PICO Venture Partners

PICO Venture Partners, established in 2015, is an early-stage venture capital firm headquartered in Jerusalem, Israel, with additional offices in Tel Aviv, Israel, and New York, USA. The firm specializes in investing in visionary Israeli entrepreneurs developing future-defining technologies, with a focus on software, artificial intelligence, machine learning, and big data sectors. PICO supports its portfolio companies through close partnerships, leveraging its domain expertise, advisor network, collaborative workspaces, and go-to-market channels to facilitate growth. The firm has successfully exited from four investments and has made a total of 48 investments across two funds. Notable portfolio companies include Vroom (Nasdaq: VRM) and Spot.io (acquired by NetApp).

Hila Krainer

Associate

Elie Wurtman

Co-Founder and Managing Partner

Tal Yatsiv

General Partner

Past deals in Israel

Zero Networks

Series B in 2023
Zero Networks Inc., founded in 2019 and based in Tel Aviv, Israel, specializes in cloud-based network security software. The company focuses on automating the development and enforcement of network access rules, allowing organizations to customize access for users and machines based on their communication patterns. Its technology eliminates the need for agents or manual policy configurations, providing a streamlined security solution. Additionally, Zero Networks includes a two-factor authentication mechanism that allows for secure connectivity even in unusual situations, ensuring that legitimate connections remain unaffected. By automating network access policies, Zero Networks aims to enhance security and prevent breaches, thereby safeguarding organizational operations.

Affogata

Seed Round in 2022
Affogata is a customer intelligence firm based in Bnei Brak, Israel, that specializes in gathering and analyzing data from various external and internal sources, including the open web, review sites, social channels, niche forums, and customer conversations. By leveraging AI-enabled brand reputation analytics software, Affogata transforms customer feedback into actionable insights that support decision-making across all organizational levels, from product teams to executive leadership. The company's platform provides real-time analytics, helping businesses identify unusual patterns, streamline responses, and engage in proactive strategies to address customer feedback. This approach enables organizations to enhance their products and services based on meaningful data-driven insights.

Zero Networks

Series A in 2022
Zero Networks Inc., founded in 2019 and based in Tel Aviv, Israel, specializes in cloud-based network security software. The company focuses on automating the development and enforcement of network access rules, allowing organizations to customize access for users and machines based on their communication patterns. Its technology eliminates the need for agents or manual policy configurations, providing a streamlined security solution. Additionally, Zero Networks includes a two-factor authentication mechanism that allows for secure connectivity even in unusual situations, ensuring that legitimate connections remain unaffected. By automating network access policies, Zero Networks aims to enhance security and prevent breaches, thereby safeguarding organizational operations.

Affogata

Seed Round in 2021
Affogata is a customer intelligence firm based in Bnei Brak, Israel, that specializes in gathering and analyzing data from various external and internal sources, including the open web, review sites, social channels, niche forums, and customer conversations. By leveraging AI-enabled brand reputation analytics software, Affogata transforms customer feedback into actionable insights that support decision-making across all organizational levels, from product teams to executive leadership. The company's platform provides real-time analytics, helping businesses identify unusual patterns, streamline responses, and engage in proactive strategies to address customer feedback. This approach enables organizations to enhance their products and services based on meaningful data-driven insights.

ReSec

Series A in 2020
ReSec is an Israeli cybersecurity company that specializes in protecting organizations from file-based malware threats, including both known and unknown vulnerabilities. The company offers a unique solution that utilizes patented Content Disarm and Reconstruction (CDR) technology, which treats every incoming file as a potential threat. By keeping the original file outside of the organization’s network, ReSec delivers a safe and fully functional replica to the end-user in real-time. This approach effectively addresses the shortcomings of traditional anti-malware solutions. ReSec's platform is designed for medium to large enterprises, including banks, government agencies, and infrastructure companies, ensuring robust security without compromising usability. With a proven track record and a diverse client base, ReSec's offerings are well-established in the market.

Zero Networks

Seed Round in 2020
Zero Networks Inc., founded in 2019 and based in Tel Aviv, Israel, specializes in cloud-based network security software. The company focuses on automating the development and enforcement of network access rules, allowing organizations to customize access for users and machines based on their communication patterns. Its technology eliminates the need for agents or manual policy configurations, providing a streamlined security solution. Additionally, Zero Networks includes a two-factor authentication mechanism that allows for secure connectivity even in unusual situations, ensuring that legitimate connections remain unaffected. By automating network access policies, Zero Networks aims to enhance security and prevent breaches, thereby safeguarding organizational operations.

Arbox

Seed Round in 2020
Arbox Ltd. is a company that develops business management software specifically for gyms, fitness studios, wellness centers, and educational courses. Established in 2015 and based in Bnei Brak, Israel, Arbox provides a comprehensive platform that includes tools for scheduling classes and appointments, managing client relationships, processing payments, and conducting marketing activities. The platform also features business intelligence and retention tools, as well as a mobile app for members. By offering these integrated solutions, Arbox aims to streamline operations, enhance customer experiences, and support business owners in their growth and revenue generation efforts.

Arbox

Pre Seed Round in 2019
Arbox Ltd. is a company that develops business management software specifically for gyms, fitness studios, wellness centers, and educational courses. Established in 2015 and based in Bnei Brak, Israel, Arbox provides a comprehensive platform that includes tools for scheduling classes and appointments, managing client relationships, processing payments, and conducting marketing activities. The platform also features business intelligence and retention tools, as well as a mobile app for members. By offering these integrated solutions, Arbox aims to streamline operations, enhance customer experiences, and support business owners in their growth and revenue generation efforts.

