Kornit Digital Bundle
Who Owns Kornit Digital?
Kornit Digital, a pioneer in digital textile printing, went public in 2015. Founded in Israel in 2002, the company focuses on sustainable, on-demand production technologies for the fashion and textile industries.
The company's mission is to transform textile manufacturing by replacing outdated analog methods with advanced digital solutions that meet modern supply chain needs and consumer desires.
As of August 19, 2025, Kornit Digital holds a market capitalization of approximately $671.92 million. Their innovative solutions, including direct-to-garment and direct-to-fabric printing systems, are utilized by customers in over 100 countries, supporting efficient and environmentally conscious workflows, as seen in their Kornit Digital PESTEL Analysis.
Who Founded Kornit Digital?
Kornit Digital Ltd. was established in Israel in 2002, with Ofer Ben-Zur recognized as a co-founder. Ben-Zur has been a director since the company's inception and previously held executive roles including CEO and CTO. While specific details on the initial equity distribution among all founders are not publicly disclosed, the company's early vision focused on digital textile printing innovation.
| Founder | Role | Tenure |
| Ofer Ben-Zur | Co-Founder, Director, former CEO, former CTO | Since 2002 |
Kornit Digital was founded in 2002 in Israel.
Ofer Ben-Zur is a co-founder and has been a director since 2002.
Fortissimo Capital Fund II was a significant early investor and largest shareholder pre-2017.
Yuval Cohen of Fortissimo Capital served as Chairman of the board from August 2011.
The company's establishment was driven by a vision to revolutionize textile printing.
A secondary public offering in 2017 altered the ownership landscape.
In its formative years, Fortissimo Capital Fund II (Israel) L.P. played a crucial role as an early supporter and became the largest shareholder before the company's secondary public offering in 2017. This period saw significant strategic input, with Yuval Cohen, the founding and managing partner of Fortissimo Capital, taking on the position of Chairman of Kornit's board of directors in August 2011. While specific details regarding initial ownership percentages, founder agreements, or early ownership disputes are not readily available in public records, the founding team's ambition to transform the textile industry through digital printing was the bedrock of the company's initial growth and development. Understanding the Growth Strategy of Kornit Digital provides further context to these early ownership dynamics.
Kornit Digital's early ownership structure was significantly influenced by its founders and key private equity investors.
- Ofer Ben-Zur, a co-founder, held executive and directorial roles from inception.
- Fortissimo Capital Fund II was a major early investor and shareholder.
- Yuval Cohen, representing Fortissimo Capital, served as Chairman of the Board.
- The company's founding mission centered on digital textile printing innovation.
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How Has Kornit Digital’s Ownership Changed Over Time?
Kornit Digital's ownership journey began with its public debut on April 2, 2015, on the Nasdaq Global Market. This initial public offering (IPO) raised over $122 million. Subsequent public offerings and share sales by existing shareholders, including a significant stake held by Fortissimo Capital Fund II, have shaped its investor base over the years.
| Event | Date | Details |
|---|---|---|
| Initial Public Offering (IPO) | April 2, 2015 | Offered 7.1 million ordinary shares at $10.00 per share, raising over $122 million. |
| Secondary Public Offering | January 2017 | Offered 7.5 million ordinary shares at $16.50 per share; 5.5 million shares sold by existing shareholders, notably Fortissimo Capital Fund II. |
| Public Offering | September 2020 | Sold 3.6 million ordinary shares, including 1.6 million shares from an affiliate of Amazon.com, Inc. |
The ownership landscape of Kornit Digital is heavily dominated by institutional investors, reflecting a strong endorsement from the financial community. As of August 12, 2025, institutional holdings were reported at an impressive 100.94%, underscoring their significant influence. Insider ownership, in contrast, represented a smaller portion at 0.2% as of the same date. These institutional stakeholders play a crucial role in the company's strategic direction and capital allocation, supporting initiatives such as the acquisition of Custom Gateway in 2020, which enhanced its workflow solutions. Understanding the Target Market of Kornit Digital is key to appreciating the strategic value these investors see in the company.
Major institutional investors hold substantial stakes in Kornit Digital, indicating significant confidence in the company's future prospects.
- Senvest Management, Llc: 3,972,255 shares (as of June 30, 2025)
- Morgan Stanley: 3,066,891 shares (as of June 30, 2025)
- Chicago Capital, Llc: 3,064,751 shares (as of June 30, 2025)
- Artisan Partners Limited Partnership: 2,778,422 shares, representing 6.1% of outstanding class (as of August 12, 2025)
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Who Sits on Kornit Digital’s Board?
