Japan's Mitsui-backed Magenta Venture launches $100m fund for Israeli startups

A woman walks past the headquarters of Japanese general trading company Mitsui & Co., Ltd. in Tokyo July 9, 2009. REUTERS/Stringer

Israeli venture capital firm Magenta Venture Partners – a partnership between Tokyo-based Mitsui & Co and two Israeli VCs –  has launched a $100-million early-stage fund targeting Israeli tech startups, according to an official release.

The new fund will focus on multiple domains including automotive, mobility, AI, smart cities, Industry 4.0, enterprise software and fintech.

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