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Viola Ventures company logo
Venture Capital
viola-group.com/fund/violaventures

Investments

283

Portfolio Exits

46

Funds

7

About Viola Ventures

Viola Ventures operates as a venture capital firm. It invests across a number of key market segments including software, new enterprise infrastructure, big data, digital media, consumer applications, semiconductors, and more. The firm was formerly known as Carmel Ventures. It was founded in 2000 and is based in Herzliya, Israel.

Headquarters Location

12 Abba Eban Avenue Ackerstein Towers Building D

Herzliya, 46725,

Israel

+972 9 9720 400

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CB Insights Intelligence Analysts have mentioned Viola Ventures in 1 CB Insights research brief, most recently on Aug 1, 2023.

Latest Viola Ventures News

HyperGuest Closes Series A Round, Raising $23 Million to Revolutionize the Hospitality Industry

Jul 7, 2023

Hotel Marketplace Pioneer Exceeds 10X Year-on-Year Booking Growth Serving over 25,000 Hotels 7 July 2023 HyperGuest, a leading technology platform for the hospitality industry, announced today that it has successfully closed a $23 million Series A funding round. The round was led by Lightspeed Venture Partners and included Viola Ventures, Altshuler Shaham, and new investor Thayer Ventures, a San Francisco venture capital firm specialized in technology for the travel and accommodation industry. The investment will fuel the company's accelerated growth and further enhance its innovative solutions for hoteliers and travel providers. The significant investment is a testament to HyperGuest's disruptive technology and business model, and its commitment to transforming the way hotels connect and transact with their business partners. HyperGuest's platform offers a unique and seamless solution that enables hotels and suppliers to directly connect with travel distributors, including Online Travel Agencies, Agents Consortia, Tour Operators, Destination Management Companies, Travel Management Companies, Closed User Groups, Bedbanks, Global Distribution Systems and more. By providing real-time connectivity, HyperGuest empowers hoteliers to optimize their inventory distribution, streamline operations, and increase revenues and margins. "We are thrilled to announce the successful completion of our Series A funding round," said Nir Yaron, CEO and Co-founder of HyperGuest. “We have achieved a significant milestone of 25,000 live hotels while partnering with over 380 demand customers and more than 150 global technology integrations. This remarkable progress has led to exceptional growth, with both bookings and revenue rising by more than 10X year on year. We are proud of the support of our investors, who share our vision of reshaping the travel landscape." The company plans to further expand its global footprint, invest in product development, and enhance its technology infrastructure. Additionally, HyperGuest aims to scale its sales and marketing efforts to drive customer acquisition and increase market penetration. "We are excited about our partnership with the HyperGuest team as they redefine the hospitality industry," said David Gussarsky, Partner at Lightspeed Venture Partners. "Their innovative technology and forward-thinking approach have the potential to disrupt the traditional distribution landscape and empower hoteliers to regain control of their inventory. We are confident in HyperGuest's ability to drive significant growth and look forward to continue supporting their journey." The Series A funding round marks a significant milestone for HyperGuest and sets the stage for the company's ambitious expansion plans. With a strong foundation and a dedicated team, HyperGuest is well-positioned to transform the hospitality industry and create a more efficient and transparent ecosystem for hoteliers, suppliers, and travel distributors. “When looking at new investments, market-proven innovation with disruptive potential is our holy grail”, said Chris Hemmeter, Managing Partner at Thayer Ventures. “distribution is a long-term problem for hoteliers and travel companies alike, and HyperGuest’s platform delivers a unique solution that removes all barriers for doing business.” About Lightspeed Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise, Consumer, Health, and Fintech sectors. Over the past two decades, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 500 companies globally including Affirm, Carta, Cato Networks, Epic Games, Faire, Forty Seven, FTX, Guardant Health, Mulesoft, Netskope, Nutanix, Rubrik, Sharechat, Snap, TripActions, Udaan, Ultima Genomics and more. Lightspeed and its global team currently manage $18B across the Lightspeed platform, with investment professionals and advisors in the U.S., China, Europe, India, Israel, and Southeast Asia. www.lsvp.com. About Viola Ventures Viola Ventures is an early-stage fund dedicated to building global category leaders out of Israel. Founded in 2000, Viola Ventures has backed over 100 technology companies and stands with a disproportional share of Israel’s successful public listings and M&As. The fund manages over $1.3B and has backed some of Israel’s outliers such as ironSource (acquired by Unity), Payoneer, Redis, Verbit, Lightricks, Outbrain, Immunai and Pagaya. The fund is part of Viola, Israel’s leading tech investment group with over $5B AUM. www.viola.vc About Thayer Ventures Founded in 2009, Thayer Ventures has built the preeminent venture platform for travel and transportation entrepreneurs to leverage unequaled counsel from our experienced team, strategic LPs, industry-leading advisors and the entire Thayer portfolio ecosystem. www.thayerventures.com. About HyperGuest a direct and seamless connection between hotels, suppliers, and travel distributors. With real-time connectivity, HyperGuest empowers hoteliers to optimize inventory distribution, streamline operations, and increase revenue. The company's innovative solution enables hoteliers and travel providers to take control of their connectivity and drive more direct bookings. For more information, please visit www.hyperguest.com .

Viola Ventures Investments

283 Investments

Viola Ventures has made 283 investments. Their latest investment was in HyperGuest as part of their Series A - II on July 7, 2023.

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Viola Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/7/2023

Series A - II

HyperGuest

$23M

No

1

5/23/2023

Series A

Faye

$10M

No

6

5/3/2023

Series A

Duetti

$32M

Yes

6

4/19/2023

Series A

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$99M

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10

3/16/2023

Seed VC

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$99M

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10

Date

7/7/2023

5/23/2023

5/3/2023

4/19/2023

3/16/2023

Round

Series A - II

Series A

Series A

Series A

Seed VC

Company

HyperGuest

Faye

Duetti

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Amount

$23M

$10M

$32M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

1

6

6

10

10

Viola Ventures Portfolio Exits

46 Portfolio Exits

Viola Ventures has 46 portfolio exits. Their latest portfolio exit was Spott on August 03, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/3/2023

Acquired

$99M

1

7/11/2022

Acq - Fin

$99M

1

6/23/2022

Reverse Merger

$99M

6

6/13/2022

Acquired

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$99M

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10

5/10/2022

Acquired

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$99M

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10

Date

8/3/2023

7/11/2022

6/23/2022

6/13/2022

5/10/2022

Exit

Acquired

Acq - Fin

Reverse Merger

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

1

6

10

10

Viola Ventures Fund History

7 Fund Histories

Viola Ventures has 7 funds, including Viola Ventures VI.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/20/2022

Viola Ventures VI

$250M

2

9/23/2019

Viola Growth III

$99M

10

4/8/2019

Viola Growth III (Feeder)

$99M

10

11/1/2017

Carmel Ventures V

$99M

10

10/22/2014

Carmel Ventures IV (A)

$99M

10

Closing Date

1/20/2022

9/23/2019

4/8/2019

11/1/2017

10/22/2014

Fund

Viola Ventures VI

Viola Growth III

Viola Growth III (Feeder)

Carmel Ventures V

Carmel Ventures IV (A)

Fund Type

Status

Amount

$250M

$99M

$99M

$99M

$99M

Sources

2

10

10

10

10

Viola Ventures Team

11 Team Members

Viola Ventures has 11 team members, including current Founder, General Partner, Shlomo Dovrat.

Name

Work History

Title

Status

Shlomo Dovrat

Founder, General Partner

Current

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Name

Shlomo Dovrat

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Work History

Title

Founder, General Partner

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Status

Current

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