Globes reports about the possible grim future of Delver, if the company can’t solve its cash flow problems in the next 30 days. According to founder Liad Agmon Delver is up for sale and it is currently in contact with private investors. The company has taken about $4 million to date, from Israel’s Carmel Ventures. …
Continue reading “Sell or close: Delver’s Social Search has 30 days left”
SnapMyLife, a mobile photo-sharing community site, has announced a $5 million round of funding led by current investors North Bridge Venture Partners and Carmel Ventures. SnapMyLife launched in April, 2008 and has since grown to 1.5 million unique users a month, with over 500,000 registrations. There’s nothing earth shuttering about the product – it allows …
Continue reading “Carmel Ventures Puts $5 Million in SnapMylife”
IVC Online has recently released the Q3 quarterly survey on the state of the VC industry in Israel. Q3 2008 contributed $600 million to the capital raised by Israeli VCs, 45% above Q3/07 levels. These figures are not surprising, given that CalPERS, the $180 Billion sized California Public Employees’ Retirement System (), ranked Carmel Ventures …
Continue reading “2008 capital raising in Israel expected to reach an 8-year record high”
VMware (NYSE: VMW), the leading developer of virtualization solutions, has announced the acquisition of Israeli start-up B-hive Networks for an undisclosed sum. Industry experts estimate the price range at tens of millions. Following the merger in Q3 of 2008, VMWare plans to open an R&D center in Israel, based initially on B-Hive’s facilities and team …
Continue reading “VMWare Snatches B-Hive, Opens R&D Center in Israel”
Israeli startup Oversi officially presented OverCache MSP, a platform aimed to help Internet service providers manage and monetize over-the-top (OTT) video, ultimately improving the speed in which end users consume video.
On May 19-20, Globes, DEMO and Red Herring will be holding a startup competition at the Israel Venture Association (IVA) conference. Each startup will have six minutes to present and the winner will receive automatic entry as a finalist at Demo Germany, a profile on Red Herring Magazine and the Israeli media. This is the …
Continue reading “12 Israeli Startups To Compete At The IVA Finals”
Globes reports that Genesis partners is getting ready to raise a fourth fund of $150 million in addition to its $518 million under management. I wonder how the timing will affect their level of success. There’s a saying in Heberew: an Optimist is a Pesimist with no prior experience. On one hand, Genesis recently marked …
Continue reading “Genesis Partners Set Out to Raise $150 Million – Will they make it?”
