Tuesday, September 4, 2012
Boxee, Anobit, DudaMobile Backer Pitango Closes $150M In Newest $250M Fund
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.