VC firm Maniv closes a $140M fund to accelerate global innovation in mobility and energy

VC firm Maniv closes a $140M fund to accelerate global innovation in mobility and energy

Founded in Israel by Michael Granoff in 2016, Maniv has grown significantly, boasting a larger investor base and expanded geographic focus. Recently, it closed a $140 million fund and opened a new office in New York City.

• Investment Strategy: Maniv remains primarily a seed-stage fund, focused on early-stage investments at the intersection of mobility, transportation, and energy. The firm's latest fund, Maniv III, reflects some notable evolutions in its investment strategy.

• Geographic Expansion: While initially focused on Israeli startups, Maniv now has active portfolio companies in nine countries. The firm aims to pursue the best deals globally while still keeping an eye on the local market.

• Focus Shift: Maniv has shifted its focus from the once-trendy term "mobility" to deep tech, decarbonization, and digitization of the transportation sector. Despite this shift, Maniv remains central to its mission.

• Investor Base Diversification: Maniv's investor base has diversified beyond automakers to include strategic investors in leasing, fintech, logistics, energy, and more. New investors, such as BNP Paribas Personal Finance, Shell, and Enterprise Mobility, reflect the changing landscape of transportation.

This funding round and the vision of SiftHub highlight the growing interest and investment in AI-driven sales solutions, particularly those aimed at enhancing team collaboration and workflow automation.