Huge Round for Waze, Raises $25 Million for Social GPS

Israeli startup Waze, developer of the free social GPS app for smart phones, has announced a $25 million venture round to scale operations, continue building its platform for real-time location data and move its headquarters from Israel to Palo Alto, California according to the company blog, By The Waze.

Invest in Israel Newsletter June 2010 Edition

As every month, VC Cafe is re-posting the “Invest in Israel” Newsletter, published by the investment promotion center of Israel’s Ministry of Industry, Trade and Labor. The investment promotion center works closely with potential and current investors before, during and after investment, and serves as a resource for investment related information about Israel. For previous editions of the …

First Bitesize of 2010

Information overload! That’s the only way to explain the “January Effect” of tech and VC news since the new decade began a week ago. Here’s a few links worth clicking on: Microsoft’s research and development center in Israel is set to hire dozens of new employees SAPIR extends the power of web searches beyond centralized …

IVC: Investment dollars in Seed Israeli start ups down 28%

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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