Viola Ventures (fka Carmel Ventures), a Tel Aviv, Israel-based early stage tech venture capital firm, raised over $170m toward its fifth fund.
Limited Partners include a significant number of returning investors as well as selected new investors from the US, Asia, Europe and Israel. The final target of the fund, which will invest in Israeli or Israeli-related early stage companies, is $200m.
Viola Ventures has also broadened its partner’s team with the addition of Omry Ben David (formerly Senior VP at Goldman Sachs) and Zvika Orron (co-founder & former CTO of LifeBeam). They are joining Shlomo Dovrat, Avi Zeevi, Daniel Cohen, Ronen Nir and Itzik Avidor.
The team includes over 30 investment professionals and 40 support staff, and has invested in over 200 technology companies.
Founded in 2000, Viola Ventures manages over $1B across five funds. Its portfolio varies around a number of segments, including: enterprise, software/SaaS, AI, cloud infrastructure, FinTech, frontier technologies (automotive, IoT, AR/VR, drones), big data, digital media, consumer, semiconductors and more.
The firm is part of the Viola family, Israel’s largest tech investment group with $2.8B assets under management.