Draft:Vintage Investment Partners
 | |
| Company type | Limited liability company |
|---|---|
| Industry | Venture Capital |
| Founded | 2003 |
| Headquarters | Herzliya, Israel |
Key people | Alan Feld (Founder & Managing Partner) Abe Finkelstein (Managing Partner) Amit Frenkel (General Partner) Asaf Horesh (Managing Partner) |
| AUM | ~ USD 4 billion |
Number of employees | ~ 60 |
| Website | vintage-ip |
Vintage Investment Partners is an international venture capital firm founded in 2003 by Alan Feld.
Vintage has 16 investment funds across three strategies: fund of funds, secondary funds, and growth funds, investing in the U.S., Europe and Israel. Vintage invests across all sectors and has professionals in each segment of the industry.
History
[edit]Vintage was founded in Israel in 2003 by Alan Feld. Shortly after inception, Abe Finkelstein and Amit Frenkel joined it.
In its early years, Vintage acquired technology holdings from investors looking to diversify their holdings after the Dot-com bubble burst. In its first decade, Vintage raised a fund approximately every two years, reaching a managed capital of $ 600 million in 2012.
Since 2014, Vintage has launched a new fund approximately every year (see below for its funds list). As of November 2024, Vintage is managing ~ $ 4 billion across 16 fund
At the beginning of 2024 and after researching successful generational transitions in the VC industry,[1] Alan Feld and Vintage decided that general partners who reach the age of 62 will not join new funds.
Among the funds Vintage invested in are: a16z (Andreessen Horowitz), Accel, 83 North, Battery Ventures, Bessemer Venture Partners, Grove Ventures, and General Catalyst.[2]
Among the investors in Vintage funds are insurance companies, pension funds, Investment houses, Academic institutions and family offices, from Israel, North America and European, including: Harel Group, Phoenix Financial, Menora Mivtachim Group, Clal Insurance Enterprises, Migdal Insurance, Meitav Investment House, Poalim Equity, Altshuler Shaham, Peakview Capital, Leumi Partners, More Investment House, AT Partners Japan Israel and Edward Grefenstette Kensington Capital Partners.
Vintage has a strategic advisory board that includes international figures from various fields, including: Arthur Stark (Former President of Bed Bath and Beyond), Andy Walter (Former SVP, Global Commercial Services at P&G), Amanda Parness (Former Managing Director at CDPQ), Dr. Samer Haj-Yehia (Former Group Executive Chairman of Bank Leumi) and Ambassador S. Fitzgerald (Fitz) Haney (Former U.S. Ambassador to Costa Rica).[3]
Vintage strategies
[edit]- Fund of funds - focusing on early stage VCs (with over $ 100 million), investing in early-stage startups with experienced teams, operating in large markets.
Vintage has 7 active fund of funds, invested in over 400 funds accumulating more than 200 exits in third-party funds. - Growth funds (VC funds) - looking for early growth startups (series B and beyond). Vintage's Growth fund strategy is based on a data-driven approach to identify promising startups. It has 4 active funds with more than 60 portfolio companies, responsible for over 20 exits.
- Secondary fund - investing in startups and funds at various stages.
Value+
[edit]Vintage offers services to strengthen connections between startups, funds, and corporate partners. The service using Vintage relationship with over 500 leading corporates, enhances meaningful Collaborations, Facilitated over 3,300 meetings and introductions between corporations and startups, resulting in approximately 300 deals totaling more than $ 200 million.[4]
Vintage also hosts corporate delegations in Israel, connecting them with startups in their field of business.
Social impact
[edit]As part of its social impact initiatives, Vintage supports Power in Diversity, founded by Alan Feld, which aims to promote diversification within the Israeli high-tech industry.[5] Vintage also became a signatory and partner to the UN supported Principles for Responsible Investment (PRI).
In its vision of fostering a more diverse tech industry, Vintage supports KamaTech Accelerator, which promote startups launched by Haredim.
Vintage Funds:
[edit]| Fund (year) | Type | Managed Capital | Notable Investments |
|---|---|---|---|
| Vintage Ventures I LP (2003) | Secondary Fund | $ 64 million | |
| Vintage Ventures II LP (2005) | Fund of Funds | $ 75 million | dbMotion, BRM Capital Fund, Vertex II, Viola Ventures III |
| Vintage Ventures III LP (2007) | Secondary Fund | $ 125 million | Earnix, Pitango II |
| Vintage Ventures IV LP (2009) | Fund of Funds | $ 92 million | Tene II, Inimiti I |
| Vintage Ventures V LP (2011) | Growth fund (VC Fund) | $ 80 million | Tufin, Wilocity, Ravello, Payoneer, Outbrain, Gigya, Celeno, Borderfree, Yotpo, Cybereason |
| Vintage Ventures VI LP (2012) | Secondary Fund | $ 161 million | BigID, CrazyLabs, Pitango II |
| Vintage Investments VII LP (2014) | Fund of Funds | $ 144 million | Viola Ventures IV |
| Vintage Investments VIII LP (2015) | Growth fund (VC Fund) | $ 125 million | Monday.com, Moovit, IntSights, Cellwize, JFrog, Red Bend, Verbit, Minute Media, HoneyBook, CTERA, Moon Active, Logz.io, Autotalks |
| Vintage Investments IX LP (2016) | Fund of Funds | $ 200 million | SimilarWeb, Ebury, Entrée Capital Israel II, Pontifax V |
| Vintage Investments X (2018) | Secondary Fund | $ 215 million [6] | MyHeritage, Zerto, Enzymotec, Alooma |
| Vintage Investments XI LP (2018) | Fund of Funds | $ 331 million | Pontifax VI |
| Vintage Investments XII LP (2019) | Growth fund (VC Fund) | $ 170 million | VAST Data, Wiliot, Transmit Security, Planck Re, Deci AI, Otonomo |
| Vintage Fund XIII LP (2020) | Secondary Fund | $ 312 million * [7] | |
| Vintage Fund XIV LP (2022) | Fund of Funds | $ 500 million * [7] | SentinelOne |
| Vintage Fund of Funds VII LP (Vintage XV) (2022) | Fund of Funds | $ 632 million * [8] | Capitolis |
| Vintage Growth Fund IV LP (Vintage XVI) (2023) | Growth fund (VC Fund) | $ 200 million * | OneStep |
* The fund hasn't completed its investments.
See also
[edit]References
[edit]- ^ Feld, Alan (2024-01-24). "How to plan for general partner succession". techcrunch.
- ^ Ben-David, Ricky (2021-10-14). "Israel's Vintage Investment Partners raises $812m for two new funds". Times of Israel.
- ^ Orbach, Meir (2024-01-30). "Vintage Investment Partners adds Dr. Samer Haj-Yehia and Andy Walter to its strategic advisory board". CTECH.
- ^ Orbach, Meir (2024-01-11). "Vintage Investment Partners raises $200 million for its 4th growth-stage fund". CTECH.
- ^ Atzmon Schmayer, Irad (2021-01-29). ""If we want to build teams or organizations that are capable of innovation, we need diversity"". CTECH.
- ^ "Israel's Vintage closes $215m VC fund". Globes. 2017-08-06.
- ^ a b Dor, Ofir (2021-10-14). "Israeli VC firm Vintage closes $812m in two new funds". Globes.
- ^ Orbach, Meir (2022-10-31). "Israel's Vintage raises $631 million for fund-of funds". CTECH.