Wireless and Storage.
INVESTORS INCLUDE
Carmel Ventures III investors include leading global institutional investors who are investors in Carmel Ventures previous funds such as: J.P. Morgan, Horsley Bridge, A Leading Asian Government Agency, Grove Street Advisors representing Calpers (California Employees' Retirement System), the Oregon Public Employees Retirement Fund and a private family office, The Partners Group, LGT Capital Partners, VPartners, NY State/Hamilton Lane, Goldman Sachs, Pomona Capital, Vintage Venture Partners, Wilshire, HRJ Capital, Bonora and Siemens Venture Capital. In addition, several leading global investors including HarbourVest, FLAG, Portfolio Advisors, and Knightsbridge have joined Carmel Ventures' investors.
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