StartupIsrael News:
eXelate raised 4M$ from Carmel Ventures
Submitted by ron on October 28, 2007 - 13:33eXelate raised 4M$ from Carmel Ventures. The company is in the field of online advertisment, and has developed the 'delayed-ad-cookie' mechanism. The company's CEO is Meir 'Iri' Zohar, who was the CEO and founder of Oridian.
iDrink #7
Submitted by ron on October 24, 2007 - 12:19Yesterday we attended the iDrink#7 event - where internet entrepreneurs, investors and bloggers (and just people interested in that scene) can get together for a drink and chat.
It was quite a big event, with many people coming (they say around 400). Personally we met a few people and had a good time. It's good to look at the scene with two hats - both as StartupIsrael editors and TripTouch founders.
I'm not sure if a noisy bar is a good choice for such a location - perhaps a quiet time on the beach would have been better? but maybe the fact that you can't really speak and has to exchange business-cards has its advantages...
Technion seed - a new "seed" incubator from the Technion and 4 VCs
Submitted by ron on October 23, 2007 - 09:40The Technion Seed is the new incubator from the Technion institute (Haifa). The incubator is actually a partnership of 4 VCs (Vertax, Buttery Ventures, Vitalife and Proseed), who'll invest directly in the companies. They will invest in up to 5 companies each year (with no 500K$ limit investment like most incubators).
They are looking for high-risk and high-rewards companies - a huge market, promising technology and innovation. They want to invest in Internet, ICT, Medical devices and 'new-materials' companies.
Payoneer Gets $3M from Greylock Partners
Submitted by gil on October 23, 2007 - 01:42
Payoneer is announcing it has received the remaining $3M of a $4M Greylock investment. All earlier investors participated in the current round including Crossbar Capital and several angel investors. Payoneer will use the additional funds to expand its services for Web 2.0 companies and other businesses that need faster, easier and more cost-effective ways of paying people around the world.
Jamster and innerActive to Trial Mobile In-Game Advertising Service in UK
Submitted by gil on October 21, 2007 - 15:45Jamster, one of the world's leading providers of digital entertainment, able to reach one in six consumers around the globe, and Israel based innerActive Smart Media, a leading provider of innovative ad-funded entertainment channel, have announced today a trial of a new Mobile In-Game Advertising service in the UK.
Event: the Internet at the Service of the Business World
Submitted by gil on October 20, 2007 - 00:44Zero to IPO
Submitted by ron on October 15, 2007 - 09:02
MySpace to open an Israeli branch
Submitted by ron on October 14, 2007 - 09:17MySpace is opening a branch in Israel, and they are seeking a content-manager.
Evergreen's fifth fund, with 200M$ - completed the financing
Submitted by ron on October 14, 2007 - 09:14Evergreen finished raising money for the fifth fund - 200M$. They will invest in communication, internet, software and health. They might also invest in Cleantech.
Sportingo raises 3.2M$
Submitted by ron on October 3, 2007 - 00:50Israeli Sportingo raised 3.2M$ from Ingenious Media Active Capital. Sportingo has 550K monthly visitors.