Genesis Partners

Genesis Partners is an Israeli venture capital firm, founded in 1996 by Eddy Shalev and Eyal Kishon.[2]

Genesis Partners
IndustryVenture capital
Founded1996 (1996) [1]
Headquarters
Herzliya
,
Israel
Websitewww.genesispartners.com

Overview

Genesis Partners investment strategy is focused on early-stage Israeli innovation-driven technology companies. The company invests in communications & wireless technologies, infrastructure software & hardware, enterprise software, internet applications and services, digital media, consumer applications and services, mobile applications and services. Genesis has over $20 billion in assets under management and has invested in over 300 companies.[3]

In 2011, Genesis Partners launched The Junction, Israel's first open house for entrepreneurs.[4] Entrepreneurs who are selected to work on their venture at The Junction for six months, before ending their experience in a Demo Day to Israeli angel investors and venture capital firms.

The firm's partners include Eddy Shalev, Eyal Kishon, Gary Gannot, Jonathan Saacks and Hadar Kiriati.[2]

In 2016, three members of the senior investment team, including Jonathan Saacks and Eddy Shalev, spun out with a seed stage fund, F2 Venture Capital, and took over management of The Junction.[5] In 2019, Insight Venture Partners announced purchasing a majority of the portfolio of Genesis Partners fourth fund named Genesis Partners IV.[6]

Portfolio companies
  • Any.DO – Developer of task management mobile apps
  • Aternity – User Experience Management solutions
  • DaPulse – Social communication tool for improving the internal information-sharing processes within an organization[7] (now renamed to Monday.com)
  • Discretix – Security solutions for mobile devices and flash-based storage
  • EatWith – community marketplace that invites people to dine in other homes
  • Homeis – social networking app for immigrants[8]
  • Innovid
  • JoyTunes[3]
  • Radwin – Broadband wireless connectivity solutions.
  • Riskified – a company that reviews, approves and guarantees high risk credit card transactions for online merchants.[9]
  • Sckipio Technologies – A semiconductor company focused on the ITU standard, G.fast.[10]
  • Sisense – End-to-end business intelligence software
  • SponDoolies –Tech build infrastructure technology for virtually mining cryptocurrency such as Bitcoin.[11]
  • Valens Semiconductor – Fabless manufacturing company providing semiconductor solutions for the development of HDBaseT devices.[12][13]

Exits
  • Allot Communications (IPO) – provider of IP service optimization solutions for service providers, carriers, and enterprises
  • Appilog (acquired by Mercury Interactive) – application mapping technologies
  • AudioCodes (IPO) – designs, develops, and sells advanced Voice over IP (VoIP) and converged VoIP and Data networking products and applications to service providers and enterprises[3]
  • Butterfly VLSI (acquired by Texas Instruments) – developed low cost chipsets that enabled RF wireless communications[14]
  • ClickSoftware Technologies (IPO) – develops software solutions for workforce optimization, allowing companies to efficiently coordinate the dispatch of field service technicians to customer locations
  • ColBar LifeScience (acquired by Johnson & Johnson) – develops, manufactures, and commercializes biosurgical products[15]
  • Compugen (IPO) – develops and markets bioinformatics software platforms and engages in in silico drug discovery
  • eToro – a social trading and multi-asset brokerage company that focuses on providing financial and copy trading services
  • FilesX (acquired by IBM) – storage software company that specializes in continuous data protection with near-instant recovery software for applications and data[16]
  • FIS Software – Software solution for the Insurance industry, acquired by Sapiens International Corporation[17]
  • Fundtech (IPO) – designs, develops, markets, and supports client/server products for electronic payments[18]
  • Jeeng (formerly PowerInbox) – AI-powered autonomous marketing platform[19]
  • Kidaro (acquired by Microsoft) – provider of desktop virtualization solutions for enterprises[20]
  • Modem Art (acquired by Agere Systems) – developer of advanced processor technology for 3G/UMTS mobile devices[21]
  • Neebula Systems (acquired by ServiceNow) - business service monitoring (BSM) platform for virtualized data center environments[22]
  • Octalica (acquired by Broadcom) – home networking solutions over coaxial cable
  • Optonol (acquired by Alcon) – devices for ophthalmologic applications[23]
  • PrimeSense developer of 3D sensing technology, acquired by Apple Inc. for $350 million on November 24, 2013.[24]
  • ProSight (acquired by Primavera) – enterprise IT portfolio management software
  • Scopus Video Networks (IPO) – end-to-end digital video networking products [25]
  • SolarEdge (IPO) – provides an intelligent inverter solution that has changed the way power is harvested and managed in solar photovoltaic systems [26]
  • Wintegra (acquired by PMC-Sierra) – multiprotocol semiconductors for broadband access networks [27]
  • Worklight (acquired by IBM) – Mobile application platform software [28]
  • Yedda (acquired by AOL, renamed to AOL Answers) – community-driven question and answer service

