Erel Margalit

Who is Erel Margalit?

Dr. Erel Margalit is an Israeli politician and a high-tech and social entrepreneur. He is currently a Member of the Knesset on behalf of the Labor Party. Previously, he was the founder and managing partner of the Jerusalem-based venture capital firm Jerusalem Venture Partners. In 2005, Forbes international business magazine selected Margalit as the top-ranking non-American venture capitalist on its prestigious "Midas List.” In 2010, The Marker Magazine named him the best venture capitalist in Israel. Margalit is a founder of the Avoda Now movement in 2011 which aimed to rehabilitate the Labour Party following the split by Ehud Barak and the creation of Haatzmaut Party. In 2013, Margalit was elected to the 19th Knesset as a representative of the Labor party. Margalit currently serves as a member of the prestigious Finance Committee and the Science and Technology Committee. He chairs the Parliamentary Task Forces for Economic Development in the North and the Negev, Cyber Protection and Combating Living Costs in Israel, and co-chairs the Parliamentary Task Force for Small and Medium Businesses, Integrating the Ultra-Orthodox in the High-Tech Sector, Employment for the Arab-Israeli Sector, 40+ Employment, and the Task Force for the City of Jerusalem.