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 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.
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.
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.
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.
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.
In the newly published report "Social CRM: The New Rules of Relationship Management", Jeremiah Owyang and the Altimeter Group advocate tha companies should take an organized approach using enterprise software that connects business units to the social web
For AppleTV users, there hasn't been an easy way to get Boxee's Beta loaded since Boxee released it publicly at CES this year. Now users teamed up to get the software media center back on the popular gadget.
Currensee, a social network for Foreign Exchange (Forex) traders, announced a series B of $8 million led by North Bridge Venture Partners and new investor, Egan Managed Capital. The company has raised $12 million to date
Motorola Buys BitBand, Greenroad Gets $10 million from Al Gore and Sir Richard Branson to make roads safer, NTT Docomo wants TuneWiki to power Karaoke on Japan's Mobiles
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