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Vintage Investment Partners, a well-established global venture capital platform, has confirmed the completion of its fourth growth stage venture fund (Growth IV) with total capital commitments of $200 million, exceeding the original goal.
The firm is celebrating its 20th anniversary and navigates a dynamic landscape of venture capital investing characterized by ongoing innovation and disruption in a variety of sectors.
Growth IV follows the proven investment model of Vintage’s previous Growth funds, targeting 15 to 20 promising growth-stage technology startups in Israel, Europe, and the United States.
The fund will work with trusted Tier 1 venture capital funds within Vintage’s extensive network. The closing of the Growth IV transaction increases Vintage’s total assets under management to approximately $4 billion.
Successful despite difficult funding environment
Abe Finkelstein, Vintage’s general partner, expressed his gratitude for the strong support from the company’s limited partners in a difficult financing environment. “We are entering the most exciting period in venture capital investing that we have ever experienced, while innovation and disruption continue to occur at a breathtaking pace across a wide range of sectors. And after the recent bubble period, valuations are becoming more attractive,” he said.
“Additionally, despite a challenging funding environment for venture capital funds, we were able to achieve Growth IV above our goals and are grateful for the strong support from our limited partners.”
Asaf Horesh, Vintage’s general partner, emphasized the firm’s ability to access and support large companies in their growth stages.
“Going forward, we remain focused on partnering and servicing the best founders and teams to generate market-leading returns for our investors,” he added.
Recognized for its Value+ services, Vintage continues to support its portfolio companies through its Value+ team. This team drives business engagement for startups, funds, and corporate partners, resulting in meetings, introductions, purchase orders, proofs of concept, and business worth more than $200 million for him.
“We aim to be more than just capital and are committed to adding value and serving all businesses,” said Amit Frenkel, general partner at Vintage. ”.
The company has significantly expanded its team to over 60 people since its last growth fund, demonstrating a commitment to strengthening its capabilities.
Alan Feld, Founder and Managing Partner of Vintage, expressed confidence in the company’s future leaders, noting their success in raising Growth IV. He looks forward to leveraging the $632 million fund of funds raised last year, the $312 million supplementary fund raised several years ago, and the remaining capital into Growth III.
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