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Magma Venture Partners
5 posts
Business As Usual: Onavo, VideoSurf and Kaminario Raise Funding
The LinkedIn IPO this week may have opened the gates for an Israeli market thirsty for exits, but in the meanwhile, VC funding in Israel continues with business as usual. Below are three recent founding rounds in Israeli venture-backed companies. Onavo, Kaminario and VideoSurf are three recent examples of venture-backed Israeli startups that have raised funding.
Huge Round for Waze, Raises $25 Million for Social GPS
Israeli startup Waze, developer of the free social GPS app for smart phones, has announced a $25 million venture round to scale operations, continue building its platform for real-time location data and move its headquarters from Israel to Palo Alto, California according to the company blog, By The Waze.
Bitesize Tuesday: Fifty one, Provigent and Time to Know
# 80 schools in New York are testing Time to Know's computer-based curriculum in the class room as part of a $7.2 million project - http://goo.gl/TAFp
# Fabless semiconductor company Provigent is named the most promising startup in Israel by Globes and E&Y - The company had $25 million revenue in 2009 and expects $40 million in sales this year
2009 First VC Investments in Israel Down 50 Percent
Terra Venture Partners, a $25 million fund made the most first investments in 2009 (6 deals) followed by Carmel, Giza, JVP, Magma, Pitango, Sequoia and TriVentures (another small fund with $25 million under management), who all made 5 first time investments.
GreenSQL Secures $1.5 million for Open Source Database Firewall
GreenSQL, a Tel Aviv-based startup, recently raised a $1.5 million round from Magma Venture Partners, reports Startupmania. The company was founded earlier this year though the open source project upon which it is built dates back to 2007.