Amiti Ventures raising new $130 million fund

Israeli venture capital fund Amiti Ventures is in the advanced stages of raising a $130 million fund. Calcalist has learned that the VC’s fourth fund will be led by Founder and Managing Partner Ben Rabinowitz and Partner Maya Pizov. Managing Partner Modi Rosen, who partnered with Amiti three years ago for its third fund, will not be part of the fourth fund. Rosen, who co-founded Tel Aviv-based Magma Venture Partners, which was one of the most successful funds in Israel, left Magma to join Amiti after falling out with Magma co-founder Yahal Zilka. Rosen will continue to be involved in investments from Amiti’s third fund, which is still active and has around $100 million in assets under management.

“Amiti will soon be announcing the raising of its fourth fund led by myself and Maya Pizov,” Rabinowitz told Calcalist. “Maya has proven herself numerous times as a lead investor that brings added value to the companies in which we invest. Maya and I understood during our work together that we are good friends and partners. We both have a similar work culture and share similar values, including the issue of employment diversity. As far as we know, Amiti is the only fund that has announced a significant plan aimed at raising the number of women in general, and of minorities in particular, in the boards of the companies in which we invest.

“We regret that Modi Rosen elected to part ways. We appreciate him, cherish his activity in the Israeli investment world over the past 22 years, and will continue to cooperate in investments from our third fund. At the moment we are focusing on the raising of another fund, which is expected to close towards the summer in the second quarter of 2022. This fund will build on the strong portfolio which we have assembled throughout our different funds, including the second fund (from 2015) whose investors received an eightfold return and a 90% IRR in GP-led secondary.”

Maya Pizov added: “I’m excited to be joining Ben in leading the fourth fund as a Managing Partner. We have been fortunate to lead many investments that have been translated to outstanding performances. We continue to see very profitable opportunities and believe that Seed investments in 2022 will continue to be similarly, if not more, attractive. There’s nothing more fun than seeing Israeli startups grow and become Unicorns and Decacorns that we believe will only continue to grow.”