Monthly Archives: March 2010

Magento Keeps Going from Strength to Strength

According to this SEC filing, Varien has raised $22.5 million in an equity deal to an undisclosed investor. According to TechCrunch, it may very well be Paypal, who has been collaborating with Magento on product development since 2008.

Entrepreneur State of Mind: “The New Dork”

The team at Grasshopper.com, a virtual phone system for entrepreneurs (a-la Skype and Gizmodo), created this fun viral video titled “THE NEW DORK – Entrepreneur State of Mind”. It’s a spoof of Jay-Z and Alicia Keys, worth a watch.

Sequoia Funds Snaptu to Power Apps on Java Phones

Tel Aviv based startup Snaptu has received an undsiclosed round of funding from Sequoia Capital. Snaptu, previously known as Moblica, brings iPhone-style apps to any phone that can run a Java application (according to Snaptu, most phones do).

EyeBlaster’s Second Shot at IPO: Will it Work This Time?

Eyeblaster pulled out of its initial IPO filing in October 2008 citing the “market conditions” as a reason for the delay. Today, Eyeblaster notified the SEC of its intention to go public as detailed in the company’s S-1 Filing. Eyeblaster is trying to raise $115 million by selling stock. This is the exact amount it was trying to raise two years ago, in the initial IPO.

Battery Ventures Announces New $750 Million Fund

Amidst a 72% decline in funds raised by Israeli venture capital funds in 2009, Battery Ventures announced the completion of its new fund, BV-9, totaling $750 million. This is one of the largest funds raised in the first quarter of 2010 as VC funds struggle to raise money due to poor performance and low liquidity.

TodaCell Raises $1 More Million from Afterdox

According to Imran Kahn, analyst for J.P. Morgan, mobile display advertising is expected to grow by 81% from $140 million in 2009 to $253 million in 2010. Todacell, the mobile ad optimization network based in Tel Aviv, has announced a second funding round of $1 million, led by AfterDox, the company’s previous backers. The proceeds of this round has …

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Online Ad Manager DoubleVerify Announces $10 Million B Round

Online advertising verification service DoubleVerify announced second round funding of $10 million. The round was led by Institutional Venture Partners (IVP) and included participation from previous investors Blumberg Capital, First Round Capital, Genacast Ventures as well as private backers.

Invest in Israel Newsletter February 2010 Edition

As every month, VC Cafe is re-posting the “Invest in Israel” Newsletter, published by the investment promotion center of Israel’s Ministry of Industry, Trade and Labor, which offers many helpful tools for prospecting investors. For previous editions, click here.

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.

Bitesize Sunday: Israeli startup headlines March 8

When sharing your life on social media becomes a bit much – an Israeli soldier revealed security sensitive information and cancelled a planned raid. Perfecto Mobile Handset Cloud service now on Sony Ericsson – According to Forrester Research, testing is the fastest growing segment of the applications outsourcing industry. Israeli start up Perfecto Mobile is well-positioned …

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