21 January 2020 - 24 Tevet 5780 - כ"ד טבת ה' אלפים תש"פ
Israeli-Japanese Magenta tech fund seeks to raise US$100 million focused on early startups E-mail

Israeli VC firm Magenta Venture Partners announced on 14 January a new venture capital fund that aims to raise US$100 million. The new fund had its initial closing in October last year and is planning a final closing sometime this year.

Magenta Venture Partners is an equal partnership between Mitsui & Co. Ltd., one of the largest trading and investment companies in Japan, and Ori Israely and Ran Levitzky, two seasoned Israeli professionals from the country’s venture capital industry

The fund specialises in early-stage investments in Israeli and Israeli-related technology startups in multiple domains, including Automotive, Mobility, AI, Smart Cities, Industry 4.0, Enterprise Software and Fintech.

The four partners of the fund are Ori Israely, Managing General Partner of Magenta and formerly of Motorola Solutions Venture Capital and Giza Venture Capital; Hiroshi Takeuchi of Mitsui, who has relocated to Israel after 15 years of venture investment experience in Japan and the US; Ran Levitzky, formerly from Viola Ventures, where he co-led investments in early stage startups, and who earlier held roles at Amdocs, Microsoft and Verint Systems, and Atsushi Mizuno from Mitsui’s investment arm, who has over 10 years’ experience investing into Israeli companies and who has been living in Israel for the past four years.

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