Vintage Investment Partners, a global venture capital platform headquartered in Herzliya, recently announced it has raised $200 million for its fourth growth-stage venture fund. A growth fund is a diversified portfolio of stocks, which consists of companies with above-average growth that reinvest their earnings into expansion rather than look for immediate return on investment.
Growth IV, the company’s 16th overall venture capital fund, is expected to serve as an investment pool for leading Israeli, European, and American emerging technology startups.
The company raised $632 million for a fund of funds established last year, and $312 million for a secondary fund formed two years ago. Growth IV brings Vintage’s total assets under management to roughly $4 billion.
Vintage Investment, which recently celebrated its 20th anniversary, has expanded its team to 60 people since last year. Among the Vintage has invested in at startup stages were JFrog, Honeybook, Minute Media, Mirakl, Monday.com, SentinelOne, Silverfort, Wiliot, Wolt and Yotpo. Most of those companies were founded in Israel or by Israelis.
Founder of Vintage Investment Alan Feld said the company is “fortunate to have two generations of excellent future leaders, whom I believe can bring Vintage to the next level.”
General partner at Vintage Investment Abe Finkelstein said that despite the tough fundraising environment for venture capital funds at the moment, “we were able to close Growth IV above target, and are grateful for the strong show of support from our limited partners.”
Finkelstein added, “We are entering one of the most exciting periods the company has witnessed in venture capital investing.”
Asaf Horesh, another general partner at the company, said: “Vintage has continuously shown its ability to not only access and support leading companies at the growth stage, but also generate strong distributions to investors while remaining disciplined in deployment pace and fund sizes.”
“We connect startups with customers, investors, and industry experts,” noted general partner Amit Frenkel. “Even when we’re not the largest investor, our goal is to be the most impactful partner a founder can have.”
Produced in association with ISRAEL21c
