Viola Partners News
2 articles
growth-positive
Israel's Viola Group's Covert New China-Backed Tech Fund
China Investment Corporation (CIC) will be the keystone investor in a new $250 million fund, which will focus on Israeli companies with significant sales potential in the Chinese market. Viola Group is setting up the fund, and CICs involvement could raise challenges for Israeli companies due to increased scrutiny and restrictions on tech companies with Chinese backers. Baidu and Ping An Insurance Group Co of China Ltd are also backing the fund. The fund is targeting $250 million, with CIC expected to commit a quarter of the sum. The new fund will operate alongside Violas other funds, potentially causing issues with existing limited partners. Chinese investors have been increasing their direct investments in Israeli tech companies in recent years.
PartnersInvestment
growth-positive
Viola's Tips for Attracting Top Tech Talent
The Israeli venture capital group Viola Group conducted a survey among the human resources heads of its portfolio companies and found that 43% of Israeli companies are missing at least 10% of their required workforce. The tech industry in Israel is highly competitive for top talent, with the sector estimated to be missing at least 10,000 people. Viola Group shared insights for a more effective recruitment process, including paying attention to daily operations and transparency, keeping the interviewing process short and updating candidates after each stage, and investing in employee retention. The survey also revealed that 90% of Israeli companies have a friend referral recruitment program.
Expand
