Vertex Ventures Israel News
5 articles
growth-positive
"CyberArk founders were head and shoulders above the rest"
CyberArk, a cybersecurity company, was acquired by Palo Alto Networks for $25 billion. Vertex Ventures, an early investor in CyberArk, saw a significant return on its investment, having initially invested at a valuation of $22-24 million. The acquisition highlights CyberArks success in the cybersecurity sector, particularly in identity management. The article discusses the broader Israeli venture capital landscape and the countrys prominence in cybersecurity. It also touches on the importance of talent and education in fostering future tech successes. Vertex Ventures founder, Yoram Oron, reflects on the companys journey and the role of venture capital in Israels tech industry.
Acquired-by
growth-positive
Vertex Ventures raises $400 million for two new funds CTech
Israeli venture capital firm Vertex Ventures has raised two new funds totaling $400 million. Vertex VI is a $230 million early-stage fund, while Vertex Opportunity II is a $170 million fund designed to support companies as they scale. The firm invested $200 million across 15 new portfolio companies and 22 follow-on rounds in 2021. The aggregated ARR of its portfolio grew from $300 million to $550 million in 2021. Vertex has $1.3 billion in assets under management and 50 active portfolio companies.
InvestmentExpand
growth-positive
Vertex Ventures strikes $150 million deal with StepStone for fourth fund holdings
Vertex Ventures is selling a portion of its holdings in its fourth fund to StepStone Group for $150 million. The sale allows investors and partners to receive a return on their investment without waiting for startups to be acquired or go public. The deal provides a 100% return for early investors and reduces their level of risk. Vertex Ventures fourth fund includes promising unicorns such as OwnBackup, Verbit, Yotpo, and Axonius. StepStone previously signed a similar deal with Qumra Capital. Vertex Ventures was founded in 1987 and focuses on early-stage investments.
Investment
growth-positive
Vertex Ventures promotes Tami Bronner to Partner
Israeli venture capital firm Vertex Ventures has promoted Tami Bronner to Partner. Bronner joined the firm two years ago and has proven to be a valuable addition, driving improvements to deal flow and due diligence processes. Vertex Ventures was founded in 1997 and manages over $1 billion in funds, with a portfolio of 35 active companies including Dynamic Yield, Waze, and SolarEdge.
Management Changes
growth-positive
Siemens invests in Vertex Venture Capital
Vertex Venture Capital has raised $120 million out of a planned $150 million for its Vertex III Fund. Siemens Venture Capital has joined as an investor. Vertex invests in Israeli and Israel-related high technology companies in the early stages of development. Siemens Venture Capital is the corporate venture organization for Siemens AG and has invested in over 100 start-ups and 30 venture capital funds.
Investment
