Magenta Venture Partners News
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Magenta Venture Partners Announces Early Stage Fund Targeting $100 Million
Israel-based venture capital firm Magenta Venture Partners has announced a new fund targeting $100 million for early stage investments in various domains. The company, founded in October 2018, is a partnership between two Israeli venture capitalists and Japanese trading company Mitsui & Co. Magenta has already raised most of the sum in commitments and expects to close the fund in 2019. The investors in Magenta are large Japanese companies, including Koito Manufacturing Co. Ltd. Mitsui intends to strengthen its investment and business promotion activities in Israel through the fund.
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Magenta VC fund nears $100m target
Israeli venture capital firm Magenta Venture Partners has announced a new $100 million fund to invest in Israeli startups. The fund, which had its initial closing in October 2018 and is planning its final closing in 2019, is an equal partnership between Japanese trading and investment company Mitsui & Co. Ltd., and Israeli venture capitalists Ori Israely and Ran Levitzky. Magenta Venture Partners specializes in early-stage investments in Israeli and Israeli-related technology startups in various sectors. The fund aims to provide financial support and value-driven expertise to startups, leveraging the experience and resources of its investors. The investors in Magenta Venture Partners include Mitsui & Co. Ltd. and Koito Manufacturing Co. Ltd., who are looking to identify innovative technologies in Israel.
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