Israeli VC Funds Struggled to Raise in 2009

The latest IVC report shows that Israeli VC funds were able to raise only $229 million in 2009, a staggering 72% less than $803 million raised in 2008 and the third lowest amount raised per annum in the last decade.

Clarizen’s SaaS Project Management Raises Third Round

Clarizen, an Israeli-based start up developing SaaS project management software for businesses, has attracted an $8 million round of investment. The round was led by DAG Ventures and joined by previous investors Benchmark Capital (Michael Eisenberg) and Carmel Ventures

Axxana Secures Series B Funding to Accelerate Uptake of Phoenix

Data protection software startup Axxana has secured a $9 million Series B investment led by Carmel Ventures. The investment proceeds will be used to help accelerate greater adoption of Axxana’s Phoenix System.

CopperGate Sells to Sigma Designs, Some Say Prematurely

CopperGate, the Fabless Semiconductor start up founded in 2000, was sold to Sigma Designs for $160 million in stock and cash. While this is one of the largest exits in Israel in recent months, critics say that it is yet another example of why high-tech companies can’t become large in Israel.

Exclusive: Kampyle Raises Round from Carmel Ventures

Feedback analytics start up Kampyle has raised an undisclosed round from Carmel Ventures. Founded in 2007 by Ariel Finkelstein, Ilan Steiner and Eran Sabir, Kampyle has developed a SaaS platform enabling webmasters to manage user feedback.
As featured on VC Cafe, Kampyle’s flagship product, Kampyle for websites is especially popular with eCommerce sites. Apart from the [...]

Israeli VC Funds Raised $793 Million in 2008

The capital available for investment now reaches $1 Billion, of which $400 million is intended for first investments in high-tech companies and the remainder reserved for follow-on investments. Forecasts for 2009 are pretty grim – IVC estimates only $300 million to be raised this year

Unusual Exit for Israel’s Delver

Now the company has announced its acquistion by… Sears Holdings. The price of the acquisition was not disclosed, but chances are that this is not a ‘happy exit’ for Delver’s investors, mainly Carmel Ventures who invested $4 million in Delver. The company struggled to raise 6 million NIS in recent months.

Nickels and Dimes in Israeli Venture Capital

The Israeli venture capital industry has experienced a $250 million decline in the past few months. Israeli venture capital funds have struggled to raise the target capital and the impact is likely to be felt on emerging technology companies in Israel.

Sell or close: Delver’s Social Search has 30 days left

Globes reports about the possible grim future of Delver, if the company can’t solve its cash flow problems in the next 30 days.  According to founder Liad Agmon Delver is up for sale and it is currently in contact with private investors. The company has taken about $4 million to date, from Israel’s Carmel Ventures.
Looking [...]

Carmel Ventures Puts $5 Million in SnapMylife

SnapMyLife, a mobile photo-sharing community site, has announced a $5 million round of funding led by current investors North Bridge Venture Partners and Carmel Ventures.
SnapMyLife launched in April, 2008 and has since grown to 1.5 million unique users a month, with over 500,000 registrations. There’s nothing earth shuttering about the product – it allows the [...]

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