The vehicle, which had its initial closing in October 2018 and is planning its final closing in 2019, specializes 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.
Magenta Venture Partners is an equal partnership between Mitsui & Co. Ltd., a Japanese trading and investment company, Ori Israely, and Ran Levitzky.
The four partners of the fund include:
– Israely, formerly of Motorola Solutions Venture Capital and Giza Venture Capital,
– Levitzky, formerly from Viola Ventures where he co-led investments in early stage startups, and earlier held roles at Amdocs, Microsoft, and Verint Systems;
– Hiroshi Takeuchi of Mitsui who has relocated now to Israel after 15 years of venture investment experience in Japan and the US; and
– Atsushi Mizuno from Mitsui’s investment arm who has over 10 years of experience investing into Israeli companies and who has been living in Israel for the past 4 years.
The fund also added Mr. Ron Shvili, former head of the technology center for 8200 unit and currently the CTO & VP of Technology and Information Systems of Cellcom, a telecommunications group in Israel, to its Venture Advisory Board. He will contribute from his experience to the success of the fund.
FinSMEs
14/01/2019