Erel is the Founder and Executive Chairman of Jerusalem Venture Partners™ (JVP™) and Margalit StartUp City. He founded JVP over 30 years ago and is one of the chief architects of the Start-Up Nation, bringing innovation and entrepreneurial leadership to Israel’s most pressing economic and social challenges. Today, JVP operates from Israel and New York, where it has a major hub that houses 35 scale-up companies in the fields of AI, Cybersecurity, FinTech, InsurTech, and SaaS.
Forbes Midas List
Chosen for the Forbes Midas List and by Israel’s prestigious business paper The Marker as the first venture capitalist with the golden touch, Erel has supported numerous managers in leading their companies to international leadership positions. He curated the JVP WAY, which helps create companies, invest, and reinvest as they grow from inventors into international market leaders in Israel, New York, Europe, and other global locations. A notable example is CyberArk (NASDAQ: CYBR), which was recently sold to Palo Alto Networks for $25B. Under his leadership, JVP invested in CyberArk in its early stages. Erel became Chairman of the Board of CyberArk, and JVP later increased its investment, becoming a 47% holder as the company went public on NASDAQ and grew into a global cybersecurity leader in privileged access and secrets management.
Orchestrating 42 IPOs and M&As
Beyond CyberArk, Erel has led numerous international exits. These include QlikTech (NASDAQ:QLIK), which grew from a Swedish company into a global BI leader with an exit valuation of $2.5 billion; Cogent Communications (NASDAQ: CCOI), today valued at $3.8 billion; Netro, acquired at a $5.5 billion valuation; and the $4.8 billion sale of Chromatis to Lucent Technologies.
Today, Erel is Chairman of the Board of Earnix, which is scaling into the global leader in AI for the insurance industry, serving more than 100 customers across 35 countries. He also chairs ControlUp, which is revolutionizing enterprise network management with advanced AI in digital employee experience, and ThetaRay, which uses AI to block money laundering, human trafficking, drug trafficking, and terror financing, working with leading international banks and fintechs across North America, Europe, Africa, and beyond. He also serves as Chairman of the Board of Centrical and is a member of the Boards of Nanit (the leading application for baby wellness and sleep monitoring in North America), Inshur, and others.
Creating Economic Development and Social Change
Erel’s initiatives are driven by his visionary economic leadership. He started Margalit StartUp City, which has built four centers of excellence across Israel and one major hub for AI, Cybersecurity, FinTech, InsurTech, and SaaS in New York. These include the AI center at Jerusalem’s historic train station, the AI and InsurTech center on Tel Aviv’s Rothschild Boulevard, the Cybersecurity hub in Be’er Sheba, and the ClimateTech Center in the Galilee in Northern Israel. These hubs not only create leading companies in multiple sectors but are also connected to Margalit StartUp City Community, which integrates economic development with social change.
Margalit StartUp City Community has developed a plan to build seven regions of excellence across Israel that combine technology and education, creating tens of thousands of high-quality jobs in leading companies while fostering diverse communities of entrepreneurs, women, and youth.
Margalit StartUp City Community – “BaKehila”
Along with his wife Debbie, Erel founded Margalit StartUp City BaKehila, a nationally renowned educational non-profit that empowers the next generation of entrepreneurs and young people seeking opportunity. This program raises academic achievement and promotes personal and social growth among elementary and high school students across Israel. More than 60,000 students have graduated from its programs. Each StartUp City location combines technology and education for underprivileged youth in both the Jewish and Arab communities, helping them participate in Israel’s economic growth while transforming their regions, uprooting poverty, bringing communities together, and opening opportunities through innovation. In the city of Jerusalem, we bring together Jewish and Arab students in community and education work, which serves as an important platform for coexistence.
Member of the Israeli Knesset
Between 2013 and 2017, Erel served as a Member of the Israeli Knesset. He was part of the Security and Foreign Affairs Committee, a ranking member of the National Finance Committee, and led the Cybersecurity Taskforce. He also led the Knesset’s economic development taskforce for Israel’s North and South, creating seven new regions of economic excellence, each dedicated to a thematic field of innovation. He initiated the Mediterranean Innovation Forum, encouraging collaborations among leading EU countries, Arab states, and Mediterranean basin nations, forging new connections in innovation and economic cooperation.
Erel holds a Doctor of Philosophy from Columbia University for his thesis “Entrepreneurs of History: The Outstanding Leader in the Historical Enterprise.” He also holds a BA in Philosophy & Logic and English Literature from the Hebrew University of Jerusalem.
Erel is married to Debbie, and they live in Ein Karem, Jerusalem. Together they are the parents of three daughters, Tair, Eden, and Maya, and are the grandparents of Malachi and Ayala.