Kornit Digital's corporate governance is guided by a nine-member board of directors, with Yuval Cohen serving as Chairman since August 2011. Ofer Ben-Zur, a co-founder, has been a board member since 2002, and CEO Ronen Samuel joined the board in August 2019.
| Director Name | Role | Affiliation/Notes |
|---|---|---|
| Yuval Cohen | Chairman | Founding and managing partner of Fortissimo Capital |
| Ofer Ben-Zur | Director | Co-founder of Kornit Digital |
| Ronen Samuel | Director & CEO | CEO since August 2018 |
| Gabi Seligsohn | Director | |
| Stephen Nigro | Director | |
| Dov Ofer | Director | |
| Dr. Naama Halevi Davidov | Director |
In line with Nasdaq requirements, a majority of Kornit Digital's board members are classified as independent directors. The company has established an audit committee and a compensation committee, both comprised solely of these independent directors. Kornit Digital operates on a one-share-one-vote principle, with 50,001,214 ordinary shares issued and outstanding as of February 23, 2023. The company has indicated it is not aware of any single shareholder holding a controlling stake, typically defined as 25% or more of voting rights without another shareholder exceeding 50% under Israeli law. There is no public information suggesting the existence of dual-class shares or special voting rights that would grant disproportionate control to any party, reflecting a commitment to transparency in its corporate structure.
Kornit Digital's ownership is structured around a standard one-share-one-vote system, ensuring each share carries equal voting power. This approach is common for companies listed on major exchanges like Nasdaq.
- Kornit Digital is a publicly traded company, meaning its shares are available for purchase by the general public.
- The company adheres to Nasdaq's listing rules, which include requirements for board independence.
- As of early 2023, there were over 50 million ordinary shares outstanding.
- Kornit Digital does not publicly identify any single controlling shareholder.
- For a deeper dive into the company's journey, explore the Brief History of Kornit Digital.
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What Recent Changes Have Shaped Kornit Digital’s Ownership Landscape?
Over the past few years, Kornit Digital has actively managed its share structure through a significant share repurchase program, impacting its ownership trends. The company's commitment to returning value to shareholders is evident in its ongoing buyback initiatives.
| Activity | Period | Amount |
|---|---|---|
| Share Repurchase Program Authorization | September 2024 | Up to $100 million |
| Shares Repurchased (since 2023) | 2023 - August 2025 | Approx. 6.7 million shares |
| Total Consideration for Repurchases | 2023 - August 2025 | $165 million |
| Cash and Liquid Investments (Q2 2025) | Q2 2025 | Approx. $489 million |
| Debt | Q2 2025 | $0 |
Kornit Digital's ownership profile has been shaped by strategic share repurchases and a focus on operational growth. The company's leadership remains stable, with Ronen Samuel as CEO since 2018 and co-founder Ofer Ben-Zur continuing as an independent director. This stability supports the company's strategic direction, which is heavily influenced by the industry-wide move towards localized, on-demand, and sustainable manufacturing practices. The 'pay-per-print' leasing model, part of the All-Inclusive Click (AIC) program, is a key element of this strategy, contributing to a more predictable revenue stream. For instance, annual recurring revenues from this program reached $14.5 million in Q1 2025 and approximately $18.9 million in Q2 2025. Kornit reported revenues of $49.8 million for Q2 2025 and is targeting positive adjusted EBITDA for the full year 2025, demonstrating a clear path towards improved financial performance.
The company has authorized a $100 million share repurchase program in September 2024. This builds on previous buybacks, with approximately 6.7 million shares repurchased for $165 million since 2023.
Kornit Digital maintains a strong balance sheet with approximately $489 million in cash and liquid investments as of Q2 2025. The company has no outstanding debt, providing ample resources to fund its repurchase programs.
The company is strategically positioned to capitalize on the shift towards sustainable and on-demand production. Its AIC program, offering a 'pay-per-print' model, is a key driver of predictable revenue growth.
With consistent leadership and a focus on operational efficiency, Kornit Digital aims for positive adjusted EBITDA in 2025. This reflects a commitment to achieving profitability and enhancing shareholder returns, aligning with the insights discussed in Revenue Streams & Business Model of Kornit Digital.
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- What is Brief History of Kornit Digital Company?
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- What is Growth Strategy and Future Prospects of Kornit Digital Company?
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- What is Customer Demographics and Target Market of Kornit Digital Company?
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