Concord Ventures

Concord Ventures was an Israeli venture capital firm that played a significant role in the country's burgeoning technology ecosystem during the late 1990s and early 2000s. Based in Herzliya, the firm primarily focused on providing capital, strategic guidance, and industry connections to early-stage Israeli technology entrepreneurs. Concord Ventures successfully raised two distinct funds: Concord Ventures I, which closed with $20 million, and Concord Ventures II, which secured $30 million, bringing their total capital under management to $50 million.

The firm's investment thesis centered on identifying promising technology companies across various sectors within Israel. Over its active period, Concord Ventures made a total of 17 investments, demonstrating a commitment to nurturing nascent tech ventures. Their portfolio included companies that achieved significant milestones, such as V-Secure Technologies, which was later acquired by Radware, and Xacct Technologies, which saw an acquisition by Amdocs. Another notable success was Optibase, which pursued an initial public offering (IPO), showcasing Concord Ventures' ability to back companies with strong growth potential and viable exit strategies. The firm reported 6 successful exits from its portfolio, indicating a reasonable success rate for its vintage.

While Concord Ventures was a notable player in the Israeli VC landscape of its time, its investment activity appears to have ceased. The last recorded investment by the firm was in 2005, and there is no public indication of new fundraises or ongoing investment operations. Consequently, Concord Ventures is not considered an active venture capital firm for new opportunities in the current market. Prospective entrepreneurs seeking capital should note that this firm is no longer making new investments, and its historical focus and check sizes are not indicative of current market activity.