The latest IVC report shows that Israeli VC funds were able to raise only $229 million in 2009, a staggering 72% less than $803 million raised in 2008 and the third lowest amount raised per annum in the last decade.
Data protection software startup Axxana has secured a $9 million Series B investment led by Carmel Ventures. The investment proceeds will be used to help accelerate greater adoption of Axxana’s Phoenix System.
CopperGate, the Fabless Semiconductor start up founded in 2000, was sold to Sigma Designs for $160 million in stock and cash. While this is one of the largest exits in Israel in recent months, critics say that it is yet another example of why high-tech companies can’t become large in Israel.
Feedback analytics start up Kampyle has raised an undisclosed round from Carmel Ventures. Founded in 2007 by Ariel Finkelstein, Ilan Steiner and Eran Sabir, Kampyle has developed a SaaS platform enabling webmasters to manage user feedback. As featured on VC Cafe, Kampyle’s flagship product, Kampyle for websites is especially popular with eCommerce sites. Apart from …
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The capital available for investment now reaches $1 Billion, of which $400 million is intended for first investments in high-tech companies and the remainder reserved for follow-on investments. Forecasts for 2009 are pretty grim – IVC estimates only $300 million to be raised this year
Now the company has announced its acquistion by… Sears Holdings. The price of the acquisition was not disclosed, but chances are that this is not a ‘happy exit’ for Delver’s investors, mainly Carmel Ventures who invested $4 million in Delver. The company struggled to raise 6 million NIS in recent months.
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.
According to IVC Research, 28% of the venture capital investments were made in seed stage companies in 2008, compared to 43% in 2007. More than 30% of the vc funds in Israel made no investments in seed companies in 2008. Greylock Israel was 2008’s most active fund ranking with nine First investments followed by Vertex with …
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The word Optimization has been abused in the past couple of years: it can be applied to speed, scalability, SEM and revenue. The latter is where Israeli startup Amadesa Inc excels, describing itself as “provider of website revenue optimization and personalization solutions, delivered over the internet as a service. Carmel Ventures sees the potential and …
Continue reading “Site Optimization Startup Amadesa Raises $5.4 Million in First Round”
Israel’s Catalyst Investment, along with Carmel Ventures and Pitango Venture Capital have invested $4.25M in Boston-based Proficiency, a “leading developer of solutions that enable manufacturers and their suppliers to extract and share product knowledge from diverse engineering and manufacturing environments.” According to Yair Shamir, CEO of Catalyst, “Proficieny has revolutionized the way people view their …
Continue reading “Israeli VC’s Invest $4.25M in US Based Proficiency”
