COMPANY

Pitango

Pitango is a israeli multi-stage venture capital and fund management firm.

Analyst Perspective

Pitango Ltd. is an Israeli venture capital firm that raises and manages multiple investment funds and deploys capital into startups from seed through growth stages. Its platform includes dedicated strategies such as Pitango First, Pitango Growth and Pitango HealthTech, and public materials cite more than $3B invested across 300+ companies. The firm serves two paying customer groups in practice: limited partners allocating capital to venture funds, and portfolio companies that receive capital and strategic support. Pitango creates value by sourcing venture opportunities, selecting and backing companies, supporting portfolio development and realising returns through exits. Its business model is fund management, with revenue derived primarily from management fees and carried interest.

Analyst Signal Briefing

Updated: 30 Jul 2026

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Category Differentiation

Pitango is a venture capital firm and fund manager, not a startup operating SaaS or advertising technology products. It is also distinct from individual portfolio companies backed by its funds.

Pitango: About

Pitango operates as a venture capital fund manager. It raises capital from institutional and other limited partners into dedicated funds, invests that capital into private companies across defined stages and sectors, supports those companies through growth, and captures value when portfolio companies exit or appreciate. The firm’s platform structure across multiple funds broadens deal coverage and enables repeat capital formation.

How Pitango Works & Monetises

Business model analysis and core revenue streams

Pitango monetises through standard venture capital economics: recurring management fees on assets under management and performance-based carried interest on realised investment gains. Additional economic value accrues through repeat fund launches and portfolio scale, rather than software subscriptions or transactional take rates.

Revenue Channels

Fund management feesRecurring fee on committed or managed capital
Carried interestPerformance-based share of realised investment profits
Other fund-related incomeAncillary fund economics and reimbursements

Pitango: Key Subsidiaries & Acquisitions

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Recent Signals (Pitango)

AdzineJan 18, 2017

Appsflyer bekommt 56-Millionen-Finanzspritze

AppsFlyer, the Tel Aviv-based mobile marketing analytics startup, secured a 56-million financing round. The company claims its technology reaches 98% of smartphones worldwide and boasts 10,000 customers with 2,000 integrated ad networks and partners. It measures $6 billion in annual mobile ad spend and analyzes more than 300 billion monthly mobile user activities. In 2016, AppsFlyer opened a DACH headquarters in Berlin, focusing on Germany where customers include Kayak, Swoodoo, Trivago, DeutschlandCard, Freeletics, Goodgame Studios and BigPoint. Existing investors Magma Venture Partners, Pitango Venture Capital and Eight Roads Ventures participated in the round. The new capital will be invested in product development and innovations to connect marketing activities across mobile, web, TV and offline channels, expand partnerships, and explore acquisitions, including in Asia.

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AdExchangerApr 15, 2011

IPG’s Agency Trading Desk, Cadreon, Turning Into TAP; Funding Gone Wild With MarketShare, VideoSurf, INVIDIA

AdExchanger’s Friday news roundup highlights funding and strategic moves in advertising technology. IPG’s Mediabrands realigns its operations and advances Cadreon into TAP, The Audience Platform, the next phase in the Cadreon exchange to unlock value across Mediabrands and IPG. Matt Freeman leaves Mediabrands to join IPG’s McCann Erickson, reporting to Nick Brien, Chairman and CEO of McCann Worldgroup. MarketShare secures a $32 million follow-on investment from Elevation Partners, with Adam Hopkins joining its board. VideoSurf raises $16 million from Pitango Venture Capital to commercialize image-recognition software that identifies images in video. INVIDI receives $49 million from DirecTV, bringing total investments to about $139 million, and DirecTV’s Advatar targeting software could enable substantial local ad revenue, potentially up to $400 million. The roundup also notes Apple’s do-not-track tool in a test browser and the Consumer Privacy Protection Act of 2011 introduced by Cliff Stearns and Jim Matheson.

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Pitango: Frequently Asked Questions

What is Pitango?

Pitango is an Israeli venture capital firm that manages multiple funds and invests in startups from seed to growth stages.

Who uses Pitango?

Its direct customers are limited partners allocating capital to venture funds and startups seeking equity investment and strategic support.

How does Pitango make money?

Pitango generates revenue primarily through fund management fees and carried interest on successful portfolio exits.

Company Facts

Founded
1993
Headquarters
11 HaMenofim St, Herzliya, 4672562, Israel
Core Segment
Private Equity, VC & Investor
Company Size
10–49
Official Link
pitango.com