Dana Gross Joins Carmel Ventures as Venture Partner1
Carmel Ventures, a leading Israeli venture capital firm with over $600 million under management, announced today that Ms Dana Gross, former SVP and Israel Country Manager of SanDisk Corporation (NASDAQ: SNDK), will be joining the fund as a Venture Partner. Dana is joining Carmel following an impressive career spanning over 16 years at SanDisk, the world’s largest supplier of flash storage cards, and in M-Systems that was acquired by SanDisk in 2006 for $1.6 billion.
Dana will work closely with Carmel’s team to continue to add value to Carmel’s existing portfolio companies and to develop new investment opportunities.
"I am very happy to join the exceptional team of Carmel Ventures in helping entrepreneurs build great companies," commented Dana Gross. "I have served in a range of positions, in various growth stages - from a small start-up to a global category leader - and I look forward to sharing my experience with our portfolio companies.”
“We are honored and excited to welcome Dana to Carmel,” added Avi Zeevi, Founder and General Partner of Carmel Ventures. “Her vast knowledge of the communications and semiconductors markets combined with her significant and diversified operational experience and extensive global ecosystem will be invaluable assets to Carmel’s portfolio companies. Dana is an important addition to the team we have built to serve the very best Israeli entrepreneurs.”
Dana, 41, served as SVP and Israel Country Manager of SanDisk Corp. since 2006. In 2002 she was appointed Chief Marketing Officer at M-Systems and held the position until the acquisition by SanDisk in 2006. She began her career at M-Systems in 1992 as VP Operations, and held several executive positions: CFO & VP Finance, President of M-Systems Inc. (US subsidiary), VP World Wide Sales, and EVP – DiskOnChip Business Unit Manager. Dana earned her BS in Industrial Engineering from Tel-Aviv University and her MBA from San Jose State University.
About Carmel Ventures
With over $600 million currently under management, several successful exits, and a growing portfolio of promising start-ups, Carmel is among Israel’s top-tier venture capital funds. Carmel’s investments are focused primarily on early stage companies in the fields of Software, Communications, Internet, Media, Semiconductors, and Consumer Electronics. Founded in 2000 by pioneers and leaders of the Israeli high tech industry, Carmel provides significant capital and active, hands-on support through the growth cycle of its portfolio companies and is recognized as a true company building fund in Israel. Carmel, headquartered in Herzliya, Israel enjoys a worldwide network of industry, strategic and investment resources.
Carmel is an affiliate of the Viola Partners Group, a leading innovative private equity investment group with over $1.8B under management focused on technology-based investment opportunities in Israel. For more information, please visit www.carmelventures.com.