Pico Ventures Raises $80 Million Fund

Jerusalem-based, early-stage venture capital firm Pico Venture Partners, has closed its second fund with $80 million in capital commitments, the firm announced Wednesday. Pico now manages $130 million across two funds, according to the company’s statements.

Founded in 2015, the firm invests in early-stage startups spanning multiple fields. Pico has invested in 15 companies to date including New York-based online used-car retailer Vroom, New York-headquartered fintech company ChargeAfter, and Tel Aviv-based cybersecurity startup Cyber Sepio Systems Ltd. Most recently, Pico led a $4 million seed round in Israeli autotech startup Ravin AI Ltd.

Pico has offices in Jerusalem, Tel Aviv, and New York.