Big day for Israeli start ups today as two companies announce funding from unexpected sources. No VC money? no problem! Modu Mobile, Dov Moran’s mobile company aiming to create the world’s smallest cell phone, gets an oxygen injection today with the announcement of a $7 Million dollar round from chip manufacturer Qualcomm. The strategic agreement …
Continue reading “Bitesize Monday: Modu and Ginger Get Funding”
Israeli start up Intercast Networks is about to be sold for $7.2 -$10 million (estimates vary according to Israeli media outlets), to an undisclosed client, marking a significantly lower exit compared to what was invested in the company. The main losers are Gemini and Genesis. Founded by prof Yechiam Yemini, a CS professor in Columbia …
Canaan Partners led the $20.4 million funding round of Israeli startup Prime Sense Inc. Gemini Israel Funds and Genesis Partners, prior investors in PrimeSense, also participated in this second round. I first wrote about PrimeSense on VC Cafe when they presented at CES this January. PrimeSense is in fact a gaming company, creating technology that …
Continue reading “Gaming Chips: PrimeSense Closes $20M in Round B”
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?”
Microsoft likes the flavor of Falafel – that’s one explanation for its second acquisition of an Israeli startup in two weeks. Following the sweet exit of YaData, MSFT goes at it again and this time it’s Kidaro’s turn, an Israeli developer of desktop virtualization software for enterprises. The sum of the acquisition was undisclosed, but …
Continue reading “VM Ware, Behind You: MSFT Buys Israeli Virtualization Startup Kidaro”
Genesis Partners, an Israel-based fund focusing on seed stage investments, was the sole investor in a $3 million funding round of Innovid Media, developer of an innovative interactive video advertising platform. Following the investment, Genesis partner Jonny Saacks will join Innovid’s board. Jeff Pulver, known as the VOIP expert and organizer of the VON conference, was a seed investor in …
Continue reading “Just In: Innovid Media Raises $3M For In-Video Product Placement”
2008 is almost upon us and the deal flow doesn’t seem to slow down for the holidays. I can hardly keep up with the headlines, so here’s a short recap of the latest business news in the Israeli start up and vc industry. Israeli Cleantech News New Israeli fund raises $100 million for Cleantech VC …
