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  • 22 Oct 2014

    Carmel Ventures Fund IV Closes on $194 Million

    New Fund to Continue Carmel Strategy of Backing Visionary Israeli Entrepreneurs Focused on Building Leading Global Technology Companies

    Tel Aviv, October 22, 2014. Carmel Ventures, a leading Israeli venture capital firm and a member of the Viola Group, today announced the final closing of its latest investment fund, Carmel Ventures IV (“Fund IV”), with total commitments of $194 million. Fund IV, like its predecessor funds, will be invested in early-stage transformative technology companies in high growth sectors that include enterprise software, data center infrastructure, big data, cyber security, FinTech, digital media and consumer applications.

    Carmel began investing out of the new fund in January 2014 and has made investments in PlayBuzz,   LuckyFish and three other promising early stage technology companies.

    Fund IV was raised with equity commitments from global institutional investors that include a significant number of return investors as well as selected new investors. In addition, several leading Asian strategic investors have joined the new fund including Baidu, Ping-An, and Qihoo360 amongst others. Fund IV is led by six partners; Shlomo Dovrat, Avi Zeevi, Ori Bendori, Ronen Nir, Daniel Cohen and Itzik Avidor. As in previous funds, Fund IV includes a significant equity investment by Carmel’s General Partners and affiliates.

    “Technology entrepreneurs and the venture industry in Israel have become more focused on building significant companies. Carmel has been at the forefront of these developments and is involved with several world class companies coming out of Israel,” said Kathryn Mayne, Managing Director of Horsley Bridge Partners. “We value our strong relationship with Carmel Ventures and are pleased to continue our successful partnership with them in Fund IV.”

    “We are delighted to be making our first investment in an Israeli Venture fund with Carmel Ventures,” said Daniel Tu, Group Chief Innovation Officer at Ping An Group of China. “Carmel offers us reliable access to Israeli innovation and we look forward to partnering with them.”

    “Building global, significant Israeli technology companies is what we’re passionate about at Carmel," said Shlomo Dovrat, Co-Founder and General Partner at Carmel Ventures. “We are committed to backing visionary Israeli entrepreneurs who aspire to transform industries and markets on a global scale, and build world class companies. We hope to back those teams early on and be helpful to them as they scale up. We are fortunate to work with many exceptional entrepreneurial teams; companies such as ironSource, Outbrain and Payoneer are transforming entire industries, generating significant revenues and have become global leaders.”

    Today, Carmel Ventures manages over $800 million of investor capital and is invested in 35 active companies.


    About Carmel Ventures:

    With over $800 million currently under management, several successful exits, and a growing portfolio of promising companies, Carmel is among Israel’s top-tier venture capital funds. Founded in 2000 by pioneers and leaders of the Israeli high tech industry, Carmel provides significant capital and active support through the growth cycle of its portfolio companies and is recognized as a true company building fund in Israel.

    Carmel is a member of the Viola Group, Israel’s premier technology-focused PE group with over $2B under management. For more information, visit www.carmelventures.com.

  • 21 Oct 2014

    Demand for Enterprise-Grade Continuous Quality Solutions Drives Perfecto Mobile’s Best Quarter Ever

    Perfecto Mobile, the leader in mobile app quality, today announced the best quarter in the company’s eight-year history – with the acquisition of over 110 new customers, unprecedented sales volume and dramatic increases to its job rolls.

    "Perfecto Mobile continues to lead the way in the multibillion dollar mobile app quality market. The company provides a highly scalable, proven solution to customers trying to adapt to the constantly changing mobile market,” said Liron Gitig, FTV Capital partner. “The continued strong company growth and blue chip customer acquisition reinforces our decision to invest in Perfecto Mobile.”

    Perfecto Mobile signed over 110 new customers within the past three months, and currently hosts a customer base that includes 1,500 organizations across the banking, insurance, retail, telecommunications and media industries, including the top names in Fortune 100/500.

    In the past year alone, the company doubled its workforce and opened a sixth business office in Germany. The company is looking to continue its growth next quarter by adding more than 20 positions across the organization before the end of the year.

    Perfecto Mobile also generated significant momentum in its partner channel. It now has 75 partners including technology leaders, prominent Global System Integrators, and emerging growth partners. New partners recently added include CloudBees, Neotys, Automation Consultants and FDS Networks.

    Perfecto Mobile executives attributed the company’s continued growth to the increased importance of integrating testing earlier in today’s enterprise environments. Perfecto Mobile ensures the quality of applications and improves the time to market for enterprise customers.

    “Enterprises need to accelerate their development lifecycles without compromising on the quality of their applications,” said Eran Yaniv, CEO of Perfecto Mobile. “Perfecto Mobile is the proven leader for mobile app quality because we enable Dev/Test teams to adopt an agile methodology and meet this shift in the market. Our mission has always been to provide our customers with the best technology to deliver quality apps that exceed end users’ expectations. Our continued growth is a reflection of meeting the mission of superior end user engagement and providing a solution that matches the demand in the market.”

    It has been a banner year for the company already. Perfecto Mobile has received 10 awards in 2014 including the 2014 SD Times 100, Red Herring Top 100 North America, The Mobility Tech Zone Product of the Year, Network Products Guide 2014 Hot Companies, On Demand Top 100 “Ones to Watch” and CTO Yoram Mizrachi was an Ernst & Young Entrepreneur of Year award finalist.

