About Ithaca Capital
Ithaca Capital is a private equity firm founded in 1998. It is primarily based in Karachi, Pakistan. As of Oct 2026, Ithaca Capital is an active investor with a portfolio of 19 companies, comprising 19 funding rounds and 1 acquisition. In the last 12 months, it has participated in 1 funding round. The firm primarily invests in companies based in Pakistan and Germany. Its portfolio is spread across a wide range of sectors from Consumer to Travel and Hospitality. Its latest investment was a $***** Series A round in Netsec on Oct 06, 2026 which also saw participation from Partech Partners, Primo Capital and other investors.
A lot of funds co-invest with Ithaca Capital, with names like Vento sharing a substantial percentage of its portfolio.
Ithaca Capital has a team of 3 people, including 1 partner.
Ithaca Capital's Portfolio
Ithaca Capital has a portfolio of 19 companies. They have invested in a total of 19 companies. Their most recent investment was in Netsec (Series A round) on Oct 06, 2026. Here is the most recent investment by Ithaca Capital:Date | Company | Round | Amount | Co-Investors |
|---|---|---|---|---|
Oct 06, 2026 | Series A | 5662 | ||
Aug 23, 2022 | Seed | 1023 | ||
Jul 06, 2022 | Seed | 5663 | ||
Jan 28, 2020 | Seed | 1320 |
Ithaca Capital has acquired 1 company. Their most recent acquisition was of Habibullah Coastal Power Plant on Jun 01, 2013. Here is the most recent acquisition by Ithaca Capital:
Acquisition Date | Company | Short Description | Total Funding | Founded Year |
|---|---|---|---|---|
Jun 01, 2013 | Developer of thermal power plants | - | 1996 |
Here is the portfolio snapshot of Ithaca Capital:
Investments by Year
The maximum number of investments were made in 2022
Portfolio by Location
Companies are primarily in Pakistan and Germany
Portfolio by Sector
Companies are primarily in Consumer
Team profile of Ithaca Capital
Ithaca Capital has a team of 3 members located in Pakistan and United States. Ithaca Capital's team does not sit on the board of any company as of now.Co-investors of Ithaca Capital
Over the past 28 years, 30 investors have co-invested in Ithaca Capital's portfolio companies.
- Top Co-investors of Ithaca Capital: 30 investors entered a company along with Ithaca Capital. These include investors like Vento (2 companies).
Ithaca Capital News
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Money management app Emma bags $2.5m in seed fundingFinTech Futures•Jan 15, 2026•Airbnb, Ithaca Capital, Emma, Tiny and 4 others
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ReportAId, AI Startup for Healthcare, Secures €2.2 Million in Pre-Seed FundingBeBeez•May 07, 2025•ReportAId, Italianfoundersfund.com, HEARTFELT_, Exceptional Ventures and 5 others
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Milan-based fintech Qomodo raises €34.5 million to revolutionise essential expenses for physical retailersEU-Startups•Nov 07, 2023•Qomodo, Fasanara, Exor, Proximity Capital and 9 others
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Milan-based Jet HR raises €4.7 million in one of Italy’s largest pre-seed rounds aiming to revolutionise HR managementEU-Startups•Jun 26, 2023•JetHR, Exor, B Heroes, Club degli Investitori and 5 others
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Mondee Appoints Orestes Fintiklis Vice Chairman of the Board and Chief Corporate Strategy and Business Development OfficerBusiness Wire•Jul 29, 2022•Mondee, ITHAX ACQUISITION, Ithaca Capital
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AI-based Test Preparation Platform Futura Raises €1.8M To Make Private Tutoring AccessibleEdTechReview•Jul 07, 2022•Futuraitaly, United Ventures, Exor, Ithaca Capital and 1 other
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Bykea Raises $10M in FundingFinSMEs•Jun 28, 2022•Bykea, Prosus, Middle East Venture Partners, Sarmayacar and 3 others
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Scalapay raises €131 million to fuel international expansionFashion Network•Sep 14, 2021•Scalapay, Tiger Global Management, Baleen Capital, Fasanara and 2 others
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ITHAX Acquisition Corp. Announces Closing of Upsized $241.5 Million Initial Public OfferingGlobeNewswire•Feb 01, 2021•Ithaca Capital
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Milan-based Scalapay raises €40 million to expand its ‘buy now pay later’ solutionEU-Startups•Jan 28, 2021•Scalapay, Fasanara, Baleen Capital, Ithaca Capital
