Jerusalem Venture Partners Closes $220M Fund Backed By Global Investors

Jerusalem Venture Partners (JVP) announced on Wednesday the close of its latest fund, JVP VIII, with $220 million in commitments from international investors.

The fund will focus on investments in early through mid-stage technologies that are set to transform key industries and markets, “such as computer vision meets wellness, cybersecurity meets fintech and insurtech, artificial intelligence meets retail and media, big data meets healthcare IT,” JVP said in a statement.

JVP said the new fund drew investors from the US, France, Germany, Austria, Italy the UK, and Japan, including US and European government sovereign funds, international insurance companies, endowments from universities and major global corporations.

“I am delighted to see young, as well as second time, entrepreneurs partner with business leaders from North America, Europe and the world over to advance new ideas and companies that are changing every category of business as we know it,” said Dr. Erel N. Margalit, founder and executive chairman of JVP. “Over the next decade, we’re going to see up to fifty percent of the most well-known brands be surpassed and eventually displaced by a wave of disruptive companies –- many of whom are being launched today and in the near future.”

JVP operates investment hubs in Jerusalem, Beersheba, and most recently, New York, where it is launching a new cybersecurity investment hub, HUB.NYC by JVP, alongside other public-private partnerships to support growth-stage cyber startups by providing access to clients, business support, and investment.

Founded in 1993, JVP has raised $1.4 billion across nine funds to date.