Qumra Capital: Israel's First Late-Stage VC Fund

Qumra Capital is Israel's first growth-stage venture fund, founded in 2014 by Erez Shachar and Boaz Dinte and now managing over one billion dollars across four funds, according to investor research platform Superscout. The Tel Aviv firm targets late-stage technology companies with proven revenue, and its portfolio includes the public companies Fiverr and JFrog.

Who founded Qumra Capital?

Erez Shachar and Boaz Dinte founded Qumra Capital in 2014 after Shachar spent a decade as managing partner of Evergreen Venture Partners, according to his team profile on the firm's site. Shachar has sat on the boards of Taboola, Riskified, Talkspace, Tytocare, Nexar, and Connecteam, and previously served on the boards of Fiverr and Varonis Systems before their public listings, along with Traiana before its acquisition by ICAP.

Sivan Shamri Dahan and Daniel Slutzky joined as managing partners alongside Shachar and Dinte, while Sharon Barzik Cohen serves as partner and chief financial officer, according to Qumra's LinkedIn presence and Superscout's team listing. The team of roughly 12 professionals, including four to six partners depending on the count, gives Qumra a leadership bench built specifically around growth-stage diligence rather than early-stage sourcing.

What does Qumra Capital invest in?

Qumra Capital closed its third fund at 260 million dollars in 2020, according to a PR Newswire announcement naming the firm Israel's first and leading growth investment fund. The firm focuses on highly analytical, data-driven companies capable of scaling into global leaders, investing primarily in Series B and later rounds once a company has already found product-market fit.

Managing partner Erez Shachar told Calcalist that roughly 80 percent of the fund's capital for that 2020 raise came from existing investors, a sign of investor confidence built over Qumra's first two funds. The firm's investment process centers on financial due diligence, direct meetings with founders, and conversations with a company's own clients and investors before committing capital, according to Shachar's comments to Calcalist on the firm's 2026 annual startup list.

Which companies has Qumra Capital backed?

Fiverr, the freelance marketplace, reached a market capitalization near seven billion dollars after its Nasdaq listing, while JFrog reached 6.3 billion dollars, according to the same 2020 PR Newswire release. Qumra Capital has invested in 49 companies overall, with five unicorns, five IPOs, and twenty acquisitions, per Tracxn's March 2026 data. Other portfolio companies include Riskified, AppsFlyer, Taboola, Minute Media, and the mental-health platform Talkspace.

The firm's 2026 growth list also named the code-integrity startup Qodo, along with Astrix Security, Finaloop, lakeFS, PhaseV, Spines, Tres Finance, Zafran Security, and Zenity, as its ten most promising growth companies for the year, according to Calcalist's coverage. Compiling that list takes nearly six months, with Shachar describing a process built around financial fundamentals and direct client conversations rather than headline valuations.

How has Qumra Capital's portfolio performed through recent exits?

Minute Media's sale of STN Video marked one of Qumra's more recent portfolio exits, according to the firm's own social communications celebrating the deal. Qodo separately closed a 70 million dollar funding round led by Qumra, a raise the startup's leadership credited to the trust built after Qumra selected Qodo for its annual growth list the year before, per Calcalist's reporting.

Those two data points, a portfolio exit and a follow-on round led by Qumra itself, illustrate the fund's dual role as both an investor and a validator: inclusion on Qumra's annual list has become a signal other investors watch when deciding whether to back the same companies.

How does Qumra Capital fit into Israel's venture market?

Qumra Capital invests at a later stage than early-stage specialists such as Tel Aviv's F2 Capital, stepping in once a company has proven its revenue model rather than backing first checks. Where F2 Capital and similar seed funds take the earliest risk on unproven technology, Qumra's growth checks arrive once a startup has demonstrable clients, revenue, and a functioning go-to-market motion.

The Olam tracks both stages of Israel's venture market, from seed to growth, on its Venture & Exits page, which follows how capital and founders move between the two ends of the funding spectrum Qumra and F2 Capital represent.

Qumra Capital built its identity as the fund that stepped in once an Israeli startup had already proven it could generate revenue at scale. Fiverr and JFrog remain the clearest evidence that the model produces public-market results, and the firm's 2026 growth list, from Qodo to Zafran Security, points to which late-stage companies Qumra expects to produce the next round of exits.