![]() semiconductor maker Avago for $400 million last year, EMC's acquisition of flash storage firm XtremIO for $430 million in 2012 and the $1 billion IPO of QlikTech on Nasdaq in 2010.Įntrepreneurs from across Israel are lining up for JVP funding, especially those in the cybersecurity and data storage sectors, where the fund has built a niche and Israel's military-backed innovation leads the world. That follows a string of other recent "exits", including the sale of CyOptics to U.S. With JVP holding nearly 40 percent of the stock, the deal earned investors a nominal gain of $335 million. Last week, shares in cybersecurity firm Cyberark, which JVP has been building up for over a decade, surged after their initial public offering on Nasdaq, rising 85 percent in three days to value the company at around $880 million. Jerusalem Venture Partners has picked a string of high-tech winners over the years despite its location away from the rest of Israel's flourishing industry, which is largely based on the Mediterranean coast north of Tel Aviv. JERUSALEM, Oct 1 (Reuters) - Within sight of Jerusalem's Old City stands a modernist building housing one of Israel's most successful venture capital firms, the backer of scores of start-ups over the past 20 years that have generated nearly $18 billion for investors. * Firm has invested around $1 billion in scores of start-ups * Jerusalem Venture Partners launched in 1993 * JVP-backed Cyberark listed on Nasdaq last week
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