Français
Español
English
Portuguese
The new capital will be deployed over the next three years into around 15 startups, with initial investments ranging from $2 million to $7 million, and follow-on investments reaching up to $15 million.
Pitango HealthTech, the healthcare-focused arm of Israeli venture capital giant Pitango, has closed a new $175 million fund to support Israeli startups driving innovation across digital health, biotech, medical devices, and diagnostics.
Based in Herzliya, Pitango is doubling down on Israeli healthtech after its first healthcare fund of $150 million launched in 2019. The new capital will be deployed over the next three years into around 15 startups, with initial investments ranging from $2 million to $7 million, and follow-on investments reaching up to $15 million.
The fund aims to boost Israeli entrepreneurs working at the intersection of life sciences, data science, and artificial intelligence — a convergence Pitango sees as the future of global healthcare. “We’re just at the beginning of a healthcare revolution, and Israeli startups are helping lead the way,” said Ittai Harel, managing partner at Pitango HealthTech.
Initial investments include QuantHealth.ai, which simulates virtual drug trials for pharma companies, and Nevia Bio, a femtech startup developing AI-based tools for early detection of women’s health conditions.
Israel’s healthtech ecosystem has remained resilient despite global economic challenges. In 2022, Israeli healthcare startups raised $2.8 billion, down just 13% from the previous year outperforming much of the tech sector, according to IVC Research Center and aMoon.
Pitango’s broader healthtech portfolio includes companies like Clew (AI medical analytics), Protai (drug discovery), and Vertos (medical devices). With over $3 billion under management, Pitango has backed more than 250 companies, with over 85 successful exits.
Founded in 1993 by Chemi Peres and Rami Kalish, Pitango is a key player in Israel’s rise as a global healthtech hub. “We’ve seen over 50 healthcare investments, and 15 successful exits — that gives us confidence to scale further,” said Kalish.
With healthtech making up 20% of Israel’s tech ecosystem, employing over 63,000 people, Pitango’s latest fund underscores the country’s growing role in shaping the future of medicine. Donate to vital charities that help protect Israeli citizens and inspire millions around the world to support Israel too! Now more than ever, Israel needs your help to fight and win the war -- including on the battlefield of public opinion. Antisemitism, anti-Israel bias and boycotts are out of control. Israel's enemies are inciting terror and violence against innocent Israelis and Jews around the world. Help us fight back!
Do You Love Israel? Make a Donation - Show Your Support!
