Israeli VC firm Carmel Ventures raises $235M for third fund

February 5, 2008 | Matt Marshall

Carmel Ventures, an Isreali venture capital firm, said it has established its third fund, Carmel Ventures III, with commitments of $235 million.

Carmel Ventures III General Partners are: Shlomo Dovrat, Avi Zeevi, Rina Shainski and Ori Bendori.

Carmel Ventures III will follow the Carmel Ventures investment strategy of focusing on seed and early stage Information Technology investments. Carmel ventures will continue to invest in and support potential category leaders in various fields of the global Information Technology including: Software, Internet, Semiconductors, Communications, Mobile & Wireless and Storage.

Carmel Ventures III investors include leading global institutional investors who are investors in Carmel Ventures previous funds such as: J.P. Morgan, Horsley Bridge, A Leading Asian Government Agency, Grove Street Advisors representing Calpers (California Employees’ Retirement System), the Oregon Public Employees Retirement Fund and a private family office, The Partners Group, LGT Capital Partners, VPartners, NY State/Hamilton Lane, Goldman Sachs, Pomona Capital, Vintage Venture Partners, Wilshire, HRJ Capital, Bonora and SiemensVenture Capital. In addition, several leading global investors including HarbourVest, FLAG, Portfolio Advisors, and Knightsbridge have joined Carmel Ventures’ investors.

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.