Evergreen Venture Partners
Description
Evergreen Venture Partners was a prominent Israeli venture capital firm, established in 1996, specializing in early-stage and emerging growth technology companies primarily within Israel. Over its active investment period, the firm successfully raised and managed four distinct funds, accumulating approximately $680 million in committed capital. These funds included Evergreen Partners I ($80 million, 1996), Evergreen Partners II ($150 million, 1998), Evergreen Partners III ($250 million, 2000), and its final fund, Evergreen Partners IV ($200 million, 2007).
The firm's investment strategy focused on identifying and nurturing innovative Israeli tech startups across various sectors, including enterprise software, semiconductors, communications, and digital media. Historically, Evergreen Venture Partners typically deployed initial investments ranging from $3 million to $10 million, with the capacity for significant follow-on funding as portfolio companies scaled. Their portfolio boasted several highly successful exits, including the IPOs of Check Point Software Technologies and Mellanox Technologies (later acquired by NVIDIA for $7 billion), as well as the acquisition of Given Imaging by Covidien.
Despite its impressive track record and significant contributions to the Israeli tech ecosystem, Evergreen Venture Partners ceased making new investments around 2010-2012, with its last known investment being in Wix.com in 2010. The firm is now largely inactive in terms of new deal flow, primarily managing its legacy portfolio and facilitating exits. Many of its former partners have since transitioned to other leading venture capital firms, marking the end of its active investment phase.
Investor Profile
Evergreen Venture Partners has backed more than 59 startups, with 0 new investments in the last 12 months alone. The firm has led 7 rounds, about 12% of its total and boasts 32 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series Unknown, Series B, Series C rounds (top funding stages).
- Majority of deals are located in United States, Israel.
- Strong thematic focus on Software, Mobile, Internet.
- Typical check size: $3M – $10M.
Stage Focus
- Series Unknown (25%)
- Series B (19%)
- Series C (17%)
- Series A (12%)
- Series D (12%)
- Series E (5%)
- Private Equity (3%)
- Series F (3%)
- Series G (2%)
- Seed (2%)
Country Focus
- United States (59%)
- Israel (41%)
Industry Focus
- Software
- Mobile
- Internet
- Telecommunications
- Real Time
- Information Technology
- Hardware
- Semiconductor
- Security
- Advertising
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