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formulaventures.com

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Investments

33

Portfolio Exits

10

Funds

3

About Formula Ventures

Formula Ventures is an Israeli venture capital fund focused on high growth companies in the software, communications and semiconductors fields. With over $250 million under management in three funds, Formula Ventures is dedicated to helping entrepreneurs build technology companies.

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Latest Formula Ventures News

Radview Software Ltd. Announces Results of Annual General Meeting

Oct 16, 2020

| Source: RadView Software Rosh Ha’ain, Israel, Rosh ha'ain, Oct. 16, 2020 (GLOBE NEWSWIRE) -- October 15, 2020 – RadView Software Ltd. (OTCMKTS:RDVWF) today announced that at the Annual General Meeting of Shareholders held on October 15, 2020 at 15:00 (Israel time) at the offices of the Company, 13 Ha’Amal Street, Park Afek, Rosh Ha’Ain, Israel, the following resolutions were adopted: To re-elect and elect (as the case may be) Mr. Shai Beilis, Mr. Eyal Shalom, Mr. Avi Fried,  Mr. Ori Gal and Mr. Assaf Katan to the Company’s Board of Directors, to serve until the next annual general meeting of shareholders and until their successors have been duly elected and qualified; To elect Ms. Orna Mintz-Dov as an external director, to hold office for 3 years, starting from the date of her election; To elect Mr. Hillik Nissani as an external director, to hold office for 3 years, commencing the date of his election; To set the compensation of the External Directors; To approve the renewal of the Company’s directors’ and officers’ liability insurance policy; To authorize and approve, the execution, delivery and performance by the Company of that certain investment agreement between the Company and Formula Ventures (Holdings) Ltd, Avi Fried, Ori Gal, Amit Bendov and Michael Chill; To approve an amendment to the Convertible Loan Agreement with the Company’s controlling shareholder, Formula Ventures (Holdings) Ltd, and other certain lenders; To approve the Management Services Agreements with each of the Company’s controlling shareholders, Formula Ventures Ltd. Avi Fried and Ori Gal; To approve the entering into indemnification and exemption agreements in the Company’s customary form with each of Shai Beilis, Avi Fried, Ori Gal, Hillik Nissani Orna Mintz-Dov and Assaf Katan and with any other Company’s directors and officers as shall be elected or appointed from time to time; To approve a reverse split of the Company’s ordinary Shares at a ratio of 1,000:1, and to effect the corresponding amendments to the Company’s Memorandum of Association and Articles of Association; To Amend the Company’s Articles of Association in order to remove references to Preferred Shares and Preferred Directors;  To reappoint Kost, Forer, Gabbay, and Kasierer, a member of Ernst & Young International Ltd., as the Company’s Independent Auditors, for the fiscal years ending December 31, 2019 and December 31, 2020 and for such additional period until the next annual general meeting of shareholders; About RadView RadView helps companies perfect their web and mobile applications with the most reliable and flexible performance engineering platform available, for more than 25 years. We address the performance requirements of such applications throughout their product life-cycle, from initial design through development, deployment, and ongoing changes and upgrades. Visit  www.radview.com  or call 1-888-RADVIEW. Related Articles

Formula Ventures Investments

33 Investments

Formula Ventures has made 33 investments. Their latest investment was in MagInk as part of their Series C on March 3, 2006.

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Formula Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/31/2006

Series C

MagInk

$10.5M

No

Jerusalem Venture Partners, Undisclosed Investors, and VantagePoint Capital Partners

1

9/17/2005

Series B

Earnix

$7M

Yes

1

7/13/2004

Series B

MagInk

$16M

Yes

Japan Asia Investment, and VantagePoint Capital Partners

1

2/17/2004

Series E

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$99M

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10

12/15/2003

Series A

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$99M

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10

Date

3/31/2006

9/17/2005

7/13/2004

2/17/2004

12/15/2003

Round

Series C

Series B

Series B

Series E

Series A

Company

MagInk

Earnix

MagInk

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Amount

$10.5M

$7M

$16M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Jerusalem Venture Partners, Undisclosed Investors, and VantagePoint Capital Partners

Japan Asia Investment, and VantagePoint Capital Partners

Sources

1

1

1

10

10

Formula Ventures Portfolio Exits

10 Portfolio Exits

Formula Ventures has 10 portfolio exits. Their latest portfolio exit was Civcom on February 26, 2008.

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

2/26/2008

Acquired

$991

Padtec

3

6/6/2006

Acquired

$991

Oracle

5/19/2006

Acquired

$991

BMC Software

00/00/0000

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10

00/00/0000

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$991

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10

Date

2/26/2008

6/6/2006

5/19/2006

00/00/0000

00/00/0000

Exit

Acquired

Acquired

Acquired

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Companies

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Valuation

$991

$991

$991

$991

Acquirer

Padtec

Oracle

BMC Software

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Sources

3

10

10

Formula Ventures Fund History

3 Fund Histories

Formula Ventures has 3 funds, including Formula Vertex.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/15/2002

Formula Vertex

Multi-Stage Venture Capital

$100M

1

1/10/2001

Formula Ventures II (FV-II)

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$99M

10

9/30/1999

Formula Ventures I (FV-I)

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$99M

10

Closing Date

11/15/2002

1/10/2001

9/30/1999

Fund

Formula Vertex

Formula Ventures II (FV-II)

Formula Ventures I (FV-I)

Fund Type

Multi-Stage Venture Capital

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Status

Amount

$100M

$99M

$99M

Sources

1

10

10

Formula Ventures Team

1 Team Member

Formula Ventures has 1 team member, including former Chief Financial Officer, Varda Sagiv.

Name

Work History

Title

Status

Varda Sagiv

Chief Financial Officer

Former

Name

Varda Sagiv

Work History

Title

Chief Financial Officer

Status

Former

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