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Viola Ventures
Viola Ventures is an Israeli venture capital firm co-founded by Shlomo Dovrat and Avi Zeevi, managing over $2B across early-stage tech investments.
Viola Ventures
Viola Ventures was established in 2000 as the venture arm of Viola Group, a private investment platform founded by Shlomo Dovrat and Avi Zeevi. The firm was originally known as Carmel Ventures before rebranding to Viola Ventures in 2016, reflecting its integration into the broader Viola ecosystem. Its wealth originates from institutional limited partners, including pension funds and foundations, not a single family office. The firm focuses on early-stage technology companies, primarily in Israel and sometimes in the US. Its portfolio includes notable companies such as Outbrain, which went public in 2021, and digital health startup Ibex Medical Analytics. Viola Ventures typically leads seed or Series A rounds with $2M–$10M checks, with capacity to follow on through later stages via dedicated growth funds. Sector preferences span enterprise software, fintech, cybersecurity, digital health, AI/ML, and climate tech. Viola Ventures manages over $2B in committed capital across multiple funds, with a team of about 30 investment professionals based in Tel Aviv, Herzliya, New York, and San Francisco. In 2023, the firm raised Viola Ventures V, a $350M fund dedicated to early-stage Israeli tech (per press reports, 2023). The firm operates under Viola Group, which also includes private equity arm Viola Credit and real estate investments. A key structural differentiator is Viola Ventures' position within Viola Group, a multi-asset platform that provides portfolio companies access to later-stage capital, credit, and operating resources. This architecture allows Viola Ventures to offer startups a "house of funds" model, bridging early-stage venture with growth equity and private credit under one umbrella.
General information
Firm type
Venture Capital
Year founded
2000
AUM
Undisclosed
Location
Region
Middle East
Country
Israel
City
Tel Aviv
Corporate office
Tel Aviv, Israel
Additional offices
Herzliya · New York · San Francisco
Principals
Shlomo Dovrat
Co-Founder and General Partner
Avi Zeevi
Co-Founder and General Partner
Sector focus
Frequently asked questions
Who makes investment decisions at Viola Ventures?
Investment decisions are led by general partners Shlomo Dovrat and Avi Zeevi, who co-founded the firm. The broader team includes about 30 professionals across offices in Tel Aviv, New York, and San Francisco, with partners covering enterprise software, fintech, and cybersecurity sectors.
How does Viola Ventures source deal flow?
Viola Ventures leverages its network within Israel's tech ecosystem, including relationships with accelerators, universities, and corporate R&D centers. The firm also benefits from referrals by portfolio founders and co-investors, and from Viola Group's broader platform which includes private equity and credit arms.
Is Viola Ventures a single-family office?
No. Viola Ventures is a venture capital firm within Viola Group, a multi-asset investment platform. It does not manage capital for a single family; its limited partners are institutional investors such as pension funds and endowments.
Does Viola Ventures participate in fund commitments or only direct deals?
Viola Ventures focuses exclusively on direct investments in early-stage companies. It does not make fund-of-funds commitments. The firm leads or co-leads most of its deals and takes board seats in portfolio companies.
What investment stages does Viola Ventures target?
Viola Ventures targets seed through Series A rounds, with initial check sizes typically between $2 million and $10 million. The firm reserves capital for follow-on investments in later stages, but does not typically lead growth rounds.
Which sectors does Viola Ventures explicitly avoid?
Viola Ventures does not publicly disclose a list of avoided sectors, but its disclosed investments concentrate on B2B technology. It generally avoids consumer internet, biotech, and hardware-intensive startups that require large capital expenditures.
How is Viola Ventures related to Viola Group?
Viola Ventures is the venture capital arm of Viola Group, an Israeli private investment platform founded by Shlomo Dovrat and Avi Zeevi. Viola Group also includes Viola Credit (private credit), Viola Growth (growth-stage investments), and real estate holdings. The firms operate independently but share resources and investment insights.
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