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Israeli Pitango closes fourth fund at $300m

Israeli Pitango Venture Capital has announced a final close on its fourth fund with $300m of commitments. The new fund brings Pitango's capital under management to over $1bn.

Pitango IV will focus on investing in Israeli related high-tech companies within the communications, IT and healthcare sectors.

'The success of the fundraising reflects the strong belief in Israel as a world class technology leader and innovator coupled with the excellent relationship based on trust that we have developed with our investors,' said Rami Kalish, managing general partner and co-founder. 'We are appreciative of the tremendous support we have received for such a high quality group of investors.'

'We, at Pitango, are delighted with the closing of the fund and are focusing on actively pursuing new investment opportunities,' added Chemi Peres, managing general partner and co-founder. 'We believe that it is a great time in which to invest in Israeli technology and are excited with the opportunities that we see in the market.'

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