Pitango, one of Israel’s oldest and most well-known venture capital firms, has raised $300 million for two new funds — Pitango First and Pitango HealthTech — which will invest in early-stage and seed startups.
These funds will focus on supporting young companies in technology and healthcare, helping them grow and bring new innovations to market.
The fundraising follows several significant wins for Pitango’s portfolio, including the IPO of Via, a $1 billion funding round for PsiQuantum, and the acquisition of Vertos.
Pitango First is managed by Eyal Niv, Dr. Ayal Itzkovitz, Gad Huldai, and Yair Cassuto. This is the third fund that the team has launched together.
The new fund has already started investing in startups working in AI, infrastructure, quantum technology, cybersecurity, and cloud computing. Some of its early investments include AAI, GammaTime, and Apprentice.AI, with a special focus on supporting first-time founders.
Pitango HealthTech invests in startups working in digital health, AI, medical devices, and pharmaceuticals. The fund aims to support entrepreneurs who are building the future of healthcare.
It is led by Ittai Harel, Hila Karah, and Dr. Jonathan Glazer. The fund has already seen strong results, including the sale of Vertos and the IPO of TScan.
Pitango HealthTech has invested in several innovative companies, such as QuantHealth, Somite, LeaFix Medical, and Guardoc, and has created a new investment model to speed up funding in its main focus areas.
Pitango has more portfolio companies in Israel earning over $100 million in annual revenue than any other venture firm. It is also a leader in AI and quantum technology investments.
So far, Pitango has achieved around 100 successful exits and invested in over 300 companies across various industries.
Some of its well-known portfolio companies include QuantHealth, Finout, Magenta, AI21, Optibus, Riskified, Taboola, Variantyx, and Quantum Source.
Founded in 1993, Pitango is backed by a mix of Israeli and international financial institutions.
Read more- Zeligate raises $500,000 Seed round
