Category Archives: Carmel Ventures

Getting closer to the action: Sillicon Valley Bank (SVB) opens its branch in Israel

I loved reading this headline: “SVB FINANCIAL GROUP OPENS ITS DOORS IN ISRAEL”. I first heard about Silicon Valley Bank’s intention to open an Israeli branch from Michael Moretti back in 2006. We met at the Israel/US Venture Summit and talked about all the great activity and innovation coming out of Israel. What was then …

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Testing is important: Optimal Test raises $16M in second round

Israel-based startup Optimal Test has raised $16 million in a second round of financing led by Evergreen Venture Partners as well as former investors – Carmel Ventures and Pitango. The round brings to $30 million the total VC funds raised by the company. Optimal Test develops a test suite for maximizing IC yields through managed …

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Daylight Savings: XJet first round, Octavian second round, Petrobras Shopping, Jordan Valley Semiconductors and Q3 Summary

Catching up with some of the recent deals in the industry. Below is a short recap of what’s been getting money these days: 1. Octavian Inc, a leading provider of Separately Managed Account (SMA) solutions in the Wealth and Investment Management (WIM) industry, announced the completion of a $10 million, second round of investment led …

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Winners of the best venture-backed competition

Last Month, Red Herring and the Israel Venture Association co-sponsored a competition in Israel, limited to early stage companies with revenues of up to $10 million in 2006 supported by venture funds associated with the IVA. Three Israeli startups received first prizes as the best young companies in their respective sectors. And the winners are: …

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