ChargeAfter

Series A in 2019
ChargeAfter Ltd operates a consumer financing platform that connects merchants with a network of global lenders to provide personalized and responsible financing options at the point of sale. Founded in 2017 and headquartered in Ramat Gan, Israel, with additional offices in California and New York, the company offers a data-driven decisioning engine that facilitates real-time financing offers tailored to various consumer credit types. This approach enables approvals for nearly all customer applications, enhancing the shopping experience for consumers while allowing retailers to implement the platform quickly both online and in-store. ChargeAfter’s platform features detailed transaction reporting and white-label options, enabling merchants to seamlessly integrate multiple financing products into their sales processes. By streamlining credit distribution, ChargeAfter helps merchants boost conversion rates, increase average order values, and foster customer loyalty.

ReSec

Series A in 2019
ReSec is an Israeli cybersecurity company that specializes in protecting organizations from file-based malware threats, including both known and unknown vulnerabilities. The company offers a unique solution that utilizes patented Content Disarm and Reconstruction (CDR) technology, which treats every incoming file as a potential threat. By keeping the original file outside of the organization’s network, ReSec delivers a safe and fully functional replica to the end-user in real-time. This approach effectively addresses the shortcomings of traditional anti-malware solutions. ReSec's platform is designed for medium to large enterprises, including banks, government agencies, and infrastructure companies, ensuring robust security without compromising usability. With a proven track record and a diverse client base, ReSec's offerings are well-established in the market.

Jolt

Seed Round in 2018
Jolt builds a network of innovative learning spaces where professionals learn together from world-class instructors. Jolt members upskill themselves through short and effective learning sessions as part of their weekly routine, and are part of a global tribe of lifelong learners. Jolt's learning spaces provides short and effective learning sessions as part of their weekly routine, held in futuristically designed classrooms on small campuses. Jolt was founded in 2015 and is headquartered in Tel Aviv, Israel.

Ment.io

Series B in 2018
Ment.io Ltd. operates a web-based decision-making platform designed to assist teams in effectively managing their decision processes. Founded in 2014 and headquartered in Tel Aviv, Israel, with an additional office in San Francisco, California, the platform enables users to pose questions, facilitate discussions, and arrive at decisions in a streamlined manner. This approach addresses the challenges teams face with numerous daily decisions, often hindered by lengthy meetings and fragmented communication channels like email and Slack. By promoting credible and swift decision-making, Ment.io aims to enhance the confidence of teams in their choices, ultimately fostering better outcomes for mid-to-large-sized organizations and growth companies.

ChargeAfter

Venture Round in 2017
ChargeAfter Ltd operates a consumer financing platform that connects merchants with a network of global lenders to provide personalized and responsible financing options at the point of sale. Founded in 2017 and headquartered in Ramat Gan, Israel, with additional offices in California and New York, the company offers a data-driven decisioning engine that facilitates real-time financing offers tailored to various consumer credit types. This approach enables approvals for nearly all customer applications, enhancing the shopping experience for consumers while allowing retailers to implement the platform quickly both online and in-store. ChargeAfter’s platform features detailed transaction reporting and white-label options, enabling merchants to seamlessly integrate multiple financing products into their sales processes. By streamlining credit distribution, ChargeAfter helps merchants boost conversion rates, increase average order values, and foster customer loyalty.

Ment.io

Venture Round in 2016
Ment.io Ltd. operates a web-based decision-making platform designed to assist teams in effectively managing their decision processes. Founded in 2014 and headquartered in Tel Aviv, Israel, with an additional office in San Francisco, California, the platform enables users to pose questions, facilitate discussions, and arrive at decisions in a streamlined manner. This approach addresses the challenges teams face with numerous daily decisions, often hindered by lengthy meetings and fragmented communication channels like email and Slack. By promoting credible and swift decision-making, Ment.io aims to enhance the confidence of teams in their choices, ultimately fostering better outcomes for mid-to-large-sized organizations and growth companies.

ReSec

Series A in 2016
ReSec is an Israeli cybersecurity company that specializes in protecting organizations from file-based malware threats, including both known and unknown vulnerabilities. The company offers a unique solution that utilizes patented Content Disarm and Reconstruction (CDR) technology, which treats every incoming file as a potential threat. By keeping the original file outside of the organization’s network, ReSec delivers a safe and fully functional replica to the end-user in real-time. This approach effectively addresses the shortcomings of traditional anti-malware solutions. ReSec's platform is designed for medium to large enterprises, including banks, government agencies, and infrastructure companies, ensuring robust security without compromising usability. With a proven track record and a diverse client base, ReSec's offerings are well-established in the market.

Ment.io

Venture Round in 2015
Ment.io Ltd. operates a web-based decision-making platform designed to assist teams in effectively managing their decision processes. Founded in 2014 and headquartered in Tel Aviv, Israel, with an additional office in San Francisco, California, the platform enables users to pose questions, facilitate discussions, and arrive at decisions in a streamlined manner. This approach addresses the challenges teams face with numerous daily decisions, often hindered by lengthy meetings and fragmented communication channels like email and Slack. By promoting credible and swift decision-making, Ment.io aims to enhance the confidence of teams in their choices, ultimately fostering better outcomes for mid-to-large-sized organizations and growth companies.
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