Venture Capital: Israel-Based Vintage, A Global Tech VC, Raises $631M For Fund-Of-Funds

November 2, 2022 | News, Venture Capital
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The Vintage Fund-of-Funds VII comprises four venture fund-of-funds partnerships.

Founded in 2003, Vintage Investment Partners is an Israeli investment firm managed by seven partners. It has closed its seventh fund-of-funds with a raise of $631 million, bringing its assets under management to more than $3.6 billion. A Fund of Funds type fund does not invest directly in companies, but in venture capital funds. (CTECH)

FoF VII is made up of four venture fund-of-funds partnerships investing across the U.S., Europe, Canada, and Israel.

These are the “Access”, “Breakout”, “Health Tech”, and “Israel” Funds.

· The Access Fund invests in leading venture funds across the U.S., Europe, and Canada.

· The Breakout Fund focuses on investments in leading Seed-stage venture funds raising up to $€£200 million across the U.S., Canada and Europe.

· The Health Tech Fund invests in funds with a focus on health technology and innovation globally.

· The Israel-dedicated Fund focuses on the leading Seed and early-stage Israel-based venture funds that are typically sub-$200 million in size.

Gigantic challenges

“We believe that the next three to four years will be a great period to invest in venture,” said Alan Feld, Vintage Founder and Managing Partner. “There are gigantic challenges that only technological innovation can address, such as healthcare costs and insufficient hospital beds to treat a growing, longer-living population, the threats to water resources and food production caused by climate issues, and the broken global supply chain.”

Related Story: Israeli Fintech Tipalti (“I Handled It”) Nabs $270M At $8.3B Valuation

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