Viola Ventures

Viola Ventures

Viola Ventures was established in 1999 as the first independent Israeli venture capital firm, co-founded by Shlomo Dovrat. It grew out of the Dovrat family's legacy of building technology companies, including Dovrat Computing and ECI Telecom. The firm is part of the Viola Group, which also manages Viola Credit, Viola Growth, and Viola Fintech. The firm invests across early stage (seed and Series A) through growth equity, with a concentrated portfolio of roughly 25 active companies. Sectors of focus include Enterprise Software, AI/ML, Data & Analytics, Cybersecurity, FinTech, Digital Health, Infrastructure, and DeFi & Blockchain. Notable investments include Checkmarx (acquired by PE-backed Helix), Bizzabo, Viaccess-Orca, and Ariat Software. Geographically, Viola Ventures invests primarily in Israel but also maintains exposure to US and European markets. Viola Ventures manages approximately $2B in assets (per public record) and employs about 30 professionals across offices in Tel Aviv and Herzliya. The firm is a limited partner in other VC funds and has co-invested alongside PE sponsors including SoftBank Vision Fund and Insight Partners. In 2023, Viola Ventures expanded its fintech vertical with a dedicated investment mandate and increased its Series B+ allocation. Viola Ventures is structurally distinct as the flagship vehicle within the broader Viola Group ecosystem, which offers investors access to a continuum of capital — from seed to growth to credit. This structure enables the firm to retain portfolio companies longer than typical early-stage VCs and to lead larger rounds without requiring external co-leads.