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Vintage Investment Partners announced that it has closed its fourth growth stage venture fund (Growth IV) at $200 million, exceeding its $175 million goal. Like Vintage’s previous growth funds, Growth IV invests in 15 to 20 leading growth-stage technology startups in Israel, Europe, and the United States.
The fund is Vintage’s 16th fund overall and will operate alongside Vintage’s fund of funds and secondary funds, bringing Vintage’s total assets under management to approximately $4 billion.
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Vintage Growth IV Partners.
(Photo: Vintage Investment Partners)
Asaf Horesh, general partner at Vintage Investment Partners, said: “We raised most of the money last summer and continued throughout the war with some organizations we were already working with, bringing the amount to 2. It was over a billion dollars,” he told Calcalist. “The first growth fund was raised 12 years ago and marked the launch of Israel’s first dedicated growth fund. At the time, Israel did not have sufficient growth capital.
“We believe that there are ample opportunities in the market. As a rule, we strive to invest in the best companies in all sectors, but our strongest relationship is with Israel. We also have several European and American companies in our portfolio,” added Horesh. “Vintage has continually demonstrated its ability to access and support leading growth-stage companies such as JFrog, Honeybook, Minute Media, Mirakl, Monday.com, SentinelOne, Silverfort, Wiliot, Wolt, and Yotpo. We can generate strong dividends for our investors while maintaining discipline in our pace of deployment and capital size.”
Vintage also offers something called the Value+ service. The Value+ team cultivates relationships with over 500 leading companies with the goal of creating meaningful business engagement for startups, funds, and corporate partners. Vintage’s Value+ has generated over 3,300 meetings and introductions between startups and companies, resulting in nearly 300 known purchase orders or paid proofs of concept for startups from global companies, and $200 million We have realized a business that goes beyond dollars.
Additionally, Vintage has significantly grown its team to over 60 people since its last growth fund. Alan Feld, Founder and Managing Partner of Vintage, added: “Over the past seven years, we have worked diligently to build Vintage for the future. We have a generation of great future leaders who we believe can: I am thrilled with my partner’s success in raising Growth IV, and I am thrilled to have leveraged his $632 million in funding raised last year and his $312 million in secondary funding raised several times. We look forward to working with our partners to bring this to fruition. several years ago, and the remaining capital is in Growth III. ”
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