Tenaya Capital led a $12 million C round in Israeli start up Cotendo, joined by current investors Sequoia Capital and Benchmark Capital.
Tenaya Capital led a $12 million C round in Israeli start up Cotendo, joined by current investors Sequoia Capital and Benchmark Capital.
Israeli high tech firms have reached the lowest financial point in five years, says IVC Research in its latest press release. According to the Q1 2010 report, Israeli companies managed to raise $234 million from both Israeli and foreign venture capital funds. This represents a 15% drop from Q4 2009 and a 12% drop from …
Continue reading “12% Drop in VC Investments in Israel for Q1 2010”
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.
Israel-based SeekingAlpha, publisher of user-generated financial commentary has raised a B round of $7 million, led by DAG Ventures and joined by previous backers Benchmark (Michael Eisenberg) and Accel.
IBM is about to acquire Guardium for $225 Million, according to Haaretz. Guardium provides software solutions for database activity monitoring, security, and auditing. This is the largest high-tech Israeli exit in 2009 and a great achievement for Guardium’s investors, who will be getting 10x returns on their bets.
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.
08 Israeli high tech companies raised a total of $303 million in Q3, according to the latest report conducted by the IVC Research Center.
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 …
Continue reading “Exclusive: Kampyle Raises Round from Carmel Ventures”
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