Invest in Israel Newsletter – June 2012 Edition

Invest in Israel Newsletter – June 2012 Edition. This month’s trend continues to be acquisitions of Israeli firms by large US corporates. Lots of returns are being made these days, but the latest CalPers report shows dissapointing returns by Israeli VC firms, with an IRR of 3.5%-3.8% to JVP and Carmel, the highest performing funds. Continue Reading

Top 11 Startups in Tel Aviv (and Other European Cities) by Wired Magazine

Top startups in Europe according to Wired magazine

Wired magazine published a great spread on its print version, covering Europe’s hottest startup capitals, including Stockholm, Tel Aviv, Moscow, Paris, Berlin, Amsterdam and Barcelona, ranking the hottest startups in each of the cities (link to the pdf version after the jump). Continue Reading

Facebook Acquires Israel’s Snaptu For an Estimated $60-70 Million

Snaptu, the app store for feature phones

Facebook surprised with its first acquisition in Israel today, with the announcement that it is buying Israeli startup Snaptu (previously known as Moblica) for an estimated $60-70 million. Founded in 2007 by Ron Makavy, Micha Berdichevsky, and Barak Naveh, Snaptu raised a total of $9 million in three rounds Continue Reading