Itzik Parnafes • General Partners
Israel •Joined Battery in 2009
Itzik focuses on investments in information technology, including fin-tech and consumer services. He is currently on the boards of Cheq, GetYourGuide, Kodiak Robotics, Minute Media, Omio, Quantum Machines, Sisense, Soldo and Zeitgold. He is a board observer for Scodix, N26 and Zerto and led Battery’s investments in Delphix and Gong.io.
Itzik was previously on the board of Elastifile (acquired by Google); InsertMobile (acquired by Pendo); LightCyber and Cyvera (both acquired by Palo Alto Networks); Panaya (acquired by Infosys); and XtremIO (acquired by EMC).
He also spent time working alongside the Battery investment team as an entrepreneur-in-residence in the firm’s Israel office. Before Battery, Itzik was a partner with Stata Ventures, where he led investments in Provigent (acq: Broadcom), Comability (acq: Ruckus Wireless), Sentrigo (acq: Symantec) and ZikBit.
Before venture investing, Itzik spent the majority of his career as an entrepreneur. He co-founded Kagoor Networks, a leader in voice-over-IP technologies, and led it to a successful acquisition by Juniper Networks, its first acquisition of an Israeli company. Previously, Itzik led the R&D of Class Data Systems until it was acquired by Cisco Systems, the first of many acquisitions in Israel. Before joining the private sector, Itzik led a landmark infrastructure project in the Israeli Defense Forces (IDF) that won the prestigious Israel Defense Award.
In 2017, 2018 and 2019, Itzik was on the Forbes Midas List Europe. Itzik holds a BSc summa cum laude in computer science and math from the Technion – Institute of Technology.
Lanes & Planes • Soldo • Gong.io • Kodiak Robotics • Quantum Machines • Cheq • GetYourGuide • Zeitgold • N26 • Minute Media • Excelero • Leadspace • Scodix • Sisense • Omio • Delphix • Zerto
Insert Mobile • LightCyber • Primary Data • Elastifile • Cyvera • XtremIO • Panaya • cVidya Networks
Area of Interest
I am passionate about technology. When I think about a system: a disk array, a data center, a memory chip, a payment service – my immediate instinct is to take it apart, understand how it works, build it from scratch to be better. I also love companies – a collection of individuals creating something bigger than their cumulative sum. I am lucky to have a job that allows me to combine my two passions and do some good. • I spend most of my time thinking about the enterprise of the future: how it runs IT; how it manages product, sales and marketing; how it collects revenue; what it outsources and what it keeps in-house. My investments fulfill my interests in these areas, and my eclectic taste in others.
Application Software • IT Infrastructure • Consumer Internet/Mobile