PICO Venture Partners News
4 articles
"יש לי נטייה להשקיע ביזמים שגדלו בירושלים, אבל גם חיפאים זה בסדר"
PICO Venture Partners, a venture capital firm, has managed investments worth $140 million. Despite being established only five years ago, it has already recorded four exits in the hundreds of millions of dollars. The fund managers, Eli Wortman and Claudia De Antony, discuss what they look for in entrepreneurs and why money is not the sole objective. They believe in the ability to identify an industry that is waiting for or requires change, focusing on software-based solutions that offer an innovative response to inefficiency or an existing problem in the market.
InvestmentManagement Changes
PICO Venture Partners appoints two women as leading executives
Israeli early stage VC, PICO Venture Partners, has appointed Claudia De Antoni as Operating Partner and Keren Kenan as VP of Finance and Operations. PICO is known for funding early stage startups and helping them become global forces. De Antoni will be responsible for new investments and value creation activities, while Kenan will oversee finance and operations. The appointments aim to support the growth of PICOs portfolio companies. Both De Antoni and Kenan bring extensive experience to their roles. PICO Venture Partners has offices in Jerusalem, Tel Aviv, and New York.
Management Changes
Wurtman's roller coaster: From fears of bankruptcy in March to $6 billion exits in June
Elie Wurtman, founder of Pico Venture Partners, has seen two of his investments, Spot.io and Vroom, achieve significant success during the coronavirus pandemic. Spot.io, a cloud services company, was sold for $450 million, while Vroom, an online platform for buying and selling used cars, went public on Nasdaq at a market cap of $2.5 billion, which then rose to $5.5 billion. Wurtman attributes the success of these companies to their suitability for a world working remotely and avoiding unnecessary human contact. He also notes that the pandemic has accelerated the worlds move towards online products and remote work tools.
InvestmentAcquisition
Pico Ventures Raises $80 Million Fund
Jerusalem-based venture capital firm Pico Venture Partners has closed its second fund with $80 million in capital commitments, bringing its total managed funds to $130 million. The firm invests in early-stage startups across various industries and has invested in 15 companies to date. Pico recently led a $4 million seed round in Israeli autotech startup Ravin AI Ltd. The firm has offices in Jerusalem, Tel Aviv, and New York.
Investment
