
Evergreen Venture Partners
25 Habarzel St., Tel Aviv, 69710, Israel
Overview
Evergreen was established in 1987 by Jacob Burak as one of Israel's first Venture Capital firms, and has grown into a leader, generating successful exits with tangible rewards for investors and entrepreneurs. Evergreen's current $650 million of venture capital funds under management invested in more than 120 technology companies represent one of the largest portfolios in Israel. Evergreen's investments are focused on early stage Israeli companies in three main fields: communications, software and healthcare. Their investments are positioned in different segments of each of these markets to comprise a well diversified and balanced portfolio of companies. A professional investment team with extensive field expertise guides and supports entrepreneurs and portfolio companies throughout their life cycle, helping them to build a good idea into a leading company. With each member coming from a different background and contributing distinctive benefits, the investment team delivers a unique set of technical, operational and strategic skills. Evergreen has established strong ties with technological markets, creating an eco-system, from which they extract knowledge, understanding of the market needs and at the same time creating a valuable network to support their portfolio companies. Evergreen sees its entrepreneurs as a key asset and therefore invests in the relationship to build a true partnership. Consequently many of Israel's successful serial entrepreneurs have approached Evergreen with their next venture. Evergreen team's disciplined investment strategy has been crystallized through more than 14 years of investment experience as a team and is one of the key elements responsible for Evergreen's high rate of successful exits resulting in superior returns. Evergreen is directed by deep values of shared responsibility, rich interaction and dialogue, and hard work - its guiding principles since inception. They strongly believe in the continuity of their corporate culture which emphasizes investment in human capital, disciplined processes, professionalism and true leadership.
- Total investments
- 12
- Lead investments
- 4
- Investments · 12mo
- 0
- Active investors
- 6
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- Quali
Participated · Series C · Dec 2018
Quali is an Austin, Texas-based cloud infrastructure automation company that offers the CloudShell platform to simplify cloud infrastructure and secure application development and deployment. In January 2021 the company raised $54M in funding. Led by CEO Lior Koriat, Quali serves enterprises across consumer electronics, telco, banking, technology and media. Customers mentioned in the article include Cisco, Microsoft, Dell, Verizon, multiple banks and cloud service providers. The company maintains offices in Tel Aviv and across the US, Europe and Asia. It plans to use the funds to expand its customer base, enable new partnerships, strengthen its market position, accelerate CloudShell innovation and grow the team. Led by CEO Lior Koriat, Quali provides automation and orchestration software that delivers environments-as-a-service for cloud, DevOps and security initiatives. Its CloudShell platform aims to improve productivity of dev/test engineering organizations, accelerate sales cycles for selling organizations and help security teams improve security and compliance posture. The company serves more than 200 customers worldwide, including several Tier-1 enterprises, service providers and technology vendors. In December 2018 Quali raised $22.5M in a Series C funding round. The company intends to use the funds to expand its U.S. sales footprint with new offices in Austin. Quali is headquartered in Santa Clara, California. QualiSystems provides CloudShell, an orchestration and automation platform enabling self-service, auto-provisioning and reclamation, and continuous integration across physical, virtual and public cloud infrastructure. The platform supports environments from bare metal to operations, development to deployment, and legacy to cloud and SDN. Led by CEO Lior Koriat, the company's solutions are deployed by hundreds of service providers, enterprises, government agencies, and technology manufacturers worldwide. The company received $8M in funding to support growth. QualiSystems intends to use the funds to grow customers and partnerships for its platform. The company is based in Santa Clara, CA.
- Siklu
Participated · Series D · Aug 2015
Siklu develops millimeter-wave (mmWave) wireless solutions used for video surveillance, Wi‑Fi backhaul and access to residential multi-dwelling units (MDU). The company also supplies connectivity for business customers and its products already cover thousands of fiber extensions for 3G/LTE telecommunications networks. Siklu is led by Co-Founder, Chairman and President Izik Kirshenbaum. The company is based in Fair Lawn, New Jersey and Petach Tikva, Israel. It intends to use recent financing to accelerate growth and improve its market position. The product focus and deployed base position Siklu to expand further in backhaul and access markets. Siklu delivers scalable, carrier-grade millimeter wave Gigabit Ethernet radio solutions for mobile backhaul, Carrier Ethernet business services, enterprise, and vertical applications. Its EtherHaul radios use a silicon-based millimeter wave design the company says can deliver gigabit speeds over uncongested spectrum while costing as little as 20% of competing systems and offering low total cost of ownership. Products incorporate on-board advanced networking capabilities and a miniature picocell architecture aimed at cost-effective 4G/LTE backhaul. The company reports hundreds of links deployed in Europe, initial trials in the U.S. and India, and design wins from leading mobile operators. Siklu will use the Series B proceeds to extend its picocell backhaul product line for 4G/LTE and beyond and to expand marketing and sales in the U.S. and Indian markets. It recently closed a $19M Series B to fund these plans. Founded/operating since 2008, Siklu is a Delaware company with R&D and operations near Tel Aviv, Israel.
