Private investors were involved in 45% of the 20 most profitable exits in the past 3 years.
According to the survey, the most profitable exit in Israel since 2011 was Cyvera, which was also one of the most recent: the company was sold in March 2014 to Palo Alto Networks (an Israeli-owned company) for $200 million. The exit followed a $13.1 million financing round, giving a return of 1530% on the investment, while the average time taken for a Cyvera investor to reach the exit was less than a year.
Second place was taken by online gambling company Playtika, sold to US casino giant Harrah’s at a company value of $145 million, after having raised a mere $1.5 million – a multiple of 90 and an average investment-to-exit time of 18 months.
In third place was Crossrider, acquired by Teddy Sagi for $37 million after having raised a paltry $2 million (a 19.5 multiple), with an average investment-to-exit time of just over a year.
In fourth place, almost neck and neck with Crossrider, was XtremIO, sold for $450 million to storage giant EMC after having raised $25 million, an 18 multiple with an average investment-to-exit time of a little more than a year. XtremIO’s investors were all venture capital funds – one of only five such companies on the list of the 20 most profitable exits. Rounding out the top five was ScaleIO, also sold to EMC. The price tag was $250 million, at a multiple of 20.8 with an average investment-to-exit time of a little more than a year.
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