JVP Is Raising a New $200-Million Fund
The fund is JVP’s eighth. The Jerusalem-based VC first announced its intention to raise a $168 million fund in February before modifying the target amount in a filing submitted on Tuesday
Israeli venture capital firm Jerusalem Venture Partners is raising a $200-million fund, which will be known as JVP VIII. The firm first announced its intention to raise a $168-million fund in February, but a filing with the U.S. Securities and Exchange Commission on Tuesday revealed that the target has increased.
According to the filing, JVP has already raised about $168 million from 24 different investors. One of the investors is Alibaba, a person familiar with the matter told Calcalist on condition of anonymity. The person said that Alibaba founder Jack Ma upped his company’s commitment during his visit to Israel in May.
Founded in 1993, JVP manages seven funds, which are valued at over $1.3 billion.
Erel Margalit. Photo: Orel Cohen