Israeli startups are now aquiring each other. In 2010, I wrote about Israeli startup Afterdownload on VC Cafe, and was really impressed with what I saw. Today, Carmel Ventures shared the news that AfterDownload was sold to IronForge, its Israeli partner, for $28 million.
Exclusive: AfterDownload, The Israeli Ad Network that Serves 15 Million Ads Daily [Interview]
I found a hidden gem in Israel. A little startups that with less than 10 people and no VC funding was able to bootstrap its own ad server and 15 million daily ad impressions. The startup is AfterDownload, an eight month old advertising network based in Israel.