- Taboola
Participated · Series D · Feb 2013
Taboola provides the “Around The Web” and “Recommended For You” content recommendation widgets seen on publishers such as The Atlantic, Business Insider, and Mail Online. The company says it now delivers more than 200 billion monthly content recommendations to 550 million users. Taboola was founded in 2007, is headquartered in New York, and maintains its research and development team in Tel Aviv. Its product work has shifted from desktop to a mobile-first focus, and the company is working to map data from mobile devices, social media sites, and apps. Top priorities cited by management include expanding into more international markets, including China. The company competes with Outbrain in the content-discovery space. Taboola operates a content recommendation platform and analytics suite that delivers roughly 200 billion content suggestions to about 550 million users each month. Its widget and related tools are free for publishers; Taboola monetizes via a CPC marketplace that charges per click. The company reports about $200 million in annual revenue and has been profitable for six consecutive quarters. Product capabilities include editorial push tools, A/B headline testing, product recommendations (via its Perfect Market acquisition) and publisher analytics. Taboola is investing in personalized recommendations by device and location, expanding into more international markets, adding more native advertising and mapping context for mobile and app traffic, and pursuing acquisitions to accelerate growth. Taboola uses its EngageRank™ technology to connect people with content they may like. Its platform is used by publishers to recirculate their own traffic via personalized on-site content recommendations. Taboola also operates a marketplace that enables publishers, brands, and agencies to acquire traffic and users by recommending third-party content across its network of publishers. The company completed a $15M Series D funding round and intends to use the capital for international expansion and development efforts. Taboola was founded in 2007 by CEO Adam Singolda and is based in New York City; the company is hiring. Taboola offers a video recommendation platform that appears as a widget on publisher sites, surfacing related videos from publishers and Taboola’s network of content creators. The company shares ad revenue between content creators and publishers, taking a cut. Its service is used by more than 300 publishers, including the Wall Street Journal, New York Times, Bloomberg BusinessWeek, Hearst, and Gannet, recommending over half a billion videos per day to more than 130 million users each month. Taboola is headquartered in New York City with R&D offices in Israel and currently has 40 employees. The company plans to double headcount over the next year, expand internationally in markets where it already has partners, and extend recommendations to new devices via APIs for iOS, Android and Xbox Live. Total funding to date is $25 million after the latest round. Taboola provides a turn-key product that offers video recommendations to publishers and integrates with platforms such as Brightcove and Ooyala. The service surfaces related videos and tailors recommendations to users using extensive analytics, scoring each video with an "EngageRank." Taboola says its recommendations can drive as much as 2.5 times more video watching on Bloomberg. Notable clients include the New York Times, USA Today, CNN, and Bloomberg. The service now generates 250 million recommendations per day across its publisher partner sites. Financially, the company has raised $15 million to date following the latest $9 million round.
- Inneractive
Led · Equity · Aug 2012
Inneractive provides a global programmatic ad stack for mobile publishers via an SDK that integrates more than 120 ad providers across 200 countries. The company focuses on video, hyper-local and in-app search ads and connects developers to networks such as InMobi, xAd, Appnexus, Lifestreet and Matomy. Founded in 2007 and based in Israel, Inneractive has raised $14M to date, including a $3.5M round in 2012 and a new $6M Series C. The new capital will be used to scale programmatic video advertising, expand business, sales, marketing and development in the U.S., and to build out a full-stack mobile monetization platform. Management is also considering inorganic growth (acquisitions) to accelerate expansion. The platform is used by “thousands” of developers (including Zynga), lists the U.S. and U.K. as its biggest markets, and reported ad-request growth of ~565% on Android and ~400% on iOS. inneractive operates a mobile app monetization exchange that integrates over 120 ad providers from 200+ countries into a one-line SDK, with thousands of developers using its platform on iOS, Android, RIM and Windows Phone. It also offers SDKs for non-smartphone platforms such as J2ME, Bada and Symbian (without the one-line implementation). The company works with major ad networks including Amobee, Inmobi, Jumptap, Mojiva, Adfonic, Millennial and Madhouse, and powers private ad exchanges for developer communities, manufacturers and carriers (clients include Corona Labs, StackMob and LiveCode). Recently introduced “Hybrid” technology lets publishers alternate between automatic optimization of partner networks and manual opt-in/out of specific providers. inneractive’s biggest markets are the U.S., Europe and India, and its global footprint enables targeting by demographic, content, language and location. The company previously reported metrics such as a 95% global fill rate, 99% U.S. fill rate and 3%+ click-through rates (from a year ago) and says those metrics have increased, though it declined to provide updated figures. With the new financing it plans to hire and expand operations, opening offices in NYC, India and Singapore alongside existing offices in London, Tel Aviv and Silicon Valley.
- AeroScout
Led · Equity · Nov 2010
AeroScout builds Real‑Time Location System (RTLS) solutions that use Wi‑Fi RFID to provide real‑time visibility into the location, status and condition of mobile assets and people. Its technology lets customers leverage existing Wi‑Fi infrastructure instead of deploying separate proprietary networks for RTLS implementations. The company touts the invention of the world’s first Wi‑Fi‑based Active RFID tag and is recognized as a market leader by deployments and tags shipped. AeroScout serves more than 600 customers across healthcare, manufacturing, logistics and transportation. The firm plans to use new capital to support product development, sales and marketing. Headquartered in Redwood City, California, AeroScout also maintains offices in Europe, the Middle East, Asia, Australia and Latin America. AeroScout provides WiFi-based asset- and people-tracking solutions using Active RFID to locate and manage equipment and personnel. The company is based in San Mateo, California. It recently completed a third round of financing that the company says totaled $21 million. An earlier regulatory filing cited by PE Wire had reported $11.4 million of a $20.5M–$21M round before the company issued a correction. Investors in the round included Menlo Ventures (lead), Greylock Partners, Star Ventures, Pitango, Cisco Systems and Intel Capital. The article also notes the company had previously raised roughly $28.2 million since 1999.
Team
Ofer Neeman
President and CEO
Jacob Burak
Founder
Erez Shachar
Managing Partner
LinkedInRonit Bendori
General Partner