Viola Ventures, a leading Israeli venture capital firm, today announced the close of two new funds totaling $250 million. The new capital will be deployed to support the next generation of Israeli startups.
The raise includes the first dry close of the flagship Viola Ventures 7 early-stage investment fund and the Viola Conviction Fund I.
Viola Conviction Fund I raised approximately $100 million to invest in select outlier portfolio companies through secondary transactions. The fund has already been fully deployed and enables Viola Ventures investors to double down on the firm’s most promising portfolio companies.
The flagship fund, Viola Ventures 7, which represents the majority of the capital raised, will focus on backing the next generation of early-stage technology innovators through seed rounds, Series A investments and incubation processes.
Viola Ventures 7 will focus on vertical AI, enterprise AI, fintech, AI infrastructure, cyber, quantum and defense technologies. The fund has completed its first dry close and is expected to become active in the first half of 2026, as new investments are still being made from the Viola Ventures VI fund.
“Despite a challenging couple of years for the region, the Israeli tech ecosystem continues to grow at a record pace. In 2025 alone, tech funding reached $11.3 billion year to date, and mergers and acquisitions broke an all-time high of $67 billion year to date,” said Omry Ben David, managing partner at Viola Ventures. “This announcement demonstrates the confidence our investors have in Israel as a global leader in the AI-driven wave of transformative innovation and in Viola Ventures’ continued leadership in this ecosystem.”
As part of the raise, Viola Ventures launched its Leadership Circle, a network of senior global executives and entrepreneurs who have invested in the new fund and will serve as strategic advisers and board members to portfolio companies.
The Leadership Circle includes prominent technology and business leaders such as Jim Whitehurst, former president of IBM, former CEO of Red Hat and former COO of Delta Air Lines; Scott Galit, former CEO of Payoneer; Cris Conde, former CEO of SunGard; Eyal Waldman, founder and former CEO of Mellanox, acquired by NVIDIA; Tomer Bar-Zeev, co-founder and former CEO of ironSource, acquired by Unity; Yiftach Shoolman, co-founder of Redis; Reuven (Ruby) Aronashvili, founder and CEO of CYE; and Lior Gerenstein, CTO of Via.
“The Leadership Circle is incredibly meaningful, as global tech leaders are demonstrating strong and inspiring support for Viola Ventures by investing in our fund and working closely with our entrepreneurs,” said Zvika Orron, managing partner at Viola Ventures. “Together, we are creating a unique alignment of vision and a shared commitment to building the next generation of global technology champions.”
Viola Ventures’ value-add platform, Viola Velocity, is an additional resource designed to support critical early-stage needs. The platform provides access to a curated network of more than 500 Fortune 500 C-suite executives, including leaders from companies such as Audi, NICE, Biogen and Ciena, who can serve as potential customers, design partners and early champions.
Viola Ventures 7 will be led by managing partners Omry Ben David and Zvika Orron, alongside co-founder and managing partner Shlomo Dovrat, marking a seamless leadership transition. The investment team also includes newly appointed partner Alex Shmulovich, principals Tal Abuloff and Alon Cinnamon, and analyst Assaf Shriber. Avi Zeevi, co-founder of the Viola Group, will remain active in the fund as a mentor, a member of the investment committee and a board member at portfolio companies.
Viola Ventures is a leading Israeli venture capital firm that has backed early-stage entrepreneurs since 2000. With more than $1.5 billion under management, the firm leverages deep experience and a robust ecosystem to help build and scale global category leaders. Its portfolio includes ironSource, Payoneer, Redis, Pagaya, Lightricks, ProteanTecs, Immunai, PayZen, Faye, Duetti and PhaseV, among others
Viola Ventures is part of the Viola Group, Israel’s largest technology investment group, with more than $6.5 billion in assets under management