News
  • Carmel Ventures

    Reduxio Systems inks $22.5 mln

    Hybrid storage company Reduxio Systems has raised $22.5 million in funding. C5 Capital led the round with participation from other investors that included Jerusalem Venture Partners, Carmel Ventures, Intel Capital and Seagate Technology.

    PRESS RELEASE

    San Francisco, CA (USA) and Tel Aviv, Israel – March 20, 2017 – Reduxio Systems, the innovation leader in storage and data management solutions for the enterprise with to-the-second BackDating™ recovery capability, announced it has secured $22.5 million USD of its Series C funding in a round anticipated to total up to $32 million USD. The round was led by London-based C5 Capital (“C5”), a specialist investment manager focused on cyber security, data analytics and cloud computing. This round more than doubles the amount of capital invested in the company, and will fund continued innovation and global marketing of the company’s leading software-defined storage platform.

    All previous investors, including Jerusalem Venture Partners, Carmel Ventures, Intel Capital and Seagate Technology also participated in this fundraising round for Reduxio, signaling their confidence and continued support for the company’s strategy to build the leading software platform both in the cloud and on premise. C5’s investment will complement the existing investor group with a specialist focus on cloud infrastructure and cyber security, as well as a strong network that will enhance Reduxio’s growing ecosystem of channel sales and technology partners.

    Mark Weiner, co-founder and CEO of Reduxio said, “The future of data storage and protection lies in delivering high performance, easy-to-use solutions designed for the rapidly coming era of hybrid IT – this is precisely why we started the company. Reduxio’s next generation architecture was purpose-built to address this challenge. Our vision and focus align perfectly with C5’s vision, and we welcome their unique expertise to the Reduxio team. This latest round of funding will allow us to continue our exponential growth to meet the needs of our rapidly growing customer base.”

    Marcos Battisti, Partner at C5 Capital and new board member of Reduxio said, “Now and again, investors encounter a top team in a new company with the potential to seriously disrupt a market. Reduxio is clearly one of those companies. Reduxio’s technology is reshaping the storage space as we know it. Its software-defined storage technology is built on top of truly unique and ground-breaking IP that provides tangible benefits to on premise, hybrid, and cloud-based customers. Its solution is also being widely seen as one of the key tools to fight the growing threat of ransomware attacks. My partners and I are very proud to be invested in a company as unique as Reduxio.”

    For more about Reduxio’s technology visit: http://www.reduxio.com/products/

    About Reduxio:
    Reduxio delivers high performance enterprise storage solutions with unique data management capabilities enabled by the Reduxio TimeOS™, a new storage operating system. Reduxio TimeOS™ puts data at the middle of its architecture and allows complete virtualization of all types of storage, delivering the most effective storage for the most demanding enterprise applications. Reduxio is backed by C5 Capital Cloud Partners, Jerusalem Venture Partners (JVP), Carmel Ventures, Intel (NASDAQ: INTC), and Seagate Technology PLC (NASDAQ: STX). Learn more at www.Reduxio.com and follow us on Twitter and LinkedIn.

  • Viola Growth | 20 Feb 2017

    Additional $20M in Funding Secured by Vatbox, a Leader in Automated Vat Recovery and Tax Management
    February 20, 2017 - VATBox, a recognized leader in global VAT recovery, today announced the successful completion of a $20 million financing round. The investment by Target Global Fund – with the participation of existing investors Viola Private Equity and other private investors – brings the total equity raised since founding to $50 million. The financing will accelerate VATBox’s international expansion and the rollout of its innovative VAT solutions. 

    VATBox was founded in 2013 by CEO Isaac Saft and his partner Noam Guzman, both experienced entrepreneurs with broad experience in the global software market. Together with a team of more than 100 employees, VATBox has successfully streamlined the global VAT recovery process, providing businesses with unrivaled visibility, compliance and data integrity. Leveraging the cloud and utilizing full automation, VATBox provides complete control of a company’s VAT spend, while making the recovery process more productive and yielding higher returns. VATBox serves hundreds of multi-national corporations and Fortune 500 companies around the world, including Eli Lily, Danone, 3M, Nike, Dell, Amazon, and many others.

    Indirect taxation is a large market that suffers from limited solutions and few innovations. VATBox has succeeded where many successful companies have failed, thanks to unique technology that optimizes the VAT return process and ensures global regulatory compliance, giving businesses full control over their tax spend and recovery. Over the past several years, the FinTech company has earned wide coverage and recognition from many organizations, including ‒ MasterCard, Citi Bank, Red Herring, Finovate London and others.

