JERUSALEM (Reuters) – Magenta Venture Partners, a partnership between Japan’s Mitsui & Co and two Israeli venture capitalists, said on Monday it has launched a new fund targeting $100 million to invest in early-stage Israeli tech startups.

The final closing of the Israel-based fund is planned for 2019. It will invest in sectors like mobility, artificial intelligence, financial technology and automotives.

Investors in the fund include Mitsui and Koito Manufacturing.