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Third Israeli Partner Leaves Eric Schmidt’s Venture Fund Innovation Endeavors

In August, Innovation Endeavors merged with Israel-based venture capital firm Marker

Meir Orbach 17:1121.05.18
Venture capitalist Ziv Kop is leaving Innovation Endeavors, a venture capital firm owned by former Google CEO Eric Schmidt, a spokeswoman for the company said Monday. Mr. Kop is the third partner to leave the firm since October 2017, when Liat Aaronson and Yuval Shachar both left the company.

 

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In August, Innovation Endeavors merged with Israel-based venture capital firm Marker LLC.

 

Owner of Innovation Endeavors Eric Schmidt. Photo: Bloomberg Owner of Innovation Endeavors Eric Schmidt. Photo: Bloomberg

 

Mr. Schmidt, a founding member and the main backer of Innovation Endeavors, visited Israel this weekend.

 

Innovation Endeavors is currently raising $300 million for a new investment fund, which is nearing closure. Established in 2010, the firm operates from offices in New York, Silicon Valley, and Herzliya, a town in the Tel Aviv metropolitan area. Portfolio companies include Uber, content distribution company Taboola Inc., pathogen-detection startup Karius Inc. and marketing startup Yotpo Ltd.
Innovation Endeavors is looking forward to collaborating with Mr. Kop in the future, a spokeswoman for Innovation Endeavors wrote in an email to Calcalist. Co-founder Dror Berman and operating partner Daniel Goldstein will continue to lead the firm’s Israeli team, she added.

 

Prior to joining Innovation Endeavors in 2017, Mr. Kop was a managing partner at GlenRock Israel Ltd., where he led investments in New York-listed automotive chip company Mobileye, later acquired by Intel, and crop design company Evogene Ltd. Mr. Kop’s portfolio companies include Israeli online content promotion company Outbrain, New Jersey-headquartered cloud backup startup OwnBackup Ltd. and Nasdaq-listed medical device company Kamada Ltd.
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