Viola Ventures

Shlomo Dovrat, Harel Beit-On, and Avi Zeevi have led the partnership as co-founders and general partners since inception in 2000. In April 2023, Omry Ben David was promoted to general partner, expanding the investment committee beyond the founding team for the first time. All four sit on the investment committee and share decision-making authority across the fund's pipeline.

Viola Ventures is the venture capital arm of Viola Group, a multi-strategy investment platform founded by Shlomo Dovrat and partners that also includes Viola Credit (venture lending), Viola Growth (growth equity), and Viola Private Equity. Each entity operates with separate fund structures and limited partners, but portfolio companies can access capital across the group's vehicles at different stages of maturity without bringing in external financing partners.

The firm invests from seed through growth, with initial commitments typically between $2 million and $15 million. Approximately two-thirds of the fund's capital is reserved for follow-on investments, and the partnership frequently participates in Series C and D rounds of its strongest performers. The firm will lead rounds but also co-invests alongside US growth-stage firms including Sequoia, Insight Partners, and Battery Ventures.

Viola Ventures is sector-agnostic within enterprise technology but concentrates on deep-tech, enterprise software, AI/ML, fintech, cybersecurity, and digital health. Confirmed portfolio companies include IronSource, Payoneer, Lightricks, and Oversee. The firm avoids consumer internet, hardware, and life sciences therapeutics, preferring capital-efficient software and infrastructure models.

The firm sources through the extended Viola Group network, which touches over 100 active portfolio companies, dozens of exited founders, and an LP base that includes institutional investors in North America and Europe. The platform structure means the venture team sees later-stage companies earlier through Viola Growth's pipeline and can offer portfolio companies debt financing through Viola Credit, which creates a proprietary sourcing advantage compared to standalone venture firms.

The firm has completed more than 25 IPOs and M&A exits since 2000, including IronSource, which merged with Unity in a transaction that valued the company at $4.4 billion, and Payoneer, which went public via SPAC in 2021. Several additional portfolio companies have reached unicorn status and remain private, including Lightricks.

Yes. While Viola Ventures leads rounds and takes board seats in the majority of its early-stage investments, the firm regularly syndicates Series B and later rounds with US-based growth funds. Co-investors have included Battery Ventures, Insight Partners, and Sequoia across multiple portfolio companies. The firm does not operate a co-investor club or demand pro-rata rights from external leads.