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
Jerusalem Venture Partners successfully raised $25 million for an annex fund to strengthen the portfolio companies in the Israel-focused JVP IV which closed in 2001. The aim of the fund is to support existing investments by "enhancing their business propositions" and preventing premature sales in a downturn.
Tradonomi, the parent company behind eToro has completed a $2.4 million round led by new investor Social Leverage, with participation of previous backers BRM Capital and Cubit Investments.
Play4Skill, a relatively unknown Israeli startup, has raised an second round of $400,000 from from Israeli advertising agency Adler Chomsky. P4S develops multi-player skill games, primarily focused on 3D life-like Domino games.
Pudding Media, an Israeli mobile advertising startup, faces imminent shut down. According to Calcalist,Pudding Media let go 25 employees this morning and announced it will cease its operations in Israel. The company's assets will be put on sale as the company only retained five employees for maintenance reasons
Interesting addition from the Wibiya team came through my inbox today. Wibiya , the customizable web toolbar for publishers added a monetization widget through affiliate links provided by Kehalim, a contextual affiliate platform based in Israel.
When I first covered Israeli startup Tvinci in 2008, I was very impressed with their innovative video player and their newly forged partnership with MTV Networks. Two years went by with a relatively low profile, but now Tvinci took a pivotal turn towards becoming a platform for paid OTT (over-the-top) videos.
Tenaya Capital led a $12 million C round in Israeli start up Cotendo, joined by current investors Sequoia Capital and Benchmark Capital.
Tel Aviv-based Wibiya, which offers a free customizable tool bar to web publishers, is intent on bringing together all value-adding services to help publishers improve the user experience on offer.
oogle announced the acquisition of LabPixies, developer of widgets and games for social and mobile applications including Facebook, iGoogle, iPhone, Android and more. LabPixies drives over a billion monthly page views and makes some of the most popular gadgets on iGoogle and the Android platform.
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