Pitango Venture Capital - Israel’s Largest VC Fund

Pitango Venture Capital - Israel’s Largest VC Fund

Pitango Venture Capital is Israel’s largest VC fund. Established in 1993, today the company manages $2.8 billion in investments in over 250 companies. It focuses on all the investment stages of tech, science, and consumer-centric companies. In 2010, Pitango established the first fund in the country focused on Arab-Israeli investments.

 

The firm regularly partners with Chemi Peres, Aaron Mankovski, Rami Kalish, Eyal Niv, Guy Ezekiel, Daphna Cohen-Gersht and Bruce Crocker.

Investments

0

FUNDS

0

Exits

0

Data sourced from Crunchbase 2023

Overview of Pitango Venture Capital

Brief History

Pitango Venture Capital was founded by Rami Kalish in 1993 under the name Polaris Venture Capital. It was backed by an Israeli-government-sponsored program that offered tax incentives to foreign VC investments in Israel. Moreover, the government committed to double any investment the company received.

Since then, the company underwent several rebrandings. Today, it’s known as Pitango Venture Capital and invests in startups via three parallel funds: Pitango First, Pitango Growth, and Pitango HealthTech.

Geographically

Pitango VC was founded in Israel in 1993 and is currently headquartered in Herzliya. The firm also has offices in New York, NY and Palo Alto, CA.

Significant Investments

Pitango manages and invests in over 250 companies across all stages. It has led 85 of them to IPOs or exits. Recent IPOs and exits include:

  • CyberMDX: In February 2022, the Israeli cybersecurity firm ForeScout Technologies acquired Israeli startup, CyberMDX. The latter was funded in 2017 and raised $30 million in funding with lead investors Pitango and OurCrowd. It was acquired in just five years. 
  • Celeno Communications: In October 2021, the Israeli wifi company, Celeno Communications, was acquired by a Japanese company, Renesas Electronics Corporation, for approximately $315 million. Celeno was founded in 2005 and raised $140 million with lead investors Pitango, Bank Hapoalim, and others.
  • Neura: Also in October 2021, Otonomo, a provider of a pioneering vehicle data platform and marketplace, acquired Neura, an AI-powered Mobility Intelligence startup, for $50 million.

Pitango VC in the News

In April 2022, Liron Wand and Dr. Jonathan Glazer joined Pitango as Venture Partners. Wand holds an MBA and has headed Go-To-Market teams at Google, Facebook, and others. She was most recently Director Partnerships and Business Development at Facebook. Glazer holds an MD and MBA and is the former Head Head of the Ambulatory Care Service in Tel Aviv Sourasky Medical Center’s Emergency Department. He will be working in the firm’s Healthtech fund.

In June 2022, Pitango announced the upcoming launch of First Labs, a lab that will focus on early stage web3 technologies, tokenization, NFTs, and more. Its purpose is to support sustainable VC in the web3 world and to help companies transition from Web2 to Web3.

In October 2022, Pintago HealthTech added Hila Karah as Managing Partner and Joel Schoppig as Senior Principal. Karah has over 20 years of life sciences investment and is the former Chief Investment Officer of Eurotrust, while Schoppig served as VP Strategy at Healthy.io, a healthtech company that turns smartphone cameras into clinical-grade medical devices.

More Companies in Asia and Oceania

SoftBank

SoftBank Group

SoftBank Group is a Japanese conglomerate with various subsidiaries and investments around the world. Read about the company’s history and find out more about its most significant investments.

Read More
Ventech China

Ventech China

Ventech China, a venture capital company with a range of interesting investments in various industries. Read about its history and find out more about its significant investments.

Read More
Far East Ventures

Far East Ventures

Far East Ventures is an all-stage, all-sector venture capital firm based in the Asian Pacific. The company has a keen interest in investing in disruptive technologies within every sector including med-tech, e-commerce and information technology.

Read More
daiwa

Daiwa Asset Management Co.

Daiwa Asset Management Co. Ltd., a Japanese asset management company with a global presence. Learn more about Daiwa’s history and its investment practices.

Read More
Pix Vine Capital

Pix Vine Capital

Pix Vine Capital, an investment firm located in Singapore with interests in the technology field. Find out about its ventures in Asia and plans to expand abroad.

Read More
VC Bank Logo

Venture Capital Bank (VCBank)

Venture Capital Bank is an Islamic investment bank that operates in the Middle East, North Africa, and the Gulf Cooperation Council (GCC).

Read More
1519903435703

Multiples PE

Multiples PE, a private-equity firm from Indian, works closely making investments in Indian, and in Indian investors, in order to stimulate positive change.

Read More
Sequoia Capital Logo

Sequoia Capital India

Sequoia Capital India is a venture capital company located in Delhi, India. Find out about the company’s investments.

Read More
cyberagent ventures logo

CyberAgent Ventures

CyberAgent Ventures invests in countries around the Asia-Pacific region. The top countries invested in are Indonesia, Thailand and Vietnam. CyberAgent Ventures selects technology-focused companies that also have exceptional international market potential and are run by entrepreneurs who have good leadership and management skills.

Read More

Investors with Interest in Asia and Oceania

Praveen Gupta

Praveen Gupta

Praveen Gupta is an Indian angel investor and entrepreneur with a strong interest in global consumer internet applications.

Read More
Rajan Anandan

Rajan Anandan

Rajan Anandan in an Indian businessman and angel investor. He is the Co-Founder and Managing Director of Blue Ocean Ventures, the first Sri Lankan seed fund company.

Read More
Deepinder Goyal

Deepinder Goyal

Since founding Foodiebay (which was Zomato in a far earlier form) in 2008, Goyal has shown great business acumen and his company has pushed forward despite the odd setback.

Read More
God Nisanov businessman

God Semenovich Nisanov

God Nisanov, Russia’s King of Real Estate is a highly successful Russian entrepreneur who has made billions through a variety of investments.

Read More
pansy ho

Pansy Ho

Pansy Ho Chiu-king, a Chinese casino magnate and the daughter of Stanley Ho.

Read More
Edith Yeung

Edith Yeung

Edith Yeung, a top Silicon Valley investor who has invested in over 50 major startups in the information technology field.

Read More
faisal aftab

Faisal Aftab

Faisal Aftab is a veteran in his field. Since April 2018 he has held the role of managing partner responsible for the venture capital arm of Lakson Investments Limited in Islamabad, Pakistan.

Read More
Dale W Wood

Dale W Wood

Dale W Wood is the founder and investor behind Dale Ventures—venture capital an investment holding company headquartered in Dubai.

Read More
Andrey Belozerov

Andrey Belozerov

Andrey Belozerov is a Russian executive, entrepreneur, and investor who is an expert in digital tech and digital transformation.

Read More