Outlook Brighter for Israeli Venture Capital Funds, but Don’t Expect the Go-go Years

Pitango raised $270 million, but Israeli VC funds find they need to scour the world to reach their fund-raising targets.

Israeli high-tech appears to be booming, but megadeals like the $1 billion sale of Waze to Google and the approaching initial public offering by Outbrain conceal one of the industry's biggest problems: the meager capital being raised by Israeli venture capital funds. So Pitango Venture Capital's closing of its sixth fund at $270 million...