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 acting as fund of funds, secondary funds, VC funds and growth funds, investing across 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 first years Vintage invested in buying the holdings of disappointed investors who wanted to sell their technology holdings, after the Dot-com bubble burst. In its first decade, Vintage managed to raise a fund every 2 years, reaching a managed capital of $ 600 million in 2012.
Since 2014, Vintage has been launching a new fund approx. every year (see below for its funds list). As of November 2024 Vintage is managing nearly $ 4 billion in 16 funds.
Vintage has 3 distinct fund strategies:
- Fund of funds - focusing on early stage VCs (with over $ 100 million).
- Growth funds (VC funds) - looking for early growth startups (series B and beyond).
- Secondary fund - investing in startups and funds at various stages.
At the beginning of 2024 and after researching successful generation transition in the VC industry,[1] Alan and Vintage decided that general partners who reach the age of 62 will not join new funds.
Among the funds Vintage invested are: a16z (Andreessen Horowitz), Accel, 83 North, Battery Ventures, Bessemer Venture Partners, Grove Ventures, and General Catalyst.[2]
Among the investors who invested 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 including 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]
Value+
[edit]Vintage provide services that help amplify relationships between startups, funds and corporate partners. The service using Vintage relationship with over 500 leading corporates, enhance meaningful Collaborations, generated over 3,300 meetings and introductions between corporations and startups, promoted about 300 deals of over $ 200 million.[4]
Vintage also hosts corporate delegation in Israel, meeting them with startups in their field of business.
Social impact
[edit]As part of Vintage social impact approach, it supports the initiative Power in Diversity led by Alan Feld, which aims to promote diversification among the Israeli high-tech industry.[5] Vintage also became a signatory and partner to the UN supported Principles for Responsible Investment (PRI).
In the vision of making 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) | 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) | 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) | VC Fund | $ 170 million | VAST Data, Wiliot, Transmit Security, Planck Re, Deci AI, Otonomo |
| Vintage Fund XIII LP (2022) | Secondary Fund | $ 312 million * [7] | |
| Vintage Fund XIV LP (2020) | 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) | 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.