Qumra Capital has announced the closing of its $150 million second growth capital fund. Like its first fund, Qumra Capital II is a late stage fund investing in growth startups with an international market presence and annual sales of at least $10 million.
Qumra Capital I was a $100 million fund which invested in eight companies: Fiverr, JFrog, Appsflyer, Riskified, Signals Analytics, Minute Media, Sweet Inn and Eyeview.
Qumra was founded in 2014 by Dinte, Erez Shachar, and Sivan Shamri Dahan who worked together at Evergreen Venture Partners, one of Israel’s veteran venture capital funds. Shachar and Dinte were managing partners at Evergreen. The partners were joined by Daniel Slutzky who serves as the fund’s CFO and was previously Benchmark Israel’s operating partner and CFO.
Investors in the second fund are mainly family offices that invested in the first fund as well as US, European and Israeli financial institutions.