    Commenting on the announcement, Shmuel Chafets, Partner at Target Global said, “Prior to the era of VATBox, companies were forced to forgo substantial VAT returns and were at risk for non-compliance. VATBox’s impressive client list is proof of the company’s achievements in less than tree years of sales. Apart from the immediate value inherent in the automation of VAT refunds, the company is positioned strategically to deal with the increasing complexity of international taxation. Investment in VATBox is in line with Target Global's strategy to invest in companies with the potential to become market leaders. We believe that within a few years VATBox’s services will become an integral part of the financial infrastructure for every international company.”


    Isaac Saft, VATBox CEO, added “This round of financing marks the completion of a challenging and exciting year full of achievements. We are proud of our list of new customers, in the financial returns they earned, and of course in the quality of the products and the added value that we supplied. We feel very fortunate for the opportunity to be active in such an immense market at the right time, providing innovation in the area of tax. We are very excited about the cooperation with Target Global and thank the existing stockholders for their continued support in the company.”

  • Viola Credit | 17 Feb 2017

    Viola Credit Announces 4 Deals in a total value of 100 million NIS.

    Viola Credit, the credit arm of Viola Group – Israel’s premier technology oriented private equity investment group – has announced the completion of four venture lending deals ranging between 14-40 million NIS each, totalling around 100 million NIS.

    Viola Credit provided credit facilities to the following companies: Ctera, a cloud storage enablement company for enterprises, Feedvisor, the world's first algorithmic repricing and revenue intelligence platform for online retailers, Cloudyn, which helps enterprises to fully realize their cloud potential by optimizing hybrid, multi-cloud deployments, and TradAir, which provides front office optimization solutions for financial institutions. All four companies are experiencing accelerated levels of growth and have previously raised substantial funding rounds from leading VCs.

    “Viola Credit portfolio companies are ‘ripe’, in the sense that they are ready to take significant strides forward – faster”, said Timor Arbel-Sadras, General Partner at Viola Credit. We are always happy to support outstanding teams and become their “growth partners”, with a smart funding option that allows them to “step on the gas” and achieve next-level growth strategies such as global expansion, acquisition of competing or complementary companies, etc.” Timor added, “The scope of investment in Israeli high-tech companies is steadily growing despite a global slow-down, largely thanks to more reasonable company valuations locally. The more mature companies in Israel are successfully raising larger financing rounds than in the past, and this is enabling them to build even larger companies. The funding we offer at Viola Credit is a very attractive option in the current market conditions because it allows companies to increase their cash flow for acquisitions and organic growth at a lower price, and with less dilution for both the founders and their investors. Viola Credit specializes in providing unique solutions that are tailor made for each company based on its requirements and capabilities, all the while supporting the companies with flexibility and patience as they continue their journey towards building larger, more significant companies.” 

    About Viola Credit

    Viola Credit, founded in 2000, is Israel’s leading lending fund. Viola Credit offers equity based loans to growing companies in the technology market. Led by a team of credit, banking, operational, and technology experts, Viola Credit is poised to provide companies with tailor-made flexible financing solutions designed to meet their specific needs.

    With over $600 million in deployments, Viola Credit, managed by Ruthi Simha, Timor Arbel-Sadras and Uri Galai, has completed over 100 lending transactions and has seen over 20 exits to date. Among portfolio companies are Colorchip, Clicktale and Telit.  For more information, please visit www.violacredit.com   

     

Our People and Companies

About

Viola Group, with over $2.5 Billion under management, is Israel’s premier technology oriented private equity investment group.

Viola Group aims to provide long term, world-class returns by identifying and pursuing attractive investment strategies in the vibrant Israeli technology and industry market. Viola Group is comprised of focused separate independent best of class partnerships including Carmel Ventures – a top tier Venture Capital fund; Viola Credit – a leading equity-based lending fund; Viola Growth – technology focused growth capital and buyout fund; and Viola Partners – an exclusive investment fund mainly for private investors. Each partnership operates independently while enjoying access to market and technology research and insights, global tier-one investors, superior investment opportunities, a global industrial network, and access to leading management and investment talent.The partnerships identify, partner with and actively support leading entrepreneurs and high potential, growth-oriented enterprises and investment funds.The group funds have invested in over 120 technology companies. Viola Group is backed by leading global institutional investors from all over the world.

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