Carmel Ventures

Carmel Ventures

Enabling Mutual Success
Type	Private
Industry	Venture capital
Founded	2000
Founder	Shlomo Dovrat, Avi Zeevi
Headquarters	Herzliya, Israel
AUM	USD 800 million
Number of employees	~30
Website	www.viola-group.com/carmelventures.html

Carmel Ventures, established in 2000, is an Israeli venture capital fund with over $800 million under management.^[1] Carmel is focused on early stage companies in the fields of software, software as a service, financial technology, Internet, media, communications, semiconductors, and consumer electronics.

Carmel Ventures is a member of the Viola Group, a private equity investment group with over $2.5B under management,^[2] focused on technology-based investment opportunities in Israel. Shlomo Dovrat was a founder.

Companies

Adapteva[3] CellSavers[4] Cellwize[5] Clarizen Cloudyn[6] CrediFi CoolaData[7] enSilo EverCompliant

IronSource Kampyle (software) Lightricks LiveU LuckyFish MultiPhy MyThings Optimal Plus

Outbrain Pagaya Payoneer Perfecto Mobile Personetics Playbuzz RealMatch Redis Labs Reduxio

Samanage Seebo[8] Splacer SundaySky Tapingo Tonara TradAir Worthy[9]

Exits

Company	Industry	Description	Initial Investment Date	Exit
Followap	Communications	Presence-based and Instant Messaging (IM) solutions to Mobile Operators	2001	Acquired by NeuStar in 2006 for $139M[10]
Actimize	Enterprise Software	Brokerage compliance, anti-money laundering, and fraud prevention	2001	Acquired by NICE Systems in 2007 for $280M[11]
ECI Telecom	Communications	Networking Infrastructure Equipment	2002	Acquired by Swarth Group in 2007 for $1.25B[12]
CopperGate	Communications	Home Networking Company	2005	Acquired by Sigma Designs in 2009 for $180M[13]
Snaptu	Mobile	Mobile Applications	2010	Acquired by Facebook in 2011 for $70M[14]
Oversi Networks*Wanova	Communications	rich-media caching and content delivery solutions	2004	Acquired by Allot Communications in 2012 .[15]
DesignArt Networks	Communications	Small cell modem and system design for cellular base stations	2005	Acquired by Qualcomm in 2012 .[16]
Wanova	Communications	desktop virtualization software	2009	Acquired by VMWare in 2012.
Shunra Software	Software	Network virtualization solutions for software testing	2004	Acquired by HP in 2014.[17]
Kontera	Digital Advertising	Content activation platform	2007	Acquired by Amobee in 2014 for $150M .[18]
Red Bend Software	Software	Mobile Software Management (MSM)	2000	Acquired by Harman in 2015.[19]
eXelate Media	Digital Advertising	Advertising Data	2007	Acquired by Nielsen N.V. in 2015.[20]
cVidya Networks	Telecommunications	Revenue assurance, Fraud management,	2004	Acquired by Amdocs in 2016 for $30 million[21]

External links

• Carmel Ventures Homepage
• Viola Group Homepage
• Viola Notes Blog

References

1. Catherine Shu, October 12, 2014 "Carmel Ventures Raises $194M From Investors Including Baidu", TechCrunch, October 2014.
2. Eran Peer, February 21, 2012 "Goldman Sachs buys 10% of Viola Group", Globes, February 2012.
3. "Adapteva raises $3.6M for the ‘most energy efficient’ parallel computing chips", VentureBeat, January 16, 2014.
4. "CellSavers Raises $15 Million From Sequoia Capital and Carmel Ventures", VentureBeat, August 18, 2016.
5. Roy Goldenberg, December 2, 2015 "Israeli mobile optimization co Cellwize raises $24.5m", Globes.
6. "Cloudyn Raises $11 Million in B-Round Led by Carmel Ventures", Yahoo! Finance, December 14, 2015.
7. " Yaneev Avital, Geektime, Jul 28, 2016
8. "Seebo Raises $8.5 Million Funding Round Led By Carmel Ventures to Make IoT Simple for Product Companies", PR Newswire, February 2, 2016.
9. "Worthy Raises $8M in B Round led by Carmel Ventures", PR Newswire, October 22, 2015.
10. "NeuStar Buys Followap for $139M". Light Reading. 28 Nov 2006.
11. Nice Systems to acquire Actimize - Reuters, July 2, 2007, retrieved 2009-10-09
12. Swarth Group purchases ECI
13. Dean Takahashi (October 14, 2009). "Sigma Designs buys home-networking chip maker CopperGate for $160M". VentureBeat. Retrieved August 1, 2011.
14. Arthur, Charles (21 March 2011). "Facebook buys mobile startup Snaptu: Social networking site's latest acquisition enables people to use smartphone-like applications on simpler 'feature' phones". The Guardian.
15. Allot posts 43% revenue rise; buys Oversi Networks, Globes, 31 July 2012
16. Shah, Agam (August 23, 2012). "Qualcomm Buys 'small Cell' Provider DesignArt Networks". IDG News Service. Retrieved June 6, 2014.
17. HP acquired the network virtualization business and technology of Shunra
18. Amobee Buys Adconion For $235M And Kontera For $150M In Consolidation Play
21. Amdocs Completes Purchase of cVidya