JVP raises over $100 mln for one fund and $60 mln for another

According to a Form D SEC filing, Jerusalem Venture Partners has raised over $100 million for its seventh fund. The target for JVP VII is $120 million. Gadi Tirosh is listed as a general partner on the document. And, in a separate Form D SEC filing from the same venture firm but for a different fund, JVP has secured $60 million for JVP VII Cyber Strategic Partners. The target for this fund is $65 million.




VC-backed CyberArk Software debuts IPO

CyberArk Software, an Israeli provider of cybersecurity solutions, has launched its IPO of 5.36 million shares at $16 per share. The stock began trading Wednesday on the NASDAQ under the ticker symbol “CYBR.” J.P. Morgan Securities and Deutsche Bank Securities are serving as lead underwriters. The company’s backers include Jerusalem Venture Partners, Goldman Sachs and Vertex Venture Capital.


GE, JVP, Poalim and others back ThetaRay

ThetaRay, a provider of big data analytics solutions has closed a $10 million investment round. Existing investors General Electric, Jerusalem Venture Partners and Poalim Capital Markets participated, as well as new financial and strategic investors.


JVP backs database security firm GreenSQL

GreenSQL said Monday that it has raised $7 million in funding. Jerusalem Venture Partners led the round with participation from return backers that included Magma Venture Capital, Rhodium, Atlantic Capital Partners, Gandyr and 2Bangels. According to the firm, the capital will be used for expansion and growth. Based in Tel Aviv, GreenSQL is a provider of unified database security solutions for SMBs and the enterprise market.

CyOptics Is Acquired By Avago

Avago Technologies Limited said it will acquire CyOptics, Inc. for about $400 million in cash. The company makes a indium phosphide optical chip for data communications and counts Jerusalem Venture Partners as an investor.

Qualcomm Tech Buys EPOS Development Assets

Qualcomm Technologies said Friday it has acquired certain assets of EPOS Development. Financial terms were not announced. EPOS, of Hod Hasharon, Israel, develops ultrasound technologies for input solutions. EPOS is backed by Jerusalem Venture Partners, Walden Israel Venture Capital and Tel-Ad.

Jerusalem Venture Partners Releases IRRs For Three Funds

Jerusalem Venture Partners for the first time publicly released net IRRs for several of its funds, showing solid performance for a pair of 1990’s vintage funds. The firm, based in Israel, said its 1993 vintage JVP I generated an IRR of 54.2% and its 1997 vintage JVP II posted an IRR of 56.1%. The firm’s JVP IV, vintage 2000, has a net IRR of 3.4%.

Cyber-Ark Software Seals $40M

Goldman Sachs and Jerusalem Venture Partners have co-led a $40 million financing for Cyber-Ark Software. As part of the round, JVP’s Founder and Chairman Erel Margalit will be nominated chairman, and David Campbell, a vice president in the merchant banking division at Goldman Sachs, will join the board. Cyber-Ark makes security products designed to protect and manage “privileged accounts and sessions, critical applications and sensitive information,” the company says. Cyber-Ark is based in Newton, Mass.

XtremIO Extends Series B, Nets $19M

XtremIO, a maker of enterprise flash storage array, has closed its extended Series B round with $19 million. Based in San Jose, Calif., XtremIO is backed by Battery Ventures, Giza Ventures, Jerusalem Venture Partners and Lightspeed Venture Partners. As a result of the latest round, David Gussarsky of Lightspeed will take a seat on the company’s board. Since it was formed in 2009, XtremIO has raised a total of $25 million.

JVP Exits Navajo Systems with Salesforce Buy

Navajo Systems, an Israeli cloud encryption company started in the JVP Media Labs Incubator, has been acquired by Salesforce.com. JVP Media Labs is the in-house incubator of Jerusalem Venture Partners. Formed in 2009, Navajo developed a VPS cloud encryption gateway, which transparently encrypts SaaS application data before it is transmitted to a cloud provider. Terms of the deal were not released.

XtremIO Seals $14M Series B

XtremeIO, an Israeli developer of solid-state drive data storage systems, has closed on a $14 million venture round led by Battery Ventures. Shareholders Giza Venture Capital and Jerusalem Venture Partners also participated in the round, which is aimed at boosting product engineering efforts. XtremeIO closed an undisclosed amount of Series A financing in 2009.

Siano Mobile Silicon Inks $20M Expansion Round

Siano Mobile Silicon, a provider of mobile digital TV receiver chips, has raised $20 million in an expansion capital round led by Jerusalem Venture Partners. The financing will help the company bolster its product lines as well as extend its geographic presence in North America.

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