Israel’s Vintage Investment Partners announced that it has closed a Series A round of investments for startups bringing in a total of $144 million.
The money raised was for the firm’s Vintage Investments VII of its Fund of Funds pool. It past expectations by more than $40 million as that fund was only expected to bring in $100 million. The current funding was secured largely from U.S., Canadian and Israeli financial institutions, endowments, foundations and family offices
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The money will be used for investments in new companies in Israel, Europe and the U.S.
Vintage Investment Partners provides liquidity solutions for investors who are invested in Israeli and European venture capital funds and select U.S. venture capital funds and in Israeli private equity funds or in private Israeli venture- and private equity-backed companies and find that these investments no longer meet their investment needs.
Vintage currently manages approximately $420 million via its fund of funds activities.
“Israel is seeing an all-time high in the number of new companies being formed. This is creating a very significant opportunity for Series A investment, ” Alan Feld, Founder and Managing Partner of Vintage, told the Wall Street Journal.