Israeli Startup Picapp Merges with YBrant Media

Ybrant Media, an large Indian Media portfolio of companies, has acquired Israeli startup PicApp for an undisclosed amount. This is Ybrant Media’s second acquisition in Israel. The company has previously bought Advertising startup Oridian in 2007.

Most Active VC Funds in Israel 2010

With six first investment deals Evergreen Venture Partners was the most active VC fund in Israel in 2010, according to the latest IVC Research Center report. The second place was shared by Battery Ventures Israel and Pontifax, with five investments each.

The Gifts Project Announces New Investor and a Partnership with eBay on Social Shopping

The Gifts Project, a social commerce platform, has been making quite a few headlines recently. The company raised $1 million in seed from Gemini and a few days later, European VC Index Ventures was mysteriously added to its investors page. The terms of the additional funding were not disclosed. Today, the Gifts Project announced a partnership with eBay, in which the e-commerce giant will host the Gift Project’s ‘white label’ application, which enables users to set up their own Group Gift pages on eBay

Report: Only 3% of Israeli VC Investments Go to Seed

joint report by IVC Israel and KPMG, summarizes 2010 in Israeli venture capital. Israeli high-tech capital raising in 2010 reached $1.26 billion, 13 percent above 2009 level but the Israeli VC Fund investment share continues to decline.

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