Pitango VC News
19 articles
growth-positive
Pitango launches Web 3.0 venture lab, setting up DAO CTech
Pitango First has launched a Venture Lab, First Labs, to bridge the gap between Web 2.0 and Web 3.0. The lab aims to serve as a hub for knowledge sharing, project creation, and exposure to industry trends. The lab will operate using a DAO, the first in Israel to be founded by a traditional VC. The DAO will be led by Aviv Barzilay of Pitango First and a DAO Council. The lab is designed to meet the unique needs of the crypto space and has partnered with top-tier crypto-native companies and domain experts to build a strong ecosystem.
PartnersExpand
growth-positive
Liron Wand and Jonathan Glazer join Pitango as Venture Partners CTech
Israeli venture capital firm Pitango has appointed two new Venture Partners, Liron Wand and Dr. Jonathan Glazer. Wand, formerly at Google and Facebook, joins Pitango Growths team, while Glazer, the former Head of the Ambulatory Care Service in Tel Aviv Sourasky Medical Centers Emergency Department, joins the Healthtech team. Pitango has raised over $2.8 billion to date and invests via three dedicated funds: Pitango First, Pitango Growth, and Pitango HealthTech.
PartnersManagement Changes
growth-negative
מסממני האכזבה מספאקים: קרן הון הסיכון פיטנגו מבטלת את ההנפקה כלכליסט
קרן הון הסיכון פיטנגו מבטלת את ההנפקה הקרן ותיכננו לגייס 230 מיליון דולר לחברת ספאק בשם Amplify במטרה למזג אותה עם חברת טכנולוגיה ישראלית.
Investment
growth-positive
פיטנגו תדרוש מהחברות בהן תשקיע מחויבות להשפעה חברתית וסביבתית - Chiportal
Israeli venture capital firm Pitango has announced that it will include a specific ESG (Environmental, Social, and Governance) clause in all its investment agreements (Term Sheet). Both the fund and the company commit to work together on two main areas: diversity and inclusion, and environment (carbon footprint, solutions to the climate crisis). This move positions Pitango as a pioneer of responsible investments in the Israeli venture capital industry. The commitment to ESG in its investment agreements reflects Pitangos values and those of the entrepreneurs and embodies the principles underlying the parties decision to embark on a joint path.
Investment
growth-positive
Pitango and Chemi Peres launching $230 million SPAC
Pitango Venture Capital is launching a special purpose acquisition company (SPAC) named Israel Amplify Program (ISAP) with the aim of raising up to $200 million in an initial public offering. ISAP plans to merge with a technology company in Israel. The company may also raise an additional $45 million, increasing its value to $250 million. The anchor investor intends to purchase up to 9.8% of the offering. ISAP is led by Chairman Chemi Peres and CEO Asher Levy. The company aims to identify attractive technology-based businesses in Israel and execute complex business combination transactions to enhance shareholder value.
Public TradingInvestmentAcquisitionManagement Changes
growth-positive
Pitango raises $175 million for new fund focusing on seed and early-stage companies
Israel-based Pitango Venture Capital is set to complete a new $175 million fund, named Pitango Venture Capital 8, which will invest in young startups at the seed round stage. The fund has already raised most of its target amount and can start investing. Pitangos early-stage investments focus on deep-tech companies that develop breakthrough solutions and make a positive impact on the world. The company invites entrepreneurs with interesting ideas to visit their offices in Tel Aviv, Herzliya, or via Zoom. Pitango has over $2.3 billion in assets under management and a portfolio that includes Via Transportation, Foursquare Labs, and ForeScout Technologies.
Investment
growth-positive
Venture Capital Firm Pitango Raises $250 Million Growth Fund
Pitango Venture Capital has raised $250 million for a new growth fund. This is their second growth fund, with the first also being $250 million raised in 2015. The partners leading the new fund include Isaac Hillel, Aaron Mankovski, and Idit Muallem. Pascal Cagni, the founding partner at C4 Ventures and a former vice president at Apple, will serve as venture partner. Pitango continues to invest in all stages and areas, even during the global turmoil. Pitango has over $2.3 billion in assets under management and has invested in more than 250 companies to date.
Investment
growth-negative
The Tech Sector Is Agile in Responding to Crises, Says Pitango Managing Partner
Aaron Mankovski, managing general partner at Pitango Venture Capital, discusses the impact of the Covid-19 crisis on the Israeli tech sector. He mentions that the tech sector is agile in responding to crises and believes it will weather the storm. However, casualties are inevitable. He advises companies to assess their market, financial stability, and customers needs, and to take defensive measures in the short term. He also emphasizes the importance of not panicking and taking care of employees and customers. The lasting impact of the pandemic on social, economic, and cultural norms is uncertain. The article does not mention any specific customers or partners.
CustomersPartners
growth-positive
Pitango Venture Capital Appoints Gad Huldai as Partner
Pitango Venture Capital has appointed Gad Huldai as a partner at its early stage fund. Huldai has been with Pitango for the past three years as a venture partner and has been involved in investments in various companies. Pitango focuses on Israeli tech and healthcare companies and has over $2 billion in assets under management.