    Perfecto Mobile is transforming the way enterprise organizations go mobile, enabling them to develop, test, deploy and monitor their mobile applications and services and go-to-market with confidence. Perfecto Mobile’s cloud-based MobileCloud™ Platform and end-to-end mobile app quality product suite enables users to remotely access a large selection of real mobile devices connected to local cellular networks around the world and leverage them throughout the mobile application delivery lifecycle – from development, functional and performance testing to monitoring and support. The MobileCloud™ is available either in an enterprise private cloud or a sharable public cloud environment.

    More than 1,500 customers, including the top Fortune 100/500 across the banking, insurance, retail, telecommunications and media industries rely on Perfecto Mobile to optimize mobile time-to-market, customer engagement, risk mitigation and costs and continuously serve their mobile users with confidence.

    For more information on how Perfecto Mobile can help you confidently test, deploy and monitor your mobile apps, visit www.perfectomobile.com and follow us on Twitter: @PerfectoMobile


  • 20 Oct 2014

    First International Bank of Israel Becomes First to Offer Online Personalized Guidance To Both Investment and Banking Account Clients

    TEL AVIV & NEW YORK--()--Personetics, a provider of online Personalized Guidance solutions to the global consumer banking industry, announced today that one of its customers, the First International Bank of Israel (FIBI), is the first bank to deploy a holistic, personalized guidance solution covering both Investments and banking relationships.

    “By building the most advanced predictive analytics available right into FIBI’s digital channels, we’re able to help their customers make better financial decisions across their banking and investment portfolios”

    “By building the most advanced predictive analytics available right into FIBI’s digital channels, we’re able to help their customers make better financial decisions across their banking and investment portfolios,” said David Sosna, CEO of Personetics. “We’re very excited by this deployment, which is the first time we’ve provided guidance that covers the entire product and service relationship with the customer.

    According to Ella Golan, Head of banking division and executive vice president at First International Bank: “Our view of the service is that it’s an innovative, new approach that enables us to better guide and help our customers. Personalized guidance isn’t another sales tool. Rather, it’s a smart personal assistant that learns what the customer needs and adapts accordingly.”

    FIBI and its subsidiaries are utilizing Personetics’ flagship Smart Assistant® solution, which draws from customers’ banking transactions, credit card activity, investment portfolios and other data to provide relevant insights across banking and investment accounts. By incorporating Personetics Smart Assistant technology, customers using FIBI’s online website will receive prompts that engage them across a broad range of important topics. These might include alerting a customer to recent activity with new merchants, highlighting a portfolio change, or providing useful tips -- such as how to avoid foreign exchange fees when traveling.

    How does it work? Each time a FIBI customer logs in, the new service will analyze that customer’s activities across all their accounts and holdings, and then present a simple view of the most relevant, useful and timely insights. To achieve this, the technology deploys highly sophisticated predictive analytics and relevancy scoring. The solution performs to up-to-date (real-time) analysis of both banking and portfolio-related activity and uses a proprietary learning and prioritization algorithm to tailor the response to specific customer needs.

    About Personetics

    Recently named by Gartner as a 2014 “Cool Vendor” and by the American Banker/BTN as a “Top 10 FinTech Company to Watch”, Personetics (www.personetics.com) is a leading provider of personalized customer guidance solutions for the financial services industry. Backed by Sequoia Capital, Lightspeed Venture Partners and Carmel Ventures, the company has offices in New York, London and Tel Aviv.

    About First International Bank of Israel

    FIBI is among Israel’s five largest banking groups and a leading player in capital markets activities. With assets of over NIS 100 billion ($30 Billion) FIBI serves both market professionals and private customers via a branch network of over 180 branches, dealing rooms, specialized investment advice centers and digital channels.



    J. Roderick, Inc.
    John Roderick, 631-584-2200

  • 27 Oct 2014

    Carmel GP @coheda on stage at @OzenBar in #TLV for @globesnews and @leumitech's Calcala Al HaBar/כלכלה על הבר http://t.co/wJIHa4fDrZ
  • 24 Oct 2014

    RT @giladdevries: Content marketing tools: an industry expert reveals the best http://t.co/hyXEnR0SF6 [OB mentioned]
  • 22 Oct 2014

    @HilzFuld thanks a lot!!!

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Carmel Ventures  is a venture capital firm, empowering early stage start-ups to become category leaders 

Founded in 2000, Carmel Ventures is managing approximately $600M across three funds. As Israel’s top tier VC firm, we invest in Israeli or Israeli related early stage companies and build global category leaders. Carmel invests across a number of key market segments including: software, new enterprise infrastructure, big data, digital media, consumer applications and semiconductors.

  Our team approaches the investment as a proactive, hands-on endeavor. Carmel Ventures typically leads or co-leads investments and take an active role on the Board of Directors while keeping a low ratio of companies per partner. With strong M&A and IPO experience, the Carmel team has backed a disproportional share of Israel’s category leaders that generate over $50M in annual revenues, including: Outbrain, ironSource, Payoneer, myThings and more.

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