Israel's Pitango -- backers of Boxee, Anobit (now part of Apple), fring, mySupermarket, and many other startups -- is gearing up for a new round of investment activity: the venture capital firm has announced a $150 million first closing on its latest fund. The firm is aiming for Pitango VI, as the fund is called, to eventually total $250 million. As with previous investments, Pitango says that it will be using this fund for seed, pre-seed and growth-stage investments in older companies. All investments from now will come out of this fund, it says. Source: http://feedproxy.google.com/~r/Techcrunch/~3/BA4zfrDE0Gg/
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