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  • mayay 5:39 pm on July 15, 2014 Permalink
    Tags: , equity, investment, , jon medved, , , , ,   

    OurCrowd Raises $60M In Equity For 46 Companies In 16 Months 

    OurCrowd Raises $25M In Series B FundingJuly 15, 2014 | OurCrowd, the Israeli venture capital crowdfunding platform, announced that it has raised $60 million in equity for 46 companies since its founding. Twenty of those companies raised more than $1 million each in investments, and four companies raised well over $3 million using the OurCrowd platform. OurCrowd’s roster of supported companies includes ReWalk, Consumer Physics (the creators of SCiO), BioCatch and Abe’s Market. CEO of OurCrowd Jon Medved stated, “We are proud to have raised these amounts in just 16 months since launching. These numbers demonstrate that our model works and can be effectively used for major funding rounds. The fact that OurCrowd has deployed more money for our companies than our Silicon Valley competitors proves that we are indeed at the forefront of equity crowdfunding innovation.” OurCrowd is a hybrid VC-equity crowdfunding platform for accredited investors who wish to invest in Israel and global early stage companies.

     
  • mayay 12:25 pm on July 8, 2014 Permalink
    Tags: bayer healthcare, , , , immunotherapy, investment, ,   

    Compugen Receives First $1.2 Milestone Payment From Bayer HealthCare 

    Compugen Signs $500M Agreement With BayerJuly 8, 2014 | After signing a $500 million agreement with pharmaceutical company Bayer HealthCare last year, Compugen announced that it received its first payment of $1.2 million for reaching a cancer immunotherapy milestone. The $1.2 million is only a fraction of the nearly $30 million in milestone payments that Comupgen is set to receive from Bayer. The collaboration between Compugen and Bayer is aimed at developing and commercializing therapeutic antibodies originally discovered by Compugen.

    Compugen was founded in 1993 by Eli Mintz, Simchon Faigler, and Amir Natan as a drug discovery company, but also engages in the development and marketing of bioinformatics software platforms.

     
  • mayay 11:58 am on July 8, 2014 Permalink
    Tags: , , , investment, israel-america, projects,   

    BIRD Foundation Invests $9M In 11 New Israeli-American Cooperative Projects 

    BIRD1July 8, 2014 | The Israel-US Binational Industrial R&D Foundation (BIRD) announced that it will invest up to $9 million in 11 new projects in the areas of 3D printing, agro-technology, information security, and homeland security, among others. During a meeting of the BIRD Board of Governors $8.9 million in funding was approved for 11 new cooperative projects between American and Israeli companies. The companies will also be able to receive private sector funding, putting the total value of all of the projects at about $25 million. Some of the cooperative projects include those between ColorChip, based in Yokne’am, and Gigoptix, based in San Jose, as well as between Genome Compiler and Amyris, Stratasys and Graphene Technologies. The BIRD Foundation looks to promote collaboration between Israeli and American companies in various technological fields for the purpose of joint product development.

     
  • mayay 12:32 pm on June 30, 2014 Permalink | Reply
    Tags: chronic diseases, endoscopic, , , investment,   

    Price Of Medigus Shares Jump Following $11M Investment 

    Diagnostic Tools Company Medigus Raises $8MJune 30, 2014 | Medigus announced the signing of a private equity placement agreement for $11.1 million, including shares and warrants. Half of the amount was raised by Migdal Insurance and Financial Holdings, and the rest by US institutional investors like Sabby Management, Armistice Capital, Senvest as well as returning investor Orbimed. Following the announcement of the investment, Medigus’ shares jumped 12.5 percent, to NIS 51.40 a pop. The proceeds from the investment spike will be used as working capital and for general management. Medigus has developed minimally invