Pitango First

Pitango First is a seed and early-stage fund that invests in new companies and revolutionary technology, with a strong focus on deep tech and innovation.

Venture Capital Active Tel Aviv-Yafo, Israel Est. 1993
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Last updated 2026-07-20
Portfolio
9
in our dataset
Rounds participated
12
Rounds led
6
Rounds' value
$310.5M
total disclosed, rounds participated
Stages
Pre-Seed, A Round, Seed

About

Pitango First is the seed and early-stage investment arm of Pitango Venture Capital, Israel's largest and longest-standing venture capital fund. It focuses on backing new companies and breakthrough technologies, looking for transformational change and exceptional teams, often before a product even exists. Pitango First invests across a broad range of industries, with a strong focus on deep tech and innovation, including generative AI, cybersecurity, quantum computing, TransitTech, fintech, DevOps, cloud infrastructure, and e-commerce. The fund provides capital, operational support, network access, and strategic guidance to its portfolio companies.

Portfolio · 9

42ai
Builds behavioral AI models that predict how people and institutions will act.
Led ★ 1 round $31.0M committed Latest: 2026-03
GammaTime Inc.
A premium micro-drama streaming platform for American audiences, combining Hollywood storytelling with mobile-first consumption patterns.
1 round $14.0M committed Latest: 2025-10
Jounce IO
Jounce developed a platform for deploying, running, and monitoring complex AI systems, with an emphasis on flexibility, security, and cost-efficiency.
Led ★ 1 round $2.0M committed Latest: 2025-05
Frontegg
Frontegg is a user management platform for SaaS applications, providing authentication, authorization, and customer-facing management interfaces.
Led ★ 3 rounds $70.0M committed Latest: 2022-07
Finout
Finout is an enterprise-grade FinOps platform that provides cloud cost observability and management solutions.
Led ★ 2 rounds $18.5M committed Latest: 2022-06
PayEm
A global spend and procurement platform that automates finance processes from request to reconciliation.
Led ★ 1 round $20.0M committed Latest: 2021-09
StreamElements
StreamElements provides a comprehensive, free cloud-based platform with tools and services for live streaming content creators to engage, grow, and monetize their audiences.
1 round $100.0M committed Latest: 2021-09
AI21 Labs
AI21 builds Foundation Models and AI Systems for the enterprise.
Led ★ 1 round $25.0M committed Latest: 2020-11
Pulsenmore
Pulsenmore develops a reliable, universally accessible home ultrasound device for remote care, enabling patients to self-scan by connecting their smartphone to a handheld ultrasound cradle.
1 round $30.0M committed Latest: 2020-03

Investment activity

9 portfolio exits on record.

Portfolio by sector

Business Software17
Cyber Security8
Industrial Technologies5
Media & Entertainment Technologies4
Fintech & Insurtech4
Health Tech & Life Sciences2
Automotive & Mobility Technologies1

Funds · 1

  • 1 — $150M Nov 2025

Q&A

What are Pitango First's primary investment stages?
Pitango First primarily invests in Pre-Seed, Seed, and A Round stages.
What are the key sectors Pitango First focuses on for investments?
Pitango First focuses on sectors such as GenAI, Cyber Security, Quantum Computing, TransitTech, FinTech, DevOps, and Cloud & Infrastructure.
Which company did Pitango First exit via acquisition in December 2024?
Pitango First exited Perception Point through an acquisition by Fortinet for $200M in December 2024.
Can you name a recent acquisition exit for Pitango First in the last 24 months?
Pitango First exited Lumigo in February 2026, which was acquired by Dash0.
What is Pitango First's involvement with AI21 Labs?
Pitango First is an investor in AI21 Labs, an AI-based writing solution company, which has raised $326.5M through its Series C funding.
What is the status of Pitango First's Fund 1?
Pitango First's Fund 1 closed in November 2025, raising $150M.
Which cybersecurity company in Pitango First's portfolio was acquired in February 2022?
Pitango First's portfolio company CyberMDX, a cybersecurity and visibility platform for medical devices, was acquired by Forescout Technologies for $80M in February 2022.
What is Pitango First's most recent investment in a risk management company?
Pitango First invested in Knostic, a risk management and governance platform for enterprise LLM, which raised $14.3M in its Seed round in 2023.
What is Pitango First's involvement with Quantum Source?
Pitango First is an investor in Quantum Source, a photonic-based quantum computing company, which raised $77M in its Series A round in 2021.
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