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Viola Ventures Conviction Fund I GP, L.P.
Viola Ventures is the venture capital arm of Viola Group, founded in 2000 by Jonathan Saacks, Harel Beit-On, and others.
Viola Ventures Conviction Fund I GP, L.P.
Viola Ventures is the venture capital arm of Viola Group, founded in 2000 by Jonathan Saacks, Harel Beit-On, and others. The group emerged from the Israeli technology ecosystem and has grown into a multi-strategy investment platform. Viola Ventures launched the Conviction Fund I as a dedicated vehicle for later-stage, high-conviction investments, distinct from the earlier-stage flagship funds. The fund targets enterprise software, cybersecurity, and deep tech, with a focus on growth-stage companies in Israel and Europe. Publicly disclosed portfolio companies include Riskified (per Riskified's IPO filings, 2021), WalkMe, and Lightricks, though specific Conviction Fund I holdings are not individually detailed. The fund employs a direct investment approach, co-investing alongside other Viola Group vehicles and external GPs on a deal-by-deal basis. Geographic emphasis spans North America and Europe as secondary targets. Viola Group manages over $3B in total assets across its venture, growth, and credit platforms (per the firm's official communications, 2023). The Conviction Fund I is one of several vehicles; others include Viola Ventures (early-stage VC), Viola Growth, and Viola Credit. The fund's team size is undisclosed, but Viola Group employs roughly 50 professionals across offices in Tel Aviv and New York. A recent operational event: In 2023, Viola Ventures led a funding round for security firm Orca Security (per Orca Security's press release, 2023), though not confirmed as Conviction Fund I activity. What distinguishes Viola Conviction Fund I is its mandate to make larger, concentrated bets in later-stage companies within Viola's existing network, leveraging the group's sourcing infrastructure and local expertise in Israel. The fund does not operate as a single-family office but as a dedicated private equity-style vehicle within a broader institutional platform, with governance separate from Viola Group's credit and early-stage operations.
General information
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Asset Manager
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AUM
Undisclosed
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Frequently asked questions
What stage does Violas Conviction Fund I target?
The fund targets later-stage, growth-equity investments, typically in companies that have achieved product-market fit and are scaling. This is distinct from Viola Ventures' early-stage flagship funds.
How does Conviction Fund I relate to Viola Group's other vehicles?
Conviction Fund I is a separate vehicle focused on high-conviction later-stage deals, while Viola Ventures manages earlier-stage VC, Viola Growth handles growth equity, and Viola Credit runs private credit strategies (per Viola Group official communications, 2023).
Which sectors does the fund focus on?
Publicly, the fund targets enterprise software, cybersecurity, and deep tech — core sectors of Viola Group's portfolio. Holdings include companies like Riskified and WalkMe, though specific Conviction Fund I positions are not itemized.
Does the fund make direct investments or fund-of-funds commitments?
It makes direct, concentrated equity investments in later-stage private companies. It also participates in co-investments alongside other Viola Group funds and occasionally with external institutional partners.
What geographic markets does the fund cover?
Primary focus is Israeli technology companies, with secondary exposure in Europe and North America. The fund leverages Viola Group's Tel Aviv and New York offices.
Who leads investment decisions?
Investment decisions are made by the Viola Ventures investment committee, which includes founding partners Jonathan Saacks and Harel Beit-On. Specific Conviction Fund I allocation is not publicly detailed.
What is the fund's structure?
It is structured as a Delaware limited partnership (GP/LP), typical for institutional private equity vehicles. The fund is likely a closed-end vehicle, though exact terms are not publicly disclosed.
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