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New Israeli VC firm has corporate roots

Tel Aviv skyline
Part of the Tel Aviv skyline. Photo: Jack Guez/AFP/Getty Images

Remagine Ventures has quietly launched as a new Israeli investment firm focused on early-stage media tech companies.

Heritage: Remagine's co-founders are Eze Vidra (ex-Google Ventures) and Kevin Baxpehler (ex-head of VC for ProSiebenSat.1).

The firm already has held a first close for a debut fund that had been targeting a total of $40 million, with limited partners including several media and telecom companies.