Corporate accelerators are a recent phenomenon, both in Israel and globally. Microsoft selected Israel last year to launch its very first accelerator program. The company takes no equity, with the emphasis on business and technical mentoring.
eBay acquired Israeli startup The GiftsProject for an undisclosed sum, according to AllthingsD. Founded in 2009, The GiftsProject has created a social commerce application, enabling users to vote, comment and buy a gift together as a group. Back in February, the GiftsProject announced a partnership with eBay as well as $1 million seed round from Gemini and Index ventures.
Mashable published a brilliant infographic on the connections between the large tech companies in the valley, including Google, Microsoft, Apple, Paypal, eBay and others. So whether someone was a Paypal Mafia member or a Xoogler, the conclusion is that they all end up filling their pockets and working for one of their neighbors in San Francisco, Mountain View or Palo Alto.
In 2008, we covered the story of EyeView on VC Cafe. Three friends won the Harvard Business School business plan competition, carried on with the venture to raise money from respectable VCs in Israel and land clients like Yahoo and eBay. But since then, very little was heard about the company until now. Beet.tv reported that Innovation Endeavors, the VC fund led by Google's chairman Eric Schmidt, has invested an additional $1 million in Eyeview, bringing the total investment in the company to $6 million to date from Gemini and Lightspeed ventures.
The Gifts Project is a social ecommerce platform enabling group gifting. Its CEO, Ron Gura, was a mentor at Seedcamp Tel Aviv 2011, an early-stage micro seed investment and mentoring programme. Startup Intelligence recently interviewed him for VC Cafe.
The Gifts Project, a social commerce platform, has been making quite a few headlines recently. The company raised $1 million in seed from Gemini and a few days later, European VC Index Ventures was mysteriously added to its investors page. The terms of the additional funding were not disclosed. Today, the Gifts Project announced a partnership with eBay, in which the e-commerce giant will host the Gift Project's 'white label' application, which enables users to set up their own Group Gift pages on eBay
Lock and load – that’s what five Israeli startups did this week announcing a total of $30 million from both Israeli and international funds. After almost a year and a half of no investments in Israeli startups, Ouriel Ohayon’s LGI…
Like the appetizer sampler in a restaurant, this is supposed to be a teaser, or an appetizer if you will. There’s a lot of new Israeli tech out there, and the only way to find out about it is covering…
In an effort to fight fraudulent transactions and boost trust in online purchases, Paypal, the online payment service of eBay (NSDQ: EBAY), bought Israel/California based Fraud Sciences for a whooping $169 million in cash. Fraud Sciences is has developed online…
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