Qumra Capital, a Tel Aviv, Israel-based late stage capital provider, announced the first closing of Qumra Capital II, with commitments of $115M mainly from existing investors of Qumra I.
Qumra intends to cap the fund at $150M.
Founded in 2014 by Erez Shachar, Boaz Dinte and Sivan Shamri Dahan, who have worked together at Evergreen Venture Partners, one of Israel’s leading Venture Capital funds, Qumra Capital provides growth capital to promising late stage companies that have moved beyond their research and development efforts, product development and market validation, and are looking to boost sales and marketing activities of their products and services.
The Qumra I portfolio includes successful market leading companies such as Fiverr, JFrog, Appsflyer, Riskified, Signals Analytics, Minute Media Eyeview and Sweet Inn.
The partners were joined by Daniel Slutzky who serves as the fund’s CFO and was previously Benchmark Israel’s Operating Partner and CFO.