Vintage Investment Partners, an Israeli tech-focussed investment firm, has raised $812 million for two funds that have increased its assets under management to $3 billion.
The firm raised $500 million for a fund of funds and a $312 million secondary fund that will buy stakes in companies from venture capital firms or founders. The two funds will target ventures across the US, Europe and Israel.
According to its website, Vintage has previously backed as many as 82 VC funds like Andreessen Horowitz, Accel, 83North, Bessemer Venture Partners, Lightspeed, Pitango, and General Catalyst.
It has also invested in 64 startups. These include Klarna Bank AB, Yotpo, Vast, TrueAccord, SimilarWeb, Klarna, Moovit, BigID, Activefence and Wolt.
State of Mind Ventures
Meanwhile, Israeli VC firm State of Mind Ventures has launched two funds to raise a total of $200 million.
While SMOV 3 will be its third early-stage investment fund, the Momentum fund will focus on early growth investments.
Following these two funds, the total assets under management under the SOMV banner will come to $400 million.
SMOV also said that two new partners, Merav Rotem Naaman and Andy Bellass, will join the firm.
Naaman, a Harvard Business School graduate, joins SOMV from Verizon Ventures (Israel and Europe) where she was managing director. Prior to Verizon, she headed the AOL Venture Seed Fund in Israel. She also held various managerial roles at Better Place, Cellcom and Bain & Co in San Francisco.
Bellass joins SOMV after a career as a strategic brand consultant for some of the world’s leading brands such as Coca-Cola and Spotify. He is also one of the co-founders of the unicorn HR tech firm Hibob.
He also founded S-Lab, a brand strategy consulting firm for emerging technology companies and was also a strategic partner at Mother, one of the world’s leading creative agencies.