Magma Venture Partners

Founding managing partners Yoram Oron and Modi Rosen lead investment decisions at Magma. Both have been with the firm since its founding in 1999, operating as a partnership-based general partnership rather than a hierarchical structure with a single CEO or CIO. The firm has not publicly disclosed a formal investment committee beyond the managing partners.

Magma's most visible exit is Waze, the crowdsourced navigation application acquired by Google in 2013. The transaction was publicly reported at approximately $1.1 billion. Onavo, a mobile analytics platform acquired by Facebook the same year, was another significant portfolio exit.

Magma's investment mandate is concentrated on Israeli-founded or Israel-headquartered technology companies. While portfolio companies operate globally, the firm's sourcing and initial investment activity have historically focused on the Israeli ecosystem.

Magma targets seed and early-stage investments, typically writing first or second institutional checks into Israeli technology companies. The firm leads or co-leads rounds and has maintained this stage focus across multiple fund cycles since 1999.

Magma operates as an independent venture capital partnership with no external parent, corporate sponsor, or single-family anchor. The general partnership structure has been consistent since founding, with Yoram Oron and Modi Rosen as managing partners across successive funds.

Magma invests across enterprise software, cybersecurity, artificial intelligence and machine learning, semiconductors, and mobility. The firm's portfolio spans deep technology categories, with historical investments in companies like Hailo (AI chips) and Innoviz Technologies (lidar sensors).

Yes, Magma has raised at least five venture funds. The firm's fifth fund closed in 2023 at $190 million (per the firm, 2023). Earlier funds included a $150 million fourth fund. Magma does not publicly disclose cumulative assets under management.