Zon networks, an enigmatic startup led by the former CEO of Jungo, raised a $7 million round from DFJ with no product in 2008. Two years later, there is still little known about the company apart from their new name, Hola!
Zon networks, an enigmatic startup led by the former CEO of Jungo, raised a $7 million round from DFJ with no product in 2008. Two years later, there is still little known about the company apart from their new name, Hola!
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 …
Continue reading “IVC: Investment dollars in Seed Israeli start ups down 28%”
Ofer Vilenski & Derry Shribman, the two entrepreneurs who previously sold Jungo to NDS Group for $108 million in 2006 go at it again. Founded only 6 months ago, Zon networks (temporary name) prefers to completely fly under the radar even after announcing the $7 million round led by Draper Fischer Jurvetson (original backer of Hotmail and Skype), Israeli VC funds Tamir Fishman Venture Capital …
Continue reading “DFJ Invests $7 Million in Stealth Startup Zon networks”