Israel's Magenta Venture Partners launches tech fund
14/01/2019 09:24
JERUSALEM, Jan 14 (Reuters) - Magenta Venture Partners, a
partnership between Japan's Mitsui & Co 8031.T and two Israeli
venture capitalists, said on Monday it has launched a new fund
targeting $100 million to invest in early-stage Israeli tech
startups.
The final closing of the Israel-based fund is planned for
2019. It will invest in sectors like mobility, artificial
intelligence, financial technology and automotives.
Investors in the fund include Mitsui and Koito Manufacturing
7276.T .
(Reporting by Ari Rabinovitch; Editing by Tova Cohen)
((ari.rabinovitch@thomsonreuters.com; +972-2-632-2202; Reuters
Messaging: ari.rabinovitch@thomsonreuters.com@reuters.net))