Category Archives: Pitango

Nickels and Dimes in Israeli Venture Capital

The Israeli venture capital industry has experienced a $250 million decline in the past few months. Israeli venture capital funds have struggled to raise the target capital and the impact is likely to be felt on emerging technology companies in Israel.

Pitango, Giza and Cedar Lose in this deal: Marvell Buys Iamba for $10 Million

iamba, an Israeli startup that develops optical communication systems for VOIP and IPTV, was sold to Marvell for $10 million. iamba had received $25 million in four rounds of venture backing from Cedar, Giza and Pitango and it has recently laid off most of its employees in Israel. See coverage of iamba’s latest round in …

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VMWare Snatches B-Hive, Opens R&D Center in Israel

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 …

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12 Israeli Startups To Compete At The IVA Finals

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 …

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Investors Believe In Iamba Networks, Add $7 Million Investment

Iamba networks has secured a $7 million round from previous investors Pitango Venture Capital, Cedar Fund, Giza Venture Fund and UK-based Kreos Capital. The company develops chips for telecommunications, specifically Gigabit Passive Optical Networking (GPON), a technology that aims to replace DSL. I admittedly don’t know too much about this technology, so I did some …

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Enterprise 2.0: Worklight Scores $12 Million in Series B

Pitango, Israel’s largest VC injected $12 million into Worklight, the enterprise 2.0 Israeli startup.  Pitango was joined by previous investors Genesis Partners, Index Ventures and Shlomo Kramer, a world renowned security expert and Imperva CEO. Worklight develops and markets a line of server products that consumerize the orporate computing experience by making popular consumer services …

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The Golden Age? Israeli Startups Experience Funding Streak (Part I)

Since I started following the Israeli market in 2005, it’s not often that I’ve seen so many Israeli startups raise money in such a short period of time. Capital raising is seen across the board in Telecommunications, Cleantech, Internet, Consumer Electronics and Biotech in the last couple of weeks. Is this the Golden Age of …

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Genesis Partners Set Out to Raise $150 Million – Will they make it?

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 …

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If It Ain’t Broken, Don’t Fix It: FixYa Raises $6M

Another Israel/California based startup makes the headlines: Fixya, a site dedicated to help customers troubleshoot electronic devices, has just announced a series B funding of $6 million led by Mayfield Fund, and Pitango Venture Capital. FixYa is a user generated customer service platform, enabling visitors to search for answers about their product-related questions. The FixYa …

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Brazilian Optics Giant Buys Israel’s Civcom for $40M

Not only Microsoft is buying up Israeli start-ups. Brazilian optical network solutions giant Padtec has paid $30-40 million for Civcom, an Israeli pioneer in the development and manufacturing of cost saving optical solutions for communications, test and measurement, and military applications. The move comes on a wave of rapid expansion for Padtec as it seeks …

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