Predict your next investment

Venture Capital
magenta.vc

See what CB Insights has to offer

Investments

6

Funds

2

About Magenta Venture Partners

Magenta Venture Partners is a venture capital firm focused exclusively on Israeli and Israeli-related early stage technology startups across multiple categories including Automotive, Mobility, Enterprise Software, IoT, Industry 4.0, Artificial Intelligence, Fintech, and Digitalization.

Magenta Venture Partners Headquarter Location

10 HaMenofim St.

Herzliya,

Israel

+972-77-2203650

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Magenta Venture Partners News

Veego Raises $13 Million Series A Funding to Provide CSPs with Actionable Connected Home Insights

Aug 25, 2021

Veego Raises $13 Million Series A Funding to Provide CSPs with Actionable Connected Home Insights NEW YORK, August 24, 2021-- Veego Software, a leader in producing actionable insights for a superior connected home customer experience, today announced the closing of its $13 million Series A financing round led by Magenta Venture Partners, a venture capital firm focused on early-stage Israeli startups in the artificial intelligence (AI), IoT, and enterprise software domains. The round also includes continued support from existing investors, State of Mind Ventures (SOMV), Robert Bosch Venture Capital GmbH, North First Ventures (N1V), Amdocs Ventures, as well as additional investors. "We are excited to have Magenta Venture Partners join our family of incredibly supportive investment partners," says Amir Kotler, Co-Founder and CEO of Veego. "Veego is the only solution on the market providing Communication Service Providers (CSPs) with Application-level Home Quality of Experience data and actionable insights, enabling them to personalize and optimize their service offerings. We are building on these successful engagements with global CSPs and ecosystem partners to enable further expansion.” “This round will also enable us to enhance our machine-learning models that deliver real-time analytical capabilities across multiple use cases and expand our reach globally,” added Kotler. "In a post-pandemic world, the Connected Home takes increased importance as a place of work, study, and play," says Ran Levitzky, Co-Founder & General Partner at Magenta Venture Partners, who is joining the Veego board of directors. "End-users are expecting ubiquitous Customer Experience to support their use of a variety of applications, while CSPs are mostly blind to the in-home Customer Experience. Our investment will help Veego entrench its position as the Connected Home data and insight leader, revolutionizing the way CSPs, app vendors, and content providers understand and address their home users' experiences and needs." The Veego Data Platform optimizes the internet user experience in the connected home through the continuous measurement of user engagements with web-based devices and services. The company provides visibility, scoring and assessments to rank the user’s quality of experience in the context of the service being consumed and its unique connectivity needs. With Veego, the root causes for streaming breaks, low-resolution video, poor audio, gaming latency, dropped Zoom calls and countless other connected home problems can be identified and rectified before they occur. In many cases, Veego can be set to automatically resolve issues in seconds -- launching a new era in connected home experience. Kotler added, “I am also thrilled to update that Japanese telecom operator Rakuten Mobile has joined Veego's customer list, and we will use this new round of funding to bring additional telecom operators on board." "Gaming, streaming, social and other apps consumed in-home are fueling the growth in connected devices and apps and making flawless Quality of Experience mission critical,” says Pinhas Buchris, State of Mind Ventures. "Veego's unique, contextual approach vastly enhances the way issues are detected, analyzed and resolved." For more information, contact Veego at info@veego.io. About Veego Veego optimizes the Internet user experience in the connected smart home. Developing Artificial Intelligence and other breakthrough technologies, Veego delivers to Home Stakeholders unique understanding of the performance and behavior of connected devices and the apps and services running on them, and the experience of users engaging with them. The Veego Home Data Platform generates vast volumes of new data that enable a wealth of valuable insights into the connected home, including incisive understandings of the customer experience, internet usage, performance, trends, and more. To learn more, please visit http://www.veego.io.

Magenta Venture Partners Investments

6 Investments

Magenta Venture Partners has made 6 investments. Their latest investment was in Veego as part of their Series A on August 8, 2021.

CBI Logo

Magenta Venture Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/24/2021

Series A

Veego

$13M

Yes

Amdocs Ventures, North First Ventures, Robert Bosch Venture Capital, State of Mind Ventures, and Undisclosed Investors

2

2/24/2021

Series B

Subscribe to see more

$99M

Subscribe to see more

10

2/2/2021

Series A

Subscribe to see more

$99M

Subscribe to see more

10

10/30/2019

Series A

Subscribe to see more

$99M

Subscribe to see more

10

10/29/2019

Series A

Subscribe to see more

$99M

Subscribe to see more

10

Date

8/24/2021

2/24/2021

2/2/2021

10/30/2019

10/29/2019

Round

Series A

Series B

Series A

Series A

Series A

Company

Veego

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Amount

$13M

$99M

$99M

$99M

$99M

New?

Yes

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Co-Investors

Amdocs Ventures, North First Ventures, Robert Bosch Venture Capital, State of Mind Ventures, and Undisclosed Investors

Sources

2

10

10

10

10

Magenta Venture Partners Fund History

2 Fund Histories

Magenta Venture Partners has 2 funds, including Magenta Venture Partners Venture Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/31/2018

Magenta Venture Partners Venture Fund

Early-Stage Venture Capital

1

Magenta Venture Partners Fund I

Subscribe to see more

$99M

10

Closing Date

10/31/2018

Fund

Magenta Venture Partners Venture Fund

Magenta Venture Partners Fund I

Fund Type

Early-Stage Venture Capital

Subscribe to see more

Status

Amount

$99M

Sources

1

10

Magenta Venture Partners Team

1 Team Member

Magenta Venture Partners has 1 team member, including undefined undefined, undefined.

Name

Work History

Title

Status

Ran Levitzky

Viola Ventures, Amdocs, Cortica, Electronic Arts, Google, Microsoft, Verint Systems, Government of Israel, and Picscout

Founder

Current

Name

Ran Levitzky

Work History

Viola Ventures, Amdocs, Cortica, Electronic Arts, Google, Microsoft, Verint Systems, Government of Israel, and Picscout

Title

Founder

Status

Current

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.