SCHEDULE: Viola Ventures Group Discloses 9.8% Stake in Pagaya

Viola Ventures and affiliated entities, including key individuals, have filed an amended Schedule 13G, disclosing a combined beneficial ownership of up to 9.8% of Pagaya Technologies Ltd.'s Class A Ordinary Shares as of June 30, 2025.

Summary

• Viola Ventures IV (A) L.P. beneficially owns 2,679,415 Class A ordinary shares, representing 4.1% of the class.
• Viola Ventures IV (B) L.P. beneficially owns 2,799,471 Class A ordinary shares, representing 4.3% of the class.
• Viola Ventures IV Principals Fund L.P. beneficially owns 154,249 Class A ordinary shares, representing 0.2% of the class.
• Viola Ventures IV CEO Program L.P. beneficially owns 41,295 Class A ordinary shares, representing 0.1% of the class.
• Viola 4 P, Limited Partnership beneficially owns 457,401 Class A ordinary shares, representing 0.7% of the class.
• Viola Ventures 4 L.P., Viola Ventures 4 Ltd., and Viola Ventures V.C. Management 4 Ltd. each report shared beneficial ownership of 6,131,831 Class A ordinary shares, representing 9.5% of the class.
• Avi Zeevi reports aggregate beneficial ownership of 6,364,797 Class A ordinary shares, representing 9.8% of the class, including personal holdings, shares held via A. Zeevi Management Services Ltd., and shared power over the 6,131,831 shares held by the Viola Ventures group.
• Harel Beit-On and Shlomo Dovrat each report shared beneficial ownership of 6,131,831 Class A ordinary shares, representing 9.5% of the class.
• The percentages are based on 64,873,392 Class A ordinary shares issued and outstanding as of June 30, 2025.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership, providing factual information without explicit positive or negative sentiment regarding company performance or future prospects.

Positives

• A significant and continued beneficial ownership stake by a venture capital group and its principals may signal confidence in the long-term prospects of Pagaya Technologies Ltd.

Risks

• The percentage of outstanding voting power held by the reporting persons is lower than their reported Class A ownership percentage due to the existence of 11,288,577 Class B ordinary shares (entitled to ten votes per share) and 5,000,000 Series A preferred shares (entitled to one vote per share, convertible 1:1 to Class A ordinary shares), which could dilute the voting influence of Class A shareholders.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders are impacted by the disclosure of significant ownership by a group of related entities and individuals, which provides transparency regarding major investors and their collective influence.

Key Dates

Keywords

Pagaya Technologies, Viola Ventures, Schedule 13G, Beneficial Ownership, Class A Shares, Institutional Investor, Venture Capital, Fintech, Investment