See also

References
  1. "Insight Venture Buys Portfolio From Israel-Based Venture Firm Genesis Partners". Calcalist.
  2. "Genesis Partners". Genesis Partners. Retrieved 2012-07-04.
  3. Wenkert, Amarelle (2019-02-26). "Insight Venture Buys Portfolio From Israel-Based Venture Firm Genesis Partners". CTECH - www.calcalistech.com. Retrieved 2021-08-17.
  4. "Home for entrepreneurs". The Junction. Retrieved 2012-07-04.
  5. Kolodny, Lora (December 1, 2016). ""Genesis Partners spins out $50 million fund, F2 Capital, to back early-stage startups in Israel"". TechCrunch. p. 1. Retrieved August 12, 2022.
  6. Wenkert, Amarelle (2019-02-26). "Insight Venture Buys Portfolio From Israel-Based Venture Firm Genesis Partners". CTECH - www.calcalistech.com. Retrieved 2021-09-11.
  7. "DaPulse Website".
  8. Blum, Brian (2019-12-15). "Israeli expat in NYC creates website to help immigrants". ISRAEL21c. Retrieved 2021-08-17.
  9. "Riskified Official Website".
  10. "Sckipio Technologies Raises $17M In Series B Funding". December 9, 2014.
  11. "Spondoolies-Tech official website". Archived from the original on 2014-12-16.
  12. .HDTV transmission startup raises $7 million, Peter Clarke, EE Times, 7/17/2007
  13. Valens Semiconductor Seals $14M Archived 2016-06-17 at the Wayback Machine, PE Hub Network – The Community for Professionals in Private Capital; July 6, 2011
  14. "TI to Acquire Butterfly VLSI, Ltd". Ti.com. 1999-01-20. Retrieved 2012-07-04.
  15. "ColBar LifeScience Ltd.: Private Company Information - Businessweek". Investing.businessweek.com. 2006-07-06. Archived from the original on May 1, 2011. Retrieved 2012-07-04.
  16. "IBM Acquires FilesX". 01.ibm.com. 2011-11-30. Retrieved 2012-07-04.
  17. Sapiens, IDIT and FIS Sign Definitive Agreement to Merge; Merged Company to Become a Major Global Insurance Solutions Provider, July 21, 2011, PRNewswire
  18. "Leaders in Global Transaction Banking Solutions Home". Fundtech. Archived from the original on 1996-12-23. Retrieved 2012-07-04.
  19. "PowerInbox Secures $6.5M A Round". Jeeng. Retrieved 2021-08-17.
  20. "Microsoft to Expand Investment in Desktop Virtualization With Acquisition of Kidaro". Microsoft. December 8, 2012. Retrieved 2014-05-03.
  21. "Agere Systems acquires Modem Art a Leading Developer of 3gumts Processors". PR Newswire.
  22. "ServiceNow acquires Neebula". ServiceNow. Archived from the original on 2015-05-04.
  23. "Optonol reaping 180m from a device the size of a grain of rice". Haaretz.
  24. Apple Confirms Acquisition of 3-D Sensor Startup PrimeSense
  25. "Scopus Video Networks on Nasdaq". Nasdaq.
  26. "126 Million Dollar IPO Solaredge". Cleantechnica. March 30, 2015.
  27. "PMC Sierra acquires Wintegra". PMC Sierra. Archived from the original on 2015-04-30.
  28. "Worklight Acquisition". IBM.
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