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Venture Capital Funds

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Snaptu, the app store for feature phones
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Facebook Acquires Israel’s Snaptu For an Estimated $60-70 Million

Facebook surprised with its first acquisition in Israel today, with the announcement that it is buying Israeli startup Snaptu (previously known as Moblica) for an estimated $60-70 million. Founded in 2007 by Ron Makavy, Micha Berdichevsky, and Barak Naveh, Snaptu raised a total of $9 million in three rounds

Going Down? Q3 VC Investments in US Tech Drop 14%

The latest VentureDeal quarterly report is out (see pdf) and it suggests that VC activity in tech has slowed down in the third quarter. Overall, 343 US companies raised $1.8 billion in venture capital funding in Q3 2010, representing a 14% decline in total funding amount compared to the previous quarter. The number of companies funded has also declined by 6%.
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LiveU Raises $11 Million from Pitango in its Third Round

LiveU has announced a third round of $11 million, led by Pitango and joined by existing investors, Carmel Ventures and Canaan Partners. This brings LiveU's total investment to date to over $23 million.As a result of this round Isaac Hillel, managing partner at Pitango, will join LiveU's board.
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Oversi Gets $4.9 million from Carmel, Cisco, Smac and StageOne Ventures

Israeli startup Oversi has announced a series C round of $4.9 million investment round led by Carmel ventures and joined by Cisco, Smac partners and StageOne ventures. Oversi offers a multi-service platform for over-the-top (OTT) content, including Internet video, peer-to-peer (P2P) and other media applications.
venture capital investments in israel q2 2010
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Crisis Shmisis: Q2 2010 Closes with 40 deals and more than $400 million raised in Israel (Deal Summary)

The second quarter of 2010 has come and gone and despite the depleting VC and incubator capital in Israel, the quarter has brought approximately 40 deals with over $400 million invested

Israeli Government Reveals High Tech “Bail Out” Plan to Boost the Technology Sector

The proposal will enable investors in startups to receive tax write-offs on investments for high-tech companies who spend at least 70% of their salaries in Israel. The new law is part of broader reforms to boost the high-tech sector, led by Dr. Yuval Steinitz, Israel's minister of finance and his ministry's director general, Haim Shani