Partners
growth-positive
Pitango appoints 2 new partners
Pitango Venture Capital has announced the appointment of Idit Muallem-Yedid and Yair Cassuto as partners in its funds. Muallem-Yedid will focus on growth investments, while Cassuto will focus on early stage investments. The expansion of the partnership is seen as a positive move for the companys growth and its early stage and growth funds.
Management Changes
growth-positive
Pitango Looking to Raise $150 Million Health Tech Fund
Israel-based Pitango Venture Capital has launched a health tech fund with the aim of raising $150 million. The fund has already led a $7 million investment in Variantyx, a Massachusetts-based whole genome sequencing startup. Pitangos new fund will focus on companies in the domains of digital health, Health information technology (HIT), and med tech, with a possible outlook into diagnostics, biopharma, foodtech, and agtech. Pitango Venture Capital, founded in 1993, has more than $2 billion in assets under management and its portfolio companies include Via Transportation and ForeScout Technologies.
Investment
growth-positive
Pitango Taps Intel Capital's Director of Strategic Investments
Amir Faintuch, previously the director of strategic investments at Intel’s venture capital arm Intel Capital, has joined Israeli venture capital firm Pitango as an independent venture partner. Pitango focuses its investments on Israeli tech and healthcare companies at all stages.
Partners
growth-positive
Pitango's $1 Million Startup Competition Semi-Finalists Unveiled in New York
Pitango Venture Capital, an Israel-based firm, has revealed the 11 semi-finalists of its $1 million startup competition, Trifecta, at Calcalist’s third annual Mind the Tech Conference. The competition focuses on the intersection of data, machines, and humans. The startups, which showcased their technology at the semi-finals held at the New York offices of startup network SOSA, include Lynxight, Superb Reality Ltd., AIVF, Superfy, Partify, Imagry LLC, Litigate Ltd., Clique.ai, Senecio Ltd., Ottopia Technologies Ltd., and Convizit Ltd. The finals will be held in Israel in June.
Investment
growth-positive
Pitango Promotes Ayal Itzkovitz to Managing General Partner
Israel-based venture capital firm Pitango Venture Capital has promoted Ayal Itzkovitz to managing general partner. Itzkovitz, who co-founded former portfolio company Convergin, will now oversee the firms investments in Israeli tech and healthcare companies. Pitango has over $2 billion in assets under management and its portfolio includes companies like Via Transportation, Taboola.com, and ForeScout Technologies.
Management Changes
growth-positive
Pitango appoints Guy Ezekiel as general partner
Pitango Venture Capital has appointed Dr. Guy Ezekiel as a general partner in the fund. Ezekiel has extensive entrepreneurial and managerial experience leading startups and Fortune 500 companies in Israel and the US. He previously served as venture partner at Pitango and has held leadership positions in various healthcare companies. Pitango co-founder Rami Kalish stated that Ezekiels expertise in the life sciences market will help the company scout for innovation and assist portfolio companies in scaling. Ezekiel expressed excitement about returning to Pitango and the opportunities in the healthcare market.
Management Changes
growth-positive
TechNation: Pitango raises first $100m for growth fund
Pitango Venture Capital has raised its first tranche of capital, approximately $100 million, for its new Pitango Growth Fund. The fund aims to raise $250 million and will focus on investing in growth-stage startup companies that seek to increase sales and penetrate global markets. The company believes that the number of these companies will continue to grow in the coming years. The fund will be managed by Aaron Mankovski and Isaac Hillel.
Investment
growth-positive
New $250M Pitango Growth Fund Will Boost Israeli Scale-Ups
Pitango Venture Capital announces the first closing of its new Pitango Growth Fund, aiming for a $250 million fund size. The fund will focus on scaling companies to increase their revenues and cement their position. Pascal Cagni, former GM and VP of Apple Europe, joins Pitango Growth. The fund is created in response to Israeli entrepreneurs focus on building large companies for the long term.
InvestmentManagement Changes
growth-positive
Pitango Closes New $270M Fund Backed By Asian Money To Fuel More Startups Coming Out Of Israel
Pitango Venture Capital, an Israel-based investment company, has closed a $270 million fund to back Israeli companies and companies with an Israeli nexus operating in the U.S. and Europe. The fund received a significant portion of its investment from Asian investors, including those from China, India, Korea, Taiwan, Japan, and Singapore. Pitango has already started making investments from the fund, backing companies like Taboola, Magenta Medical, JethroData, SalesPredict, Ubimo, and Revizer. The company focuses on core technologies and areas such as big data, cloud and IT infrastructure, cyber security, internet infrastructure, and ad tech. Pitango currently manages $1.7 billion.
Investment
growth-positive
Pitango closes fourth fund at $300m
Pitango Venture Capital has closed its fourth round at $300 million, with both existing and new investors participating. The fund will focus on Israeli IT, medical technology, and equipment companies. Pitango co-founder Chemi Peres stated that they could have raised more money, but some investors were left out. He also mentioned that there were no Israeli institutional investors in this round, but they hope to have some in future funds. Peres expressed concern about the lack of an organized infrastructure of venture capital institutions in Israel. Pitango has already made an investment in Ness Technologies spin-off dbMotion with the money raised for its fourth fund.
Investment
