Qumra Capital raises USD275 million for fourth fund
Growth fund Qumra Capital, an Israeli venture focused on high-tech companies at the mature stage, has raised USD275 million for its fourth fund, according to Globes.
Despite the slowdown in the industry and the global decline in returns attributed to venture capital funds investing in equity in start-up companies, Qumra has managed to raise its largest fund so far in one of the most challenging period for high-tech investors.
Nevertheless, the amount raised is less than the firm’s $300 million target for the fund, but it hopes to raise the remainder by the end of the year, according to venture capital database PitchBook.
Qumra’s previous fund, raised in 2020, was USD268 million, and was invested in companies such as Rapid API, Connecteam, Aquant, and Ermetic. Its first two funds were invested in companies that went on to make IPOs, such as Fiverr, JFrog, Taboola, Talkspace, and Riskified.
