Finjan (NASDAQ: FNJN) has been in Israel this week to participate in the Jerusalem Venture Partners (JVP) Annual Meeting as well as participating in the Cybertech 2015 conference in Tel Aviv which is recognized internationally. JVP is an international venture fund which was founded in the early 1990’s and is based in Israel.
JVP was originally focused on media and commerce technologies with its “JVP Media Labs” incubator and creation of the Jerusalem based Media Quarter. More recently JVP added cybersecurity investments with a newly opened incubator called the “JVP Cyber Labs” in Beer Sheeva, in partnership with the Ben-Gurion University. JVP is known for many notable companies that have exited the incubator in the past decade to US public exchanges such as NASDAQ creating $B’s in public market valuations. Most recently with CyberArk (NASDAQ: CYBR) and private sales including ExtremeIO’s next generation flash technology to EMC (NYSE: EMC) for more than $400M.
JVP’s newest fund, Fund VII, has a specific designated focus on cybersecurity which drew our attention in 2013. From the outset, we invested as a Strategic LP alongside Cisco Systems (NASDAQ: CSCO) to get the fund rolling. We learned shortly later that Qihoo 360 (NYSE: QIHU) was joining as a Limited Partner and as of this week we are pleased to welcome Alibaba (NYSE: BABA) into the investment family as first reported by the Times of Israel and picked up internationally by TechCrunch and the Wall Street Journal.
Get our next blog post in your email inbox?
Aside from providing capital to young entrepreneurs which you can find in Venture Capital investments around the world, we have a number of specific things we value in our relationship with JVP and alongside the other Limited Partner’s in the fund.
Israel as an already established based of highly educated, talented, young entrepreneurs. Many of whom serve in elite government units and work in cyber related fields as early as their teens and well into their military service before becoming available to work in the private sector.
Israel continues to support education initiatives as well as promoting – and sponsoring – innovation as managed by the Office of the Chief Scientist.
Israel entrepreneurs are imbued with a unique self-awareness that recognizes that technologies here need to be scalable to massive markets that exceed commercial viability in Israel, itself. They are as business savvy as they are technologically innovative, they are great listeners, and they have access to some of the best leadership and mentoring in the world.
JVP’s Cyber Labs incubator isn’t purely about financing companies and playing the odds hoping to realize successful exits. Instead it employs a thoughtful diligence process that provides its investors with information about portfolio investment opportunities where financing – in combination with – mentorship, relationships, technical guidance all combine to reduce the risks for investors and to put its portfolio investments on a path for success.
We are very happy to be a part of the JVP investment family in backing the next generation of innovative cyber tech companies.