Pitango VC

What Pitango VC does

Pitango VC is Israel's largest and longest-standing venture capital firm, founded in 1993 and headquartered in Herzliya. The firm operates three dedicated funds—Pitango First (seed and early-stage), Pitango Growth (growth-stage), and Pitango HealthTech (health and life sciences)—providing capital, board-level support, and syndicate access to technology and life-sciences startups primarily originating from Israel and increasingly from the wider European and North American deep-tech ecosystem. Across 13 funds, the firm has invested more than $3 billion into 300+ portfolio companies and recorded 100+ exits.

The firm's investment process is partner-led and organized around the three fund verticals, with specialized expertise in software, healthtech, semiconductors, clean energy, and emerging deep-tech categories such as quantum computing and AI infrastructure. In 2026 the firm began incorporating AI tooling into deal-sourcing and market intelligence, while continuing to co-invest with global venture partners and provide follow-on capital to existing portfolio companies. Recent activity includes a Sweden-based investment in Blykalla (nuclear/clean energy) and a leadership appointment within the HealthTech vertical.

Pitango's revenue model follows standard venture capital mechanics: recurring management fees on committed capital (typically around 2% per annum) plus carried interest on profitable exits. With cumulative invested capital exceeding $3 billion and a fresh $300 million fund closed in November 2025, the firm operates on a meaningful management-fee base supplemented by episodic carry realizations, with revenue predictability driven by multi-year LP commitments rather than customer churn.

Name

Pitango VC

Legal name

Pitango Ltd.

Website

http://www.pitango.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

Pitango VC is Israel's largest and longest-standing venture capital firm, founded in 1993, operating three funds (First, Growth, HealthTech) with $3B+ deployed across 300+ portfolio companies and 100+ exits, serving Israeli and global technology and life-sciences startups.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Other Financial Investment Activities (5239), Finance and Insurance (52)

SIC

Investment Advice (6282)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

akta.pro secondary industry

Venture Debt Providers (FSANAAAL)

Keywords

• Venture capital
• Seed stage investment
• Growth equity funding
• Healthtech investment
• Deep tech funding

Headquarters

HQ city

Herzliya

HQ country

Israel

HQ region

Middle East

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Fund management fees: Recurring management fees earned on committed and invested capital across Pitango's 13 active funds (Pitango First, Pitango Growth, Pitango HealthTech, and earlier vehicles). Standard VC industry structure with periodic capital calls across fund lifecycle.
2. Carried interest on exits: Performance-based carried interest from successful exits and IPOs across the 100+ historical exits portfolio (e.g., IPO of Via at $3.65B valuation, $1B funding round by PsiQuantum, acquisition of Vertos). Revenue realized when portfolio companies exit via acquisition or public listing.
3. Fund capital raises (LP commitments): Capital deployment across multiple dedicated funds; recent close of $300M for Pitango First and Pitango HealthTech. New fund vintages drive forward deployment and management fee base.

Go-to-market motion1 record

Distribution channels4 records

Core offering

Pitango VC is a venture capital firm that deploys risk capital across three dedicated fund vehicles — Pitango First (seed and early stage), Pitango Growth (venture growth), and Pitango HealthTech (digital health, medical devices, biotech, and life sciences) — covering the full company lifecycle from seed to growth. Beyond capital, the firm operates an integrated value-add platform with in-house HR, business development, finance, legal, and marketing teams that support portfolio companies with customer introductions, operational efficiency, and fundraising, backed by a 30+ year global network of limited partners and industry leaders.

Product overview

Pitango VC operates as a multi-fund venture capital platform rather than a single unified software product. The firm consists of three dedicated investment funds that work together as a platform-plus-modules architecture: Pitango First (Seed & Early Stage Fund backing breakthrough technologies like PsiQuantum, AI21 Labs, and Finout), Pitango Growth (Venture Growth Fund partnering with scaling companies like AppsFlyer, DriveNets, and Via), and Pitango HealthTech (Health Technology Fund specializing in life sciences ventures like QuantHealth, Visby Medical, and Altesa BioSciences). The three funds operate as distinct, complementary investment vehicles covering the full company lifecycle from seed to growth, while sharing resources such as the firm's HR, business development, finance, legal, and marketing teams, plus Pitango's global network built over 30 years. Together the funds have backed 300+ companies with $3B+ invested across 13 funds, achieving 100+ exits, with the platform leading the market in AI and quantum investments.

Differentiator

Problem solved

Functional benefit

Brands

• Pitango First: Seed and early-stage fund backing new companies and breakthrough technologies in AI, cybersecurity, quantum computing, fintech and DevOps.
• Pitango Growth
• Pitango HealthTech

Products and services

• Pitango First Pitango First is the firm's Seed & Early Stage Fund that backs new companies and breakthrough technologies, looking for transformational change and exceptional teams. Focus areas include Cloud & Infrastructure, Generative AI, Cyber Security, Fintech & Insure Tech, Quantum Computing, Mobility & Smart City, Media & Gaming, and Sales & Marketing. Notable portfolio companies include PsiQuantum, Finout, Komodor, Quantum Source, D-ID, AI21 Labs, and Nexite.
• Pitango Growth Pitango Growth is the firm's growth-stage fund acting as growth partners, connecting teams with an extensive network of partners, business leaders, potential customers, and technologists to help unlock explosive growth. Focus areas include Cloud & Infrastructure, Generative AI, Food Tech, Mobility & Smart City, Cyber Security, and Digital Health. Notable portfolio companies include DriveNets, Via, AppsFlyer, Riskified, Taboola, Tomorrow.io, Formlabs, and Tulip Interfaces.
• Pitango HealthTech Pitango HealthTech specializes in breakthrough life sciences ventures, investing across all stages of the healthtech sector with focus on digital medicine, medical devices, biopharma, and AI-driven healthcare. Notable portfolio companies include Laguna Health, Cellular Intelligence, Visby Medical, Vertos Medical, QuantHealth, Altesa BioSciences, Magenta Medical, and Connie Health.

Quantifiable outcome

• 300+ portfolio companies funded to date
• +6 more outcomes

Named customers30 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature4 records

Partnerships

Six partnerships are on record, tiered flagship technology partner, flagship event partner, flagship strategic partner, core operating partner and ecosystem peer.

• AMDflagship technology partnerStrategic or Co-development Partner · 1 June 2026Joined as a new investor and strategic technology partner in DriveNets alongside Bessemer Venture Partners and Atreides Management. DriveNets partners with AMD, Broadcom, Dell Technologies, and Supermicro on integration initiatives for multi-vendor AI infrastructure environments — open Ethernet as a foundation for next-generation AI infrastructure.
• Biomed Israel conferenceflagship event partnerStrategic or Co-development Partner · 30 April 2026Pitango HealthTech Managing Partner Ittai Harel previewed a session at the upcoming Biomed Israel conference (May 12-14, 2026) focused on how AI and data science tools are beginning to transform the clinical trial sector. Strategic thought-leadership platform for the firm.
• Sony Semiconductor Solutionsflagship strategic partnerStrategic or Co-development Partner · 29 April 2026Retained shareholder position in Altair Semiconductor following the spinoff; Pitango Group led the $50M initial funding round for the newly independent Israeli IoT chipmaker. Strategic partnership for go-to-market and shareholder alignment.
• Nohik Semelcore operating partnerStrategic or Co-development Partner · 29 April 2026Appointed as new CEO of Altair Semiconductor following the spinoff from Sony and $50M funding led by Pitango Group; oversees the company's transition to 5G IoT connectivity and physical AI chips.
• OurCrowdecosystem peerOthers · 11 December 2025Israeli VC ecosystem peer. OurCrowd CEO Jon Medved and Pitango Managing General Partner Eyal Niv co-authored Forbes article 'Funding Under Fire: The Resilience Of Israeli Tech' discussing Israeli tech resilience. Ecosystem collaboration rather than direct co-investment.
• McKinsey & Companyflagship strategic partnerStrategic or Co-development PartnerCo-developed 'The Growth Playbook' with Pitango — research on what it takes to scale past $100M+ in revenue, with insights and tips from 15+ founders. A flagship strategic co-development partnership for content and thought leadership.

Scale indicators11 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• JVP (Jerusalem Venture Partners): Israeli venture capital firm with a multi-stage, multi-fund platform covering cybersecurity, fintech, and deep tech from seed to growth. Directly comparable as a longstanding Israeli VC competitor pursuing the same founder base.
• Viola Ventures: Israeli VC with multiple funds covering early, growth, fintech, and healthtech stages. Closely comparable as a domestic multi-fund competitor with similar vertical coverage including digital health.
• OurCrowd: Israeli venture investing platform running multiple sector-focused funds. Direct peer as an Israeli VC ecosystem competitor; explicitly named as an ecosystem collaborator in joint Forbes content with Pitango.
• aMoon Fund: Israeli healthtech-focused VC operating a growth fund and a venture fund. Directly comparable to Pitango HealthTech in digital health/biotech vertical; named as a co-investor alongside Pitango in Connie Health.
• Grove Ventures: Early-stage Israeli VC investing in deep tech, AI infrastructure, and semiconductors. Directly comparable to Pitango First; ranked alongside Pitango in AIJourn's top 7 Israeli AI investors.

Emerging players

• StageOne Ventures: Israeli early-stage VC focused on enterprise and deep tech. Comparable as a peer Israeli seed-stage fund also ranked alongside Pitango for AI startup investing.
• Glilot Capital Partners: Israeli early-stage VC focused on cybersecurity and enterprise software. Comparable peer for Pitango First in the Israeli cybersecurity vertical; ranked alongside Pitango for AI investing.

Broad incumbents

• Insight Partners: Global software-focused growth equity investor with scale and a value-add platform. Comparable as a larger incumbent in the growth-stage Israeli software ecosystem, though broader in geographic and stage coverage.
• Bessemer Venture Partners: Global multi-stage VC with a strong Israel presence and a long-running cloud/infrastructure franchise. Directly comparable as a recurring co-investor in Pitango portfolio companies (DriveNets, doubleAI, AppsFlyer).
• Lightspeed Venture Partners: Global multi-stage VC with active Israel investing in AI infrastructure and enterprise software. Comparable as a tier-one co-investor alongside Pitango in deep-tech Israeli rounds (doubleAI).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Pitango
• Facebookfacebook.com/PitangoVC
• LinkedInlinkedin.com/company/pitango-venture-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments397 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pitango VC