TLDR:
Maniv, a global venture capital firm, closed its third fund at $140 million, bringing the firm’s assets under management to nearly $320 million. The fund will invest in Seed and Series A stage startups in the mobility, transportation, and energy sectors. The fund has already made four investments, including companies focusing on green hydrogen production, chip design, recycled plastics adoption, and electrifying LATAM’s two-wheeler market. Maniv has previous successful investments in companies like Hailo, Revel, and Harbinger Motors. The third fund was backed by institutional capital, high-net-worth individuals, and industry leaders in the transportation sector. The fund’s LP base includes automotive partnerships, such as Valeo, InMotion Ventures, and Woven Capital. Key quotes from the firm’s Managing Partner and General Partner emphasize the focus on driving the transportation sector forward for human prosperity. Portfolio companies highlight Maniv’s deep industry knowledge and connections within the mobility space.
Full Article:
Maniv, a global venture capital firm based in Tel Aviv and NYC, announced the closing of its third fund, a $140 million vehicle to invest in Seed and Series A stage startups. This brings the firm’s assets under management to nearly $320 million. Maniv has been investing since 2016 and was one of the first institutional investors to focus on the intersection between mobility, transportation, and energy.
The new fund has already made four investments:
- Celadyne, based in Chicago, focusing on extending the lifespan and efficiency of proton-exchange membranes for green hydrogen production.
- Neologic, based in Israel, introducing a proprietary chip design for performance gains in data centers and automotive.
- Circular, based in San Francisco, mainstreaming post-consumer recycled plastics adoption in manufacturing.
- Vammo, based in São Paulo, electrifying LATAM’s B2B two-wheeler market with a battery-swapping network.
Maniv’s previous funds have seen successful investments in breakout companies like Hailo, Revel, and Harbinger Motors. The third fund was backed by institutional capital, high-net-worth individuals, and industry leaders in the transportation sector, as well as automotive partnerships.
Key quotes from Maniv’s team emphasize the firm’s focus on driving the transportation sector into the future for human prosperity. Portfolio companies praise Maniv’s deep knowledge and connections within the mobility space, highlighting the value the firm brings as an investor and strategic partner.
