Magenta Venture Partners, a joint venture between Mitsui and two Israeli venture capitalists, is seeking a $100m close to invest in Israel-based startups.
Magenta Venture Partners, an Israel-based venture capital firm co-founded by diversified conglomerate Mitsui & Co, launched yesterday with a $100m target for the close of its first fund.
The firm achieved an initial close of the fund in October 2018 and expects to complete fundraising activities this year. Apart from Mitsui itself, the fund’s backers include lighting equipment producer Koito Manufacturing.
Early-stage startups based in Israel are the primary focus for Magenta, and it will seek out opportunities in the…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
