JVP, founded in Jerusalem in 1993 by Erel Margalit, has overseen at least 26 successful exits, more than any other Israel-based investor. The firm has led some of the most successful exits in Israeli history, including the IPO of business intelligence (BI) software company QlikTech- valued at more than $2.5 billion, and the sale of Chromatis Networks to Lucent Technologies for $4.8 billion, the largest sale of an Israeli company ever to that point. On May 2012 JVP portfolio company XtremIO, established in 2009, was sold to EMC Corporation for $430 million. Additional notable companies backed by JVP are Allot Communications, Altair Semiconductor, AnyClip, Cogent Communications, Cyber-Ark, Fundtech, Jacada, Navajo Systems, Netro, Playcast Media Systems, Precise, Sheer Networks, Qlipso, XMPie and more.
In 2005, Forbes international business magazine selected Margalit as the top-ranking non-American venture capitalist on its "Midas (The Golden Touch) List". In 2010, The Marker Magazine named him the best venture capitalist in Israel.
In 2013, JVP signed an agreement to sell CyOptics Inc. to Avago Technologies, a developer of analog interface components, for $400 million.
In 2007, Erel Margalit established a Media Quarter in and around the historical train station compound in Jerusalem. Beside the main venture capital firm, the Media Quarter houses the JVP Media Labs, a technological early stage investment incubator; 10 start-up media companies; "Zappa Jerusalem in the Lab," a music club and concert venue for some of Israel's leading singers, and "JVP Community" ("Bakehila"), a youth empowerment program supporting up to 3,000 youngsters in 5 underprivileged Jerusalem neighborhoods.