Global from Day One: Aragon Networks Promises to Make the Web Faster, Secures Seed Funding from Genesis

The speed of internet access available to the average citizen of a country is now widely recognized as a key economic indicator. This is not surprising as, with faster access to information, knowledge workers are able to work more productively. And for consumers, there is clear value in being able to explore the increasingly rich [...]

Profitect Raises $5.5 Million for Fraud Detection Software

Israeli start up Profitect, creator of fraud detection and loss prevention software, announced a second financing round of $5.5 million led by Genesis Partners and Cedar Fund. Cedar was the main backer in the company’s first round of $3 million back i

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

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.

Bitesize Monday: Modu and Ginger Get Funding

Big day for Israeli start ups today as two companies announce funding from unexpected sources. No VC money? no problem!
Modu Mobile, Dov Moran’s mobile company aiming to create the world’s smallest cell phone, gets an oxygen injection today with the announcement of a $7 Million dollar round from chip manufacturer Qualcomm. The strategic agreement signed [...]

Intercast’s sad exit, way below value

Israeli start up Intercast Networks is about to be sold for $7.2 -$10 million (estimates vary according to Israeli media outlets), to an undisclosed client, marking a significantly lower exit compared to what was invested in the company. The main losers are Gemini and Genesis.
Founded by prof Yechiam Yemini, a CS professor in Columbia University,  [...]

Gaming Chips: PrimeSense Closes $20M in Round B

Canaan Partners led the $20.4 million funding round of Israeli startup Prime Sense Inc.  Gemini Israel Funds and Genesis Partners, prior investors in PrimeSense, also participated in this second round. I first wrote about PrimeSense on VC Cafe when they presented at CES this January.
PrimeSense is in fact a gaming company, creating technology that enables [...]

Genesis Partners Set Out to Raise $150 Million – Will they make it?

Globes reports that Genesis partners is getting ready to raise a fourth fund of $150 million in addition to its $518 million under management. I wonder how the timing will affect their level of success. There’s a saying in Heberew: an Optimist is a Pesimist with no prior experience.
On one hand, Genesis recently marked an [...]

VM Ware, Behind You: MSFT Buys Israeli Virtualization Startup Kidaro

Microsoft likes the flavor of Falafel – that’s one explanation for its second acquisition of an Israeli startup in two weeks.
Following the sweet exit of YaData, MSFT goes at it again and this time it’s Kidaro’s turn, an Israeli developer of desktop virtualization software for enterprises. The sum of the acquisition was undisclosed, but Globes [...]

Just In: Innovid Media Raises $3M For In-Video Product Placement

Genesis Partners, an Israel-based fund focusing on seed stage investments, was the sole investor in a $3 million funding round of Innovid Media, developer of an innovative interactive video advertising platform. Following the investment, Genesis partner Jonny Saacks will join Innovid’s board. Jeff Pulver, known as the VOIP expert and organizer of the VON conference, was a seed investor in [...]

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