Pitango VC
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.
- Company typePrivate
- Founded1993
- HeadquartersHerzliya, Israel
- Headcount11–50
- GTM typeB2B
- OfferingServices
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.
Pitango VC firmographics
Firmographics- 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
Pitango VC industry classification
Industry- 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
Where Pitango VC is headquartered
LocationHeadquarters
- HQ city
- Herzliya
- HQ country
- Israel
- HQ region
- Middle East
Markets served
Pitango VC business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- 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.
- 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.
- 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
Pitango VC product offering
Product offeringCore 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
Companies that use Pitango VC
Customer profileNamed customers30 records
Segments6 records
Ideal customer profiles3 records
Pitango VC technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature4 records
Pitango VC partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered flagship technology partner, flagship event partner, flagship strategic partner, core operating partner and ecosystem peer.
- AMDflagship technology partnerJoined 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 partnerPitango 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 partnerRetained 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 partnerAppointed 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 peerIsraeli 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 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
Pitango VC competitors and assessment
Company assessmentDirect 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
Pitango VC social profiles
Digital presencePitango VC financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pitango VC leadership team
Management profileNumber of profiles
Profiles18 records
Pitango VC subsidiaries and ownership
Company hierarchySubsidiaries3 records
Pitango VC funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pitango VC M&A and investment
M&A and investmentM&A
Investments397 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pitango VC
What does Pitango VC do?
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.
Is Pitango VC a public or private company?
Pitango VC is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Pitango VC founded?
Pitango VC was founded in 1993. It employs 11 to 50 people.
Where is Pitango VC based?
Pitango VC is headquartered in Herzliya, Israel, in the Middle East region.
How does Pitango VC make money?
Three revenue lines are on record. Fund management fees are the primary driver. The others are carried interest on exits and fund capital raises (LP commitments).
Who are Pitango VC's main competitors?
Direct peers on record are JVP (Jerusalem Venture Partners), Viola Ventures, OurCrowd, aMoon Fund and Grove Ventures. Emerging players are StageOne Ventures and Glilot Capital Partners. Broad incumbents are Insight Partners, Bessemer Venture Partners and Lightspeed Venture Partners.
Does Pitango VC have an API?
No public API is recorded for Pitango VC.
What industry is Pitango VC in?
Pitango VC's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists), with a secondary code of FSANAAAL, Venture Debt Providers. Its NAICS code is 525 and its SIC code is 6282.