January 14, 2019 / 9:25 AM / in 5 days

Israel's Magenta Venture Partners launches tech fund

JERUSALEM, Jan 14 (Reuters) - Magenta Venture Partners, a partnership between Japan’s Mitsui & Co 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 . (Reporting by Ari Rabinovitch; Editing by Tova Cohen)

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