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Pitango VC

Asia, Tel Aviv, Israel, Herzliya

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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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Pitango VC frequently co-invest with?

Gemini Israel Ventures
Asia, Tel Aviv, Israel, Herzliya
Co-Investments: 11
Viola Ventures
Asia, Tel Aviv, Israel, Herzliya
Co-Investments: 13
Star Ventures
Europe, Bayern, Germany, München
Co-Investments: 14
C4 Ventures
Europe, Ile-de-France, France, Paris
Co-Investments: 9
Genesis Partners
North America, West Virginia, United States, Bridgeport
Co-Investments: 13
Bosch Ventures
Europe, Baden-Wurttemberg, Germany, Stuttgart
Co-Investments: 12
Vertex Ventures
Asia, Central Region, Singapore, Singapore
Co-Investments: 10
Accel
North America, California, United States, Palo Alto
Co-Investments: 9
Amadeus Capital Partners
Europe, Cambridgeshire, United Kingdom, Cambridge
Co-Investments: 9
83North
Europe, England, United Kingdom, London
Co-Investments: 17

Which angels does Pitango VC often collaborate with?

JD
North America, California, United States, Menlo Park
Shared Deals: 3
Assaf Wand
Asia, Tel Aviv, Israel
Shared Deals: 2
Zohar Zisapel
Asia, Tel Aviv, Israel, Tel Aviv
Shared Deals: 2
Eyal Gura
Asia, Israel
Shared Deals: 5
AV
Europe, Lombardia, Italy, Bergamo
Shared Deals: 3
Amnon Shashua
Asia, Yerushalayim, Israel, Jerusalem
Shared Deals: 2
Ofir Azury
Asia, Tel Aviv, Israel, Herzliya
Shared Deals: 2
Zohar Gilon
Asia, Israel
Shared Deals: 2
Eyal Waldman
Asia, Tel Aviv, Israel, Tel Aviv
Shared Deals: 3
RC
Europe, England, United Kingdom, London
Shared Deals: 3

What are some of recent deals done by Pitango VC?

Restore Medical

Or Yehuda, Tel Aviv, Israel

Restore Medical develops and provides a device-based therapy for congestive heart failure.

BiotechnologyHealth CareHealth DiagnosticsMedical DeviceWellness
Series BJul 7, 2025
Amount Raised: $23,000,000
Visby Medical

San Jose, California, United States

Visby Medical is a diagnostics company that develops polymerase chain reaction diagnostic tests for the detection of infectious diseases.

Health CareHealth DiagnosticsMedical
Series UnknownJun 17, 2025
Amount Raised: $55,000,000
Zorro

New York, New York, United States

Zorro is an insurtech company that specializes in providing health insurance and health services.

Health CareInsuranceInsurTech
Series AJun 11, 2025
Amount Raised: $20,000,000
Speedata

Netanya, HaMerkaz, Israel

Speedata develops accelerated processor for big data analytics across industries.

AnalyticsBig DataData CenterSemiconductor
Series BJun 3, 2025
Amount Raised: $44,000,000
Somite

Boston, Massachusetts, United States

Somite is leveraging data and AI to introduce novel cell replacement therapies.

Artificial Intelligence (AI)Biotechnology
Series AMay 13, 2025
Amount Raised: $47,000,000
Perfect

New York, New York, United States

Perfect is an online platform that offers hiring services.

Human ResourcesRecruiting
SeedFeb 25, 2025
Amount Raised: $23,000,000
Finout

Tel Aviv, Tel Aviv, Israel

Finout is a cloud cost management platform designed to help businesses optimize and control their cloud spending.

Cloud ManagementDevOpsInformation TechnologySoftware
Series CJan 29, 2025
Amount Raised: $40,000,000
Homethrive

Northbrook, Illinois, United States

Homethrive is a healthcare service company that provides support for employee caregivers, aging adults, and those with special needs.

Elder CareHealth CareHome Services
Series BNov 14, 2024
Amount Raised: $20,000,000
Quantum Source

Ness Ziona, HaMerkaz, Israel

Quantum Source is on a clear path to the most powerful, cost-effective, practical photonic quantum computer

Quantum Computing
Series ASep 10, 2024
Amount Raised: $50,000,000
Guardoc Health

Tel Aviv, Tel Aviv, Israel

Guardoc Health is streamlining clinical compliance with AI-driven accuracy in charting to meet regulations.

Health CareHospital
SeedAug 15, 2024
Amount Raised: $3,000,000