Viola Credit announces 4 deals at a total value of 100 million NIS
Viola Credit, the credit arm of the Viola Group, has announced the completion of four venture lending deals ranging between 14-40 million NIS each, totaling 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.”