Pitango Venture Capital, Israel's largest early stage investor with over $1bn (€831m) in venture capital assets under management, has held a $300m final close on its fourth fund.

The funds were raised from institutional investors outside Isreal including HarbourVest, the fund-of-funds specialist, and Calpers, the largest pension fund in the US and one of the largest global investors in private equity with a $20bn investment programme. No Israeli institutions participated in the fundraising.