Next Generation Finance

A specialty fintech investment arm of Migdal Insurance, focusing on investments in fintech companies, startups, and funds.

Corporate VC Active Petah Tikva, Israel Est. 2021
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Last updated 2026-07-20
Portfolio
2
in our dataset
Rounds participated
3
Rounds led
2
Rounds' value
$826.0M
total disclosed, rounds participated
Stages
C Round, D Round, G Round, F Round, E Round

About

Next Generation Finance (NGF) is the specialty fintech investment arm of Migdal Insurance, one of Israel's largest insurance companies. Established in January 2021, NGF aims to invest significantly in the fintech sector, with plans to deploy at least $1-2 billion in fintech companies, startups, and funds within two years of its inception. The company focuses on various fintech areas including insuretech, capital market trading, lending, personal finance, payments, money transfers, blockchain, and risk management. NGF considers both equity and debt investment models, primarily targeting advanced financing rounds but also open to first-round investments. It also guides its portfolio companies through subsequent funding rounds.

Portfolio · 2

Doral Group
A leading global company in renewable energy, developing, constructing, and operating solar, wind, storage, and green hydrogen projects.
Led ★ 2 rounds $610.0M committed Latest: 2022-06
Arava Power
Arava Power is an Israeli renewable energy company that develops, owns, and operates utility-scale solar photovoltaic (PV) systems and energy storage projects.
Led ★ 1 round $216.0M committed Latest: 2012-05

Investment activity

1 portfolio exit on record.

Portfolio by sector

Fintech & Insurtech2
Industrial Technologies2

Q&A

What is Next Generation Finance's primary investment focus?
Next Generation Finance (NGF) focuses on equity investments in companies at Stage C and above, primarily in Fintech lending, Insurtech, and payments sectors, as well as companies creating market disruption within the Fintech industry. They also provide debt and credit lines for companies involved in lending to consumer/SMB and real estate.
When was Next Generation Finance founded?
Next Generation Finance was founded in 2020.
Which sectors does Next Generation Finance concentrate its investments in?
Next Generation Finance shows concentration in Fintech & Insurtech and Industrial Technologies sectors, with two investments in each.
Can you name some of Next Generation Finance's notable portfolio companies?
Next Generation Finance's portfolio includes Pagaya, a data-driven investment manager, and Sunbit, which provides flexible payment solutions for retailers.
What is Next Generation Finance's typical investment stage?
Next Generation Finance primarily invests in C Round and D Round companies, with two investments in each stage.
Has Next Generation Finance had any notable exits?
Yes, Next Generation Finance had an exit in June 2022 when portfolio company Pagaya went public via a SPAC event with EJF Acquisition Corp, valued at $8.5 billion.
Who leads the Fintech Investments at Next Generation Finance?
Michael Swift is the Head of Fintech Investments at Next Generation Finance.
What is the geographic focus of Next Generation Finance?
Next Generation Finance is based in Petah Tikva, Israel, and is the investment arm of Migdal Insurance, the largest insurance company in Israel.
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)

External links

Websitemigdal.co.il/en

Identifiers & details

Founded2021-1

Radar intelligence

Web history (Wayback)

Domainmigdal.co.il

Certificate / subdomain footprint

Subdomains134