Venture Capital and Early Stage Tech Startups with a Spotlight on Israel

DFJ Invests $7 Million in Stealth Startup Zon networks

Welcome to VC Cafe. If you're new around here, you may want to subscribe to our feed and get daily updates for FREE.

 

Ofer Vilenski & Derry Shribman, the two entrepreneurs who previously sold Jungo to NDS Group for $108 million in 2006 go at it again. 

Founded only 6 months ago, Zon networks (temporary name) prefers to completely fly under the radar even after announcing the $7 million round led by Draper Fischer Jurvetson (original backer of Hotmail and Skype), Israeli VC funds Tamir Fishman Venture Capital and Megama as well as Trilogy Partnership - a Seattle-based fund that handles the money of former Microsoft and AT&T executives. 

The company is keeping a low profile but in interviews to the Israeli media DFJ commented that Zon will change the internet in the same way Skype changed VOIP. Founders revealed that the product is still a theoretical idea, but it will be aimed at the end user and it will leverage communication components of Windows operating system. The co-founder added that if all goes according to plan, the first product will be on the market in early 2009.

Zon is headquartered in Tel Aviv and currently has a head-count of 20. The company is looking to double in size in the coming months and it is looking for product development talent, particularly in telecommunications and Internet protocols.

 

July 13, 2008 | 1 Comment
Filed Under DFJ, Jungo, Zon Networks

 

Comments

One Response to “DFJ Invests $7 Million in Stealth Startup Zon networks”

  1. Zonner on June 25th, 2009 2:41 pm

    Terrible company with terrible people.
    They treat their workers like dirt and fire them on a whim.
    How do you think they will treat their users?

    I won’t touch this one with a stick…

Leave a Reply




  • Sponsors

    VC Cafe Sponsor

    Top start-ups are saving time & money with Crowdsourcing. Get the free C-Level Report to learn how.

  • Instant Updates

  • Recent Comments

  • Recent Posts