Qumra Capital Research
Investment Thesis
Qumra Capital is a Tel Aviv-based growth-equity venture capital firm that backs late-stage, revenue-generating Israeli technology companies as they scale toward global category leadership. The firm's stated philosophy is to partner with "highly analytical, data driven companies that can successfully scale to global leadership," and its investment team focuses on businesses that have already proven product-market fit and are ready to compound growth internationally, primarily in the US market. Qumra positions itself as more than a capital provider: the firm runs a dedicated Value Creation function that works hands-on with portfolio management teams on go-to-market strategy, talent, and operational scaling once a company has crossed the growth-stage revenue threshold.
Stage Focus
Qumra invests almost exclusively at the growth stage, targeting companies that have already reached at least $10 million in annualized revenue and are scaling from roughly $10 million to $100 million-plus in ARR. This is not a seed or early-stage fund; portfolio evidence (Series C, D, and later rounds) confirms a consistent focus on companies with established commercial traction rather than pre-revenue or early product-market-fit stories.
Check Size
The firm typically deploys $15 million to $30 million per initial investment and has led C-rounds ranging from $20 million to $60 million. Reserves are held for meaningful follow-on participation, as shown by its continued involvement in Datarails across multiple rounds.
Lead Tendency
Qumra most often leads or is the sole institutional investor in a round, particularly on first checks — it led Buildots' $45M Series D as a new investor and led Qodo's $70M Series B. It also participates as a syndicate member in later, larger rounds where it has an existing position, as seen in Datarails' $70M Series C led by One Peak.
Recent Activity
Qumra has been actively deploying through early 2026. Notable recent moves include leading Qodo's $70 million Series B in March 2026 to back the Israeli AI code-verification platform (whose rise the firm helped catalyze by featuring it on its own "Tomorrow's Growth Companies" list), participating in Datarails' $70 million Series C in January 2026, and leading Buildots' $45 million Series D in May 2025 — its first investment in the AI-powered construction management company, with Managing Partner Boaz Dinte joining the board. Historically the firm invests in roughly two new companies per year, consistent with its concentrated, high-conviction growth strategy.
Portfolio Highlights
Qumra's active portfolio spans enterprise software, fintech/FP&A, cybersecurity-adjacent insurance, proptech, healthcare, and consumer categories, including Sensi.AI (eldercare monitoring), Buildots (construction AI), Agora (real estate investment management), Datarails (FP&A), AppsFlyer (mobile attribution), Minute Media (sports media), Lightricks (creative technology), Augury (industrial equipment health), At-Bay (cyber insurance), Connecteam (workforce management), TytoCare (telehealth), Aquant (service intelligence), Nexar (vehicle AI network), Skai (marketing intelligence), Snappy (corporate gifting), Sweett (travel-tech), and Rapid (API platform, formerly RapidAPI).
Notable exits and public outcomes include Fiverr (NYSE: FVRR), JFrog (NASDAQ: FROG), Taboola (NASDAQ: TBLA), Riskified, Talkspace, IntSights, Vdoo (acquired by JFrog), Ermetic (acquired by Tenable), and Guardicore (acquired by Akamai) — a track record that underscores the firm's ability to back companies through to public or strategic exit outcomes.
Team
Qumra was co-founded by two Managing Partners who lead investment strategy: Boaz Dinte and Erez Shachar, both with over two decades in the Israeli tech market. The broader investment and operating team includes:
- Boaz Dinte, Managing Partner
- Erez Shachar, Managing Partner
- Sharon Barzik Cohen, Partner & CFO
- Boaz Morris, Partner
- Reut Yehuda Golan, Partner
- Omri Strul, Partner, Qumra Opportunity Fund
- Yoni Greifman, Partner
- Ofer Vishkin, Investment Manager
- Gaya Shiloah, Associate
- Chen Ephraim, VP Finance
- Lior Linkovski Lahav, VP of Value Creation
- Ophira Stein, Head of Investor Relations Operation
- Michal Lehner, Director of Investor Relations
- Tamar Naveh, Head of Investor Relations
Decision Process
Qumra describes a disciplined, analytical investment process built on extensive diligence and strong co-investor relationships for deal sourcing. With a compact partnership (two co-founding Managing Partners plus several dedicated Partners), decisions are made through a partnership-style process rather than a large formal investment committee, though the firm emphasizes efficient, transparent decision-making with existing investors and management aligned on growth strategy before closing.
Founder Preferences
Qumra backs founder and management teams that have already demonstrated they can build and scale a data-driven, capital-efficient business to meaningful revenue. The firm's Value Creation practice suggests a preference for teams open to hands-on operational partnership on go-to-market execution, international (especially US) expansion, and organizational scaling, rather than purely hands-off capital.
Geographic Focus
Qumra is unambiguously Israel-centric on the origination side — it invests in Israeli technology companies — while explicitly backing those companies' expansion into global markets, especially the United States, where most portfolio companies sell.
Fund Status
Qumra has raised at least four funds: Fund II ($150M, closed 2018), Fund III ($260M, closed December 2020), and Fund IV (~$275M, raised 2023), alongside a dedicated Qumra Opportunity Fund for follow-on capital. The firm's website states it manages over $1 billion in assets under management across its fund history, consistent with continued fundraising and active deployment through 2026.