Enigmatic Zon Networks Renames as Hola! – Best Kept Secret in Israel?

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!

Walden Israel Closes Shop

Walden Israel, one of Israel’s oldest venture capital funds, is closing its doors after failing to raise sufficient capital for its follow-on fund. Walden is following several Israeli Venture Capital Funds who failed to raised follow-on commitments and subsequently decided to close doors:Concord Ventures, Delta Ventures, Israel Seed Partners, and Star Ventures. According to its …

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