The Deal
Wednesday, November 19, 
6:04 pm

[Posted on June 19, 2006 - 4:04 PM]

For a fund most have barely heard of, Infinity Venture Capital is doing well. The sale of the Israeli venture capital firm's portfolio company ProActivity Software Solutions to EMC marks its 11th exit since the beginning of 2005. Infinity general partner Amir Gal-Or said the firm achieved a return of 100% on the ProActivity deal.

Infinity's most notable exit came last year when eBay.com spent $620 million to purchase of Shopping.com. Infinity held a 2% stake in the comparison shopping engine. Smaller exits include Stykker's $150 million purchase of Sightline, BMC Software's $150 million acquisition of Identity Software and Saifun Semiconductor's December IPO on Nasdaq.

Gal-Or said the ProActivity sale is a reward for the firm's willingness to support the business process outsourcing startup when other VCs wouldn't:

Infinity solely backed the Company and steadfastly supported it through its life cycle. When all of the other VCs curtailed active involvement, Infinity maintained its course and continued to strongly bolster and influence ProActivity's development. We were very involved in the management of ProActivity and guided it through the exit process.

Infinity isn't even among the best known venture capital firm in Israel. But, with 11 exits in 18 months, imagine how Carmel, Evergreen, Pitango, Sequoia and Benchmark are doing.

For more on the EMC's purchase of Proactivity see:
EMC's press release
Globes

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