
Pitango VC
Description
Pitango VC is a prominent and long-standing venture capital firm based in Herzliya, Israel, established in 1993. As one of Israel's largest and most experienced VC firms, Pitango has played a pivotal role in the development of the country's high-tech ecosystem. The firm manages over $2 billion in assets across multiple funds, demonstrating its significant financial capacity and commitment to fostering innovation from early-stage startups through to growth-stage companies.
Pitango's investment strategy is characterized by its broad sector focus and multi-stage approach. While the firm has a strong emphasis on Israeli innovation, it also pursues global opportunities, particularly within its core areas of expertise. These include enterprise software, cybersecurity, fintech, deep tech, and healthtech, reflecting a diversified portfolio that spans critical and emerging technological domains. Pitango is known for its hands-on approach, providing strategic guidance and operational support to its portfolio companies to help them scale and achieve market leadership.
The firm operates through distinct funds tailored to different investment stages and sectors. Pitango First, for instance, focuses on seed and Series A rounds, typically deploying initial checks ranging from $2 million to $7 million. For more mature companies seeking to accelerate their growth, Pitango Growth provides larger investments, with initial check sizes generally falling between $5 million and $20 million for Series B and later rounds. Additionally, Pitango HealthTech is a specialized fund dedicated to supporting groundbreaking innovations in the health technology sector, further diversifying the firm's reach. In 2022, Pitango successfully raised $250 million for its Growth Fund III and $175 million for its First Fund VI, reinforcing its capacity for future investments.
Pitango VC boasts a robust track record of successful investments and exits, contributing significantly to the global technology landscape through IPOs and M&A transactions. Its enduring presence and deep roots in the Israeli tech scene make it a key partner for entrepreneurs seeking not only capital but also strategic mentorship and access to extensive networks. The firm continues to be a driving force in identifying and nurturing disruptive technologies, solidifying its position as a leading venture capital player in Israel and beyond.
Investor Profile
Pitango VC has backed more than 269 startups, with 10 new investments in the last 12 months alone. The firm has led 66 rounds, about 25% of its total and boasts 68 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series B, Series C, Series A rounds (top funding stages).
- Majority of deals are located in United States, Israel, United Kingdom.
- Strong thematic focus on Software, Health Care, Artificial Intelligence (AI).
- Led 2 rounds in the past year.
- Typical check size: $2M – $20M.
Stage Focus
- Series B (21%)
- Series C (19%)
- Series A (18%)
- Series Unknown (13%)
- Series D (11%)
- Seed (7%)
- Series E (6%)
- Series F (2%)
- Debt Financing (1%)
Country Focus
- United States (61%)
- Israel (35%)
- United Kingdom (2%)
Industry Focus
- Software
- Health Care
- Artificial Intelligence (Ai)
- Biotechnology
- Medical Device
- Manufacturing
- Analytics
- Medical
- Information Technology
- Saas
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