Jerusalem Venture Partners was founded in 1993 by Erel Margalit, who had previously directed the Jerusalem Development Authority and brought a distinctly hands-on, ecosystem-building approach to venture capital from day one - JVP initially operated as one of Israel's first government-backed incubators before expanding into a global firm. That combination of capital and operational support, including startup hubs in Jerusalem, Be'er Sheva, and New York, produced one of Israeli tech's most consequential track records: the Series A investment in CyberArk that grew into a roughly 47% ownership stake ahead of its 2014 IPO, and the $4.8 billion sale of Chromatis Networks to Lucent Technologies in 2000, then the largest Israeli tech exit ever recorded. JVP now manages $2.18 billion across 10 funds, having invested in more than 150 companies.
CyberArk's 2014 Nasdaq IPO - JVP was the company's Series A investor and later increased its stake to roughly 47% via a Goldman Sachs-backed secondary transaction; CyberArk agreed to a $25 billion acquisition by Palo Alto Networks in 2025