Israeli startup Wix Raises $40 Million, Wants to Become a Large Company in Israel Israeli startup

Wix, the Israel-based flash website platform, has announced a D round of $40 million. The new investors in the round are Insight Venture Partners and DAG ventures who joined previous investors Benchmark Capital, Bessemer Venture Partners and Mangrove Capital Partners that also participated in the round. Continue Reading

60 Second Interview with TokBox’s CEO on Pivoting Your Startup Business Model

Open Tok logo tokbox

Tokbox raised $12 million after going through a significant pivot. The company essentially stopped developing its consumer facing product, and instead focused on Open Tok, its video chat API, as its core business. We had a chance to conduct a short interview with Ian Small, CEO of TokBox to find out the pivot decision was made. Continue Reading