» Our commitment
Veritas is dedicated to providing entrepreneurs with a fast and discreet
reply. We try to be responsive to what is often the entrepreneur's greatest need
- a sensitive ear - before and after our investment is made.
While we attempt to add value to our portfolio companies in all facets of
their development, we believe that the most valuable input we provide to
entrepreneurs is listening to them and accompanying them in what can be a lonely
climb to the top.
» Unrivalled experience
Established in 1990 by Yadin Kaufmann and Gideon Tolkowsky, Veritas is Israel's most seasoned venture capital firm.
Our principals have gained unparalleled experience in the technology investment
cycle, having provided early-stage financing and close post-investment support
to Israeli companies since the mid-1980s. A number of these companies have had
successful public offerings in the US, or have been acquired by larger corporate
entities. Veritas's principals were involved in providing first-round financing,
in most cases as lead investor, to Gilat
Satellite Networks Ltd., ESC Medical Systems
Ltd., M-Systems Flash Disk Pioneers
Ltd., Harmonic Lightwaves Inc., Class
Data Systems Ltd., Mercury
Interactive Corp., Ubique Ltd. and Accord Networks Ltd., among others.
Several of these companies today enjoy billion-dollar market capitalizations.
» Our approach to investing
Veritas is a long-term player. We typically lead investments in companies at
the earliest, highest-risk phase of their development, and we expect to continue
working closely with the entrepreneurs and to provide financial support
throughout the investee companies' funding cycles.
Our managerial philosophy involves careful selection of investment
opportunities, and ongoing value-adding activities in close association with the
investee companies, normally through active directorship. We promote and reward
entrepreneurship, and aim for realization of long-term capital gains, primarily
by taking companies public in the US.
Veritas often takes a pro-active approach to forming new companies, by
defining a focus-area for a company, developing a business model and putting a
founding team in place.
» Whom does Veritas back?
Veritas backs entrepreneurs of varying profiles, from young technology
leaders with no proven track record, to seasoned executives experienced in
building successful businesses. Having been in the venture capital business for
a decade and a half, we know that it is the quality of the people that carries
businesses forward. We seek to form long-term partnerships with entrepreneurs,
and ascribe particularly high value to certain qualities of those individuals:
personal and professional excellence, creativity, discipline, leadership skills,
unqualified integrity, and a desire to learn and grow in partnership with us.
» Our funds
While we manage several vehicles, we are currently investing primarily from
our new VVP Fund II, raised in late 2001. The capital under our management
originates primarily from large, multinational institutions. These include a
large multinational corporation headquartered in Asia, which enables us to
create a bridge for Israel-based high-tech companies to Pacific Rim markets.
» The Veritas Difference
Our managers have a longstanding involvement in Israeli venture capital -
spanning from the birth of Israel's venture industry in the mid-1980's to the
highly dynamic environment of the 2000's - with a proven record of success. We
have helped create a number of companies valued at over a billion dollars each.
In several cases we have initiated new companies on our own, and have
experienced first-hand the trials, tribulations, and excitement of starting new
ventures. Veritas's principals have extensive experience in the US markets as
well. These experiences provide us with a unique set of skills and relationships
that we share with our partnering entrepreneurs.
Veritas seeks to develop close partnerships with a small, carefully selected
group of entrepreneurs. We make few investments every year, and will roll up our
sleeves and work with entrepreneurs to build their ventures into global
» Tmura – the Israeli Public Service Venture Fund
Tmura - The Israeli Public Service Venture Fund is a non-profit organization,
an “amuta”, established by leading Israeli venture capital funds to involve the
high-tech sector in supporting charitable activities. The model is simple:
early-stage companies give Tmura a warrant, convertible (at exit) into a small
portion of their equity. If the company succeeds, Tmura sells its shares and
donates the proceeds to charities in Israel; the focus is on education and
youth-related activities, and the companies can indicate which organizations
they want to support.
Yadin Kaufmann, a Founding Partner of Veritas, founded Tmura and
serves as its Chairman. Veritas, as well as several other leading venture
capital funds, support Tmura's activities and encourage portfolio companies to
make an equity donation to Tmura.
For more information, please contact Tmura
Executive Director, Baruch Lipner at +972-3-607-4506 or at
email@example.com, or see the Tmura website at http://www.tmura.org.
Our managers have a longstanding involvement in Israeli
venture capital - spanning from the birth of Israel's venture industry in the
mid-1980's to the highly dynamic environment of the 2000's - with a proven
record of success.
We also have extensive experience in US markets, and
established an office in Atlanta to support our portfolio companies and access
investment opportunities along the East Coast of the United States.
Veritas Ventures Partners