Oren Zeev
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Oren Zeev (; September 23, 1964,
Haifa Haifa ( ; , ; ) is the List of cities in Israel, third-largest city in Israel—after Jerusalem and Tel Aviv—with a population of in . The city of Haifa forms part of the Haifa metropolitan area, the third-most populous metropolitan area i ...
, Israel) is an
Israeli-American Israeli Americans () are Americans who are of full or partial Israeli descent. The Israeli-American community, while predominantly Jewish, also includes various ethnic and religious minorities reflective of Israel's diverse demographics. This c ...
billionaire A billionaire is a person with a net worth of at least 1,000,000,000, one billion units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. It is a sub-category of the concept of the ultr ...
businessman. He is
venture capitalist Venture capital (VC) is a form of private equity financing provided by firms or funds to startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number ...
and head of Zeev Ventures, a
Silicon Valley Silicon Valley is a region in Northern California that is a global center for high technology and innovation. Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical area of the Santa Clara Valley ...
–based
venture capital Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...
firm with early-round investments in technology companies. Zeev has had notable investments in
Houzz Houzz is an American website, online community and software for architecture; interior design and decorating; landscape design and home improvement. It was founded in 2009 and is based in Palo Alto, California. History Houzz was founded as an o ...
,
Audible Audible may refer to: * Audible (service), an online audiobook store * Audible (American football), a tactic used by quarterbacks * ''Audible'' (film), a short documentary film featuring a deaf high school football player * Audible finish or ru ...
,
Chegg Chegg, Inc., is an American Educational technology, education technology company based in Santa Clara, California. It provides homework help, digital and physical textbook rentals, textbooks, online tutoring, and other student services. The comp ...
, Navan, Inc., and Tipalti. He is co-founder and co-chairman of ICON, a non-profit organization focused on bridging Israeli and
Silicon Valley Silicon Valley is a region in Northern California that is a global center for high technology and innovation. Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical area of the Santa Clara Valley ...
technology and business. As of January 27, 2024,
Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...
listed Oren Zeev net worth at US$2.2 billion, ranking him 1393 on the Billionaires list and he was ranked 15th among the top wealthiest people in Israel.


Engineering career

Zeev graduated BsC Cum Laude, EE from Technion-Machon Technologi Le' Israel, and earned an
MBA A Master of Business Administration (MBA) is a professional degree focused on business administration. The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular a ...
with Distinction in Business from
INSEAD INSEAD ( ; French: ''Institut européen d'administration des affaires'') is a non-profit business school with locations in Europe (Fontainebleau, France), Asia (Singapore), the Middle East (Abu Dhabi, UAE) and North America (San Francisco, USA ...
in France. Zeev developed and implemented image and signal processing algorithms prior to his career as a venture capitalist. He was a Research staff member at
IBM International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American Multinational corporation, multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is ...
and part of the founding team of IBM's chip design group in Haifa, Israel.


Investment career

Following his time at IBM, Zeev spent 12 years at
Apax Partners Apax Partners LLP is a British private equity firm, headquartered in London, England. The company also operates out of six other offices in New York, Hong Kong, Mumbai, Tel Aviv, Munich and Shanghai. As of March 2024, the firm had raised and adv ...
as a General Partner. He joined in January 1995 as part of the founding team of Apax Israel. In 2002, Zeev moved to the US and co-headed, and later headed, the Technology Practice of Apax and its Silicon Valley office. His first investment was
Audible Audible may refer to: * Audible (service), an online audiobook store * Audible (American football), a tactic used by quarterbacks * ''Audible'' (film), a short documentary film featuring a deaf high school football player * Audible finish or ru ...
where he was also a board member.


Zeev Ventures

In 2007, Zeev established Zeev Ventures in
Palo Alto Palo Alto ( ; Spanish language, Spanish for ) is a charter city in northwestern Santa Clara County, California, United States, in the San Francisco Bay Area, named after a Sequoia sempervirens, coastal redwood tree known as El Palo Alto. Th ...
to focus on early-stage companies. At Zeev Ventures, he has been an early investor and has held board and chairmanships at various companies including Houzz,
Chegg Chegg, Inc., is an American Educational technology, education technology company based in Santa Clara, California. It provides homework help, digital and physical textbook rentals, textbooks, online tutoring, and other student services. The comp ...
, Homelight, Tipalti, TripActions (now Navan), which is preparing for an IPO in 2025 with Zeev Ventures among its key investors, and
NEXT Insurance NeXT, Inc. (later NeXT Computer, Inc. and NeXT Software, Inc.) was an American technology company headquartered in Redwood City, California that specialized in computer workstations for higher education and business markets, and later develope ...
. For Houzz, Zeev led the Series A round in the company in 2010, and then invested another $20 million from his fund, Zeev Ventures, expanding on the 8% of the company he already owned.


Tipalti

In 2010, Zeev Co-founded Tipalti when another one of Zeev's portfolio companies approached him with a major challenge they were facing around processing payouts to their global partners. To explore and address this problem, Zeev recruited Chen Amit, who he had studied and gotten his MBA with while at
INSEAD INSEAD ( ; French: ''Institut européen d'administration des affaires'') is a non-profit business school with locations in Europe (Fontainebleau, France), Asia (Singapore), the Middle East (Abu Dhabi, UAE) and North America (San Francisco, USA ...
, to create and run the company. Tipalti now processes over $11 billion in annual transaction for over 1,000 clients and over 4 million suppliers around the world. In 2014, Zeev was featured in
Techcrunch TechCrunch is an American global online newspaper focusing on topics regarding high tech, high-tech and Startup company, startup companies. It was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington and Keith Teare. I ...
on his investment approach that has achieved an annual 100 percent IRR. In 2017,
Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...
wrote an article about Zeev's unique investment approach that had led to such a high portfolio success rate. In 2019, Zeev was profiled by
CNBC CNBC is an American List of business news channels, business news channel owned by the NBCUniversal News Group, a unit of Comcast's NBCUniversal. The network broadcasts live business news and analysis programming during the morning, Day ...
on how he chooses start-ups for investment.


Personal life

Zeev was born in Haifa, Israel in 1964. He moved to California with his wife, Hagit Zeev, and two children in 2002. Zeev currently lives in
Los Altos Hills, California Los Altos Hills (; ''Los Altos'', Spanish for "The Heights") is an incorporated town in Santa Clara County, California, United States. The population was 8,489 at the 2020 census. The town is known for its affluence and expensive residential ...
.


List of startup investments

*
Houzz Houzz is an American website, online community and software for architecture; interior design and decorating; landscape design and home improvement. It was founded in 2009 and is based in Palo Alto, California. History Houzz was founded as an o ...
*
Audible Audible may refer to: * Audible (service), an online audiobook store * Audible (American football), a tactic used by quarterbacks * ''Audible'' (film), a short documentary film featuring a deaf high school football player * Audible finish or ru ...
*
Chegg Chegg, Inc., is an American Educational technology, education technology company based in Santa Clara, California. It provides homework help, digital and physical textbook rentals, textbooks, online tutoring, and other student services. The comp ...
* TripActions * Tipalti * Homelight * Duda * Crossrider *
Wibiya Wibiya was an online toolbar platform that offered web publishers the option to add web applications to their respective websites at no cost. With these web apps, the company aims to provide publishers with services and features that are design ...
*
Next Insurance NeXT, Inc. (later NeXT Computer, Inc. and NeXT Software, Inc.) was an American technology company headquartered in Redwood City, California that specialized in computer workstations for higher education and business markets, and later develope ...
* Loop Commerce * AngelSense * Redkix * vFunction * Reali * Seal * Domestika *
Uber Uber Technologies, Inc. is an American multinational transportation company that provides Ridesharing company, ride-hailing services, courier services, food delivery, and freight transport. It is headquartered in San Francisco, California, a ...
Freight * Hippo Insurance * Stackbit * ProteanTecs * UpNine * Explorium * Fieldin * Veev * Sunbit * Firebolt * Uniper * Treeverse * dLocal


References


External links


Zeev Ventures
{{DEFAULTSORT:Zeev, Oren 1964 births American business executives Angel investors American venture capitalists Israeli venture capitalists American people of Israeli descent Israeli financial businesspeople Living people Technion – Israel Institute of Technology alumni INSEAD alumni