Predict your next investment

Venture Capital
technoplusvc.com

See what CB Insights has to offer

Investments

57

Portfolio Exits

14

About TechnoPlus Ventures

Applicure is a provider of web application security. We create products for web application protection, including web application firewall, ISA security and IIS security.

TechnoPlus Ventures Headquarter Location

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest TechnoPlus Ventures News

After giving up on Nasdaq, Compulab files for TASE IPO

Dec 29, 2020

After giving up on Nasdaq, Compulab files for TASE IPO Compulab, part owned by listed company TechnoPlus Ventures, produces fanless miniature industrial computers. Technology company Compulab is making another attempt to go public. Three years ago, it gave up on an IPO on Nasdaq. Now, it has filed a prospectus with the Israel Securities Authority for an offering on the Tel Aviv Stock Exchange. In response, the share price of TechnoPlus Ventures (TASE: TNPV), which holds 14.6% of Complulab and which notified the stock exchange of the filing of the prospectus, rose strongly. The size of the offering and the company valuation have not yet been reported. Compulab develops, manufactures, and sells computing systems without fans, and it has two main product lines: single-board computers on modules (CoM), and feature-rich miniature PCs. According to the figures released by TechnoPlus in its notification, in the first half of 2020 Compulab had revenue of NIS 62 million. In 2019 as a whole, revenue totaled NIS 107 million, 11% more than in 2018, although growth in 2018 over 2017 was higher, at 32.8%. The figures indicate continuing improvement in Compulab's operating profitability, from just 0.5% of sales in 2017 to 6.3% in 2019 and 16.9% in the first half of 2020. Net profit in the first half of this year was nearly double that of the whole of 2019: NIS 10.6 million versus NIS 5.5 million. At the end of the first half of 2020, Compulab had current assets of NIS 57.7 million and current liabilities of NIS 33.1 million, and its shareholders'' equity was NIS 40.7 million. In 2017, Compulab sought to raise $24 million on Nasdaq, but withdrew after failing to agree a company valuation with its underwriters. Now, it is exploiting the positive atmosphere on the local stock market surrounding technology company flotations, and trying its luck in Tel Aviv. Figures recently released by the Tel Aviv Stock Exchange show that a record 19 technology companies (five of them R&D partnerships) have listed on the exchange in 2020. Compulab is located in Yokne'am, and has been run since it was founded in 1992 by its founder Gideon Yampolsky, who is the main shareholder in the company. It is recorded on TechnoPlus Ventures' books at a value of $6.5 million, and at the end of 2019 it was the largest company in TechnoPlus Ventures' portfolio. TechnoPlus Venture bought a stake in Compulab in 2012, together with other investors. It invested $1.25 million at that time, and later exercised an option to buy further shares for $250,000. TechnoPlus Ventures is entitled to receive management fees from Compulab, and in 2019 it received $89,000 and a loan of $62,500. RELATED ARTICLES

TechnoPlus Ventures Investments

57 Investments

TechnoPlus Ventures has made 57 investments. Their latest investment was in Rapidx as part of their Seed VC on July 7, 2008.

CBI Logo

TechnoPlus Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/29/2008

Seed VC

Rapidx

$1M

Yes

1

2/20/2004

Series B

AeroScout

$5.7M

Yes

12/15/2003

Series C

VersaMed Medical Systems

$9.3M

Yes

12/9/2002

Unattributed VC

Subscribe to see more

$99M

Subscribe to see more

10

1/15/2002

Convertible Note

Subscribe to see more

$99M

Subscribe to see more

10

Date

7/29/2008

2/20/2004

12/15/2003

12/9/2002

1/15/2002

Round

Seed VC

Series B

Series C

Unattributed VC

Convertible Note

Company

Rapidx

AeroScout

VersaMed Medical Systems

Subscribe to see more

Subscribe to see more

Amount

$1M

$5.7M

$9.3M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

10

10

TechnoPlus Ventures Portfolio Exits

14 Portfolio Exits

TechnoPlus Ventures has 14 portfolio exits. Their latest portfolio exit was VisionSense on April 09, 2018.

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

4/9/2018

Acquired

$991

1

7/5/2012

Acquired

$991

2

1/12/2012

Asset Sale

1

00/00/0000

Subscribe to see more

Subscribe to see more

$991

Subscribe to see more

10

00/00/0000

Subscribe to see more

Subscribe to see more

$991

Subscribe to see more

10

Date

4/9/2018

7/5/2012

1/12/2012

00/00/0000

00/00/0000

Exit

Acquired

Acquired

Asset Sale

Subscribe to see more

Subscribe to see more

Companies

Subscribe to see more

Subscribe to see more

Valuation

$991

$991

$991

$991

Acquirer

Subscribe to see more

Subscribe to see more

Sources

1

2

1

10

10

TechnoPlus Ventures Team

5 Team Members

TechnoPlus Ventures has 5 team members, including current Controller, Noa Matzliach.

Name

Work History

Title

Status

Noa Matzliach

Controller

Current

Dror Gad

Chief Executive Officer

Former

Chen Katz

Chief Executive Officer

Former

Itamar Patishi

Managing Partner

Former

Itschak Shrem

Managing Partner

Former

Name

Noa Matzliach

Dror Gad

Chen Katz

Itamar Patishi

Itschak Shrem

Work History

Title

Controller

Chief Executive Officer

Chief Executive Officer

Managing Partner

Managing Partner

Status

Current

Former

Former

Former

Former

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.