Deals

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

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.