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Investments

29

Portfolio Exits

1

Funds

4

About State of Mind Ventures

State of Mind Ventures is a $50 million fund that invests $1-2 million per company at the seed stage in companies operating in the big data, aerospace, communications, cyber, cloud infrastructure, and computerized vision sectors.

State of Mind Ventures Headquarter Location

Ha-Menofim Street 1

Herzliya,

Israel

+972 97888000

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Latest State of Mind Ventures News

Rivery Raises $16M Series A To Expand SaaS DataOps Platform

Apr 1, 2021

Israeli DataOps platform Rivery raised $16 million in a new financing round led by Entree Capital and existing investor State Of Mind Ventures (SOMV), the company announced on Tuesday. Rivery is a SaaS data management platform that gives companies control over their organizational data through the ingestion, transformation, and orchestration of data processes. Launched in 2019, the company has grown rapidly and added hundreds of customers, seeing significant growth enterprise companies like Bayer, American Cancer Society, and WalkMe. The new funding round will be used to accelerate growth across business and R&D teams. The company plans to triple in size globally, and there are currently 60 open positions to be filled in 2021. Rivery’s innovative approach to DataOps and data management incorporates automation and actionable logic into the traditional data ETL/ELT (extract, transform, and load) processes. Rivery’s quick deployment and centralized data management, coupled with its features such as the ability to instantly create and replicate data models via ready-built kits. Rivery also empowers companies to create custom data connections that run alongside standard out-of-the-box data pipelines saving significant time and cost for both deployment and ongoing use. “This new round of funding is an exciting milestone for Rivery, and validation that the massive cloud data industry is looking for a centralized DataOps platform. The Rivery DataOps platform is empowering companies to centralize, control, automate, and orchestrate all of their data flows – in the cloud,” said Itamar Ben Hemo, co-founder and CEO of Rivery. “Rivery is bringing a fresh approach to an old problem – how to move and transform data. The team has built a platform that companies not only love, but also trust to make a core part of their technology stack. We are excited to partner with Rivery and help the company achieve its vision,” Avi Eyal, co-founder and Managing Partner at Entrée Capital added.

State of Mind Ventures Investments

29 Investments

State of Mind Ventures has made 29 investments. Their latest investment was in StreamElements as part of their Series B on September 9, 2021.

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State of Mind Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/22/2021

Series B

StreamElements

$100M

No

9

8/24/2021

Series A

Veego

$13M

No

2

7/21/2021

Seed VC

Kameleon Security

Yes

3

4/21/2021

Series B

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$99M

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10

3/30/2021

Series A

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$99M

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10

Date

9/22/2021

8/24/2021

7/21/2021

4/21/2021

3/30/2021

Round

Series B

Series A

Seed VC

Series B

Series A

Company

StreamElements

Veego

Kameleon Security

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Amount

$100M

$13M

$99M

$99M

New?

No

No

Yes

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Subscribe to see more

Co-Investors

Sources

9

2

3

10

10

State of Mind Ventures Portfolio Exits

1 Portfolio Exit

State of Mind Ventures has 1 portfolio exit. Their latest portfolio exit was Cognigo on May 27, 2019.

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

5/27/2019

Acquired

$99M

1

Date

5/27/2019

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

State of Mind Ventures Fund History

4 Fund Histories

State of Mind Ventures has 4 funds, including State of Mind Ventures 4.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/25/2021

State of Mind Ventures 4

1

8/25/2021

State of Mind Ventures 3

10

7/9/2018

State of Mind Ventures 2

$99M

10

6/6/2016

State of Mind Ventures 1

$99M

10

Closing Date

8/25/2021

8/25/2021

7/9/2018

6/6/2016

Fund

State of Mind Ventures 4

State of Mind Ventures 3

State of Mind Ventures 2

State of Mind Ventures 1

Fund Type

Status

Amount

$99M

$99M

Sources

1

10

10

10

State of Mind Ventures Team

3 Team Members

State of Mind Ventures has 3 team members, including current Managing Partner, Pinhas Buchris.

Name

Work History

Title

Status

Pinhas Buchris

Bazan Group, Apax Partners, Tamares, and Israeli Defense Forces

Managing Partner

Current

Nir Adler

General Partner

Current

Yuval Baharav

General Partner

Current

Name

Pinhas Buchris

Nir Adler

Yuval Baharav

Work History

Bazan Group, Apax Partners, Tamares, and Israeli Defense Forces

Title

Managing Partner

General Partner

General Partner

Status

Current

Current

Current

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