Genesis Partners

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Genesis Partners
IndustryVenture capital
Founded1996; 27 years ago (1996) [1]
Headquarters
Herzliya
,
Israel
Websitewww.genesispartners.com

Genesis Partners is an Israeli venture capital firm, founded in 1996 by Eddy Shalev and Eyal Kishon.[2]

Overview

Genesis Partners investment strategy is focused on early-stage Israeli innovation-driven technology companies. The company invests in communications & wireless technologies, infrastructure software & hardware, enterprise software, internet applications and services, digital media, consumer applications and services, mobile applications and services. Genesis has over $20 billion in assets under management and has invested in over 300 companies.[3]

In 2011, Genesis Partners launched The Junction, Israel's first open house for entrepreneurs.[4] Entrepreneurs who are selected to work on their venture at The Junction for six months, before ending their experience in a Demo Day to Israeli angel investors and venture capital firms.[citation needed]

The firm's partners include Eddy Shalev, Eyal Kishon, Gary Gannot, Jonathan Saacks and Hadar Kiriati.[2]

In 2016, three members of the senior investment team, including Jonathan Saacks and Eddy Shalev, spun out with a seed stage fund, F2 Venture Capital, and took over management of The Junction.[5] In 2019, Insight Venture Partners announced purchasing a majority of the portfolio of Genesis Partners fourth fund named Genesis Partners IV.[6]

Portfolio companies

  • Any.DO – Developer of task management mobile apps[citation needed]
  • Aternity – User Experience Management solutions
  • DaPulse – Social communication tool for improving the internal information-sharing processes within an organization[7] (now renamed to Monday.com)
  • Discretix – Security solutions for mobile devices and flash-based storage
  • EatWith – community marketplace that invites people to dine in other homes
  • Homeis – social networking app for immigrants[8]
  • Innovid[citation needed]
  • JoyTunes[3]
  • Radwin – Broadband wireless connectivity solutions.
  • Riskified – a company that reviews, approves and guarantees high risk credit card transactions for online merchants.[9]
  • Sckipio Technologies – A semiconductor company focused on the ITU standard, G.fast.[10]
  • Sisense – End-to-end business intelligence software
  • SponDoolies –Tech build infrastructure technology for virtually mining cryptocurrency such as Bitcoin.[11]
  • Valens Semiconductor – Fabless manufacturing company providing semiconductor solutions for the development of HDBaseT devices.[12][13]

Exits

  • Allot Communications (IPO) – provider of IP service optimization solutions for service providers, carriers, and enterprises
  • Appilog (acquired by Mercury Interactive) – application mapping technologies
  • AudioCodes (IPO) – designs, develops, and sells advanced Voice over IP (VoIP) and converged VoIP and Data networking products and applications to service providers and enterprises[3]
  • Butterfly VLSI (acquired by Texas Instruments) – developed low cost chipsets that enabled RF wireless communications[14]
  • ClickSoftware Technologies (IPO) – develops software solutions for workforce optimization, allowing companies to efficiently coordinate the dispatch of field service technicians to customer locations
  • ColBar LifeScience (acquired by Johnson & Johnson) – develops, manufactures, and commercializes biosurgical products[15]
  • Compugen (IPO) – develops and markets bioinformatics software platforms and engages in in silico drug discovery
  • eToro – a social trading and multi-asset brokerage company that focuses on providing financial and copy trading services[citation needed]
  • FilesX (acquired by IBM) – storage software company that specializes in continuous data protection with near-instant recovery software for applications and data[16]
  • FIS Software – Software solution for the Insurance industry, acquired by Sapiens International Corporation[17]
  • Fundtech (IPO) – designs, develops, markets, and supports client/server products for electronic payments[18]
  • Jeeng (formerly PowerInbox) – AI-powered autonomous marketing platform[19]
  • Kidaro (acquired by Microsoft) – provider of desktop virtualization solutions for enterprises[20]
  • Modem Art (acquired by Agere Systems) – developer of advanced processor technology for 3G/UMTS mobile devices[21]
  • Neebula Systems (acquired by ServiceNow) - business service monitoring (BSM) platform for virtualized data center environments[22]
  • Octalica (acquired by Broadcom) – home networking solutions over coaxial cable
  • Optonol (acquired by Alcon) – devices for ophthalmologic applications[23]
  • PrimeSense developer of 3D sensing technology, acquired by Apple Inc. for $350 million on November 24, 2013.[24]
  • ProSight (acquired by Primavera) – enterprise IT portfolio management software[citation needed]
  • Scopus Video Networks (IPO) – end-to-end digital video networking products [25]
  • SolarEdge (IPO) – provides an intelligent inverter solution that has changed the way power is harvested and managed in solar photovoltaic systems [26]
  • Wintegra (acquired by PMC-Sierra) – multiprotocol semiconductors for broadband access networks [27]
  • Worklight (acquired by IBM) – Mobile application platform software [28]
  • Yedda (acquired by AOL, renamed to AOL Answers) – community-driven question and answer service[citation needed]

See also

References

  1. ^ "Insight Venture Buys Portfolio From Israel-Based Venture Firm Genesis Partners". Calcalist.
  2. ^ a b "Genesis Partners". Genesis Partners. Retrieved 2012-07-04.
  3. ^ a b c Wenkert, Amarelle (2019-02-26). "Insight Venture Buys Portfolio From Israel-Based Venture Firm Genesis Partners". CTECH - www.calcalistech.com. Retrieved 2021-08-17.
  4. ^ "Home for entrepreneurs". The Junction. Retrieved 2012-07-04.
  5. ^ Kolodny, Lora (December 1, 2016). ""Genesis Partners spins out $50 million fund, F2 Capital, to back early-stage startups in Israel"". TechCrunch. p. 1. Retrieved August 12, 2022.
  6. ^ Wenkert, Amarelle (2019-02-26). "Insight Venture Buys Portfolio From Israel-Based Venture Firm Genesis Partners". CTECH - www.calcalistech.com. Retrieved 2021-09-11.
  7. ^ "DaPulse Website".
  8. ^ Blum, Brian (2019-12-15). "Israeli expat in NYC creates website to help immigrants". ISRAEL21c. Retrieved 2021-08-17.
  9. ^ "Riskified Official Website".
  10. ^ "Sckipio Technologies Raises $17M In Series B Funding". December 9, 2014.
  11. ^ "Spondoolies-Tech official website". Archived from the original on 2014-12-16.
  12. ^ .HDTV transmission startup raises $7 million, Peter Clarke, EE Times, 7/17/2007
  13. ^ Valens Semiconductor Seals $14M Archived 2016-06-17 at the Wayback Machine, PE Hub Network – The Community for Professionals in Private Capital; July 6, 2011
  14. ^ "TI to Acquire Butterfly VLSI, Ltd". Ti.com. 1999-01-20. Retrieved 2012-07-04.
  15. ^ "ColBar LifeScience Ltd.: Private Company Information - Businessweek". Investing.businessweek.com. 2006-07-06. Retrieved 2012-07-04.
  16. ^ "IBM Acquires FilesX". 01.ibm.com. 2011-11-30. Retrieved 2012-07-04.
  17. ^ Sapiens, IDIT and FIS Sign Definitive Agreement to Merge; Merged Company to Become a Major Global Insurance Solutions Provider, July 21, 2011, PRNewswire
  18. ^ "Leaders in Global Transaction Banking Solutions Home". Fundtech. Archived from the original on 1996-12-23. Retrieved 2012-07-04.
  19. ^ "PowerInbox Secures $6.5M A Round". Jeeng. Retrieved 2021-08-17.
  20. ^ "Microsoft to Expand Investment in Desktop Virtualization With Acquisition of Kidaro". Microsoft. December 8, 2012. Retrieved 2014-05-03.
  21. ^ "Agere Systems acquires Modem Art a Leading Developer of 3gumts Processors". PR Newswire.
  22. ^ "ServiceNow acquires Neebula". ServiceNow. Archived from the original on 2015-05-04.
  23. ^ "Optonol reaping 180m from a device the size of a grain of rice". Haaretz.
  24. ^ Apple Confirms Acquisition of 3-D Sensor Startup PrimeSense
  25. ^ "Scopus Video Networks on Nasdaq". Nasdaq.
  26. ^ "126 Million Dollar IPO Solaredge". Cleantechnica. March 30, 2015.
  27. ^ "PMC Sierra acquires Wintegra". PMC Sierra. Archived from the original on 2015-04-30.
  28. ^ "Worklight Acquisition". IBM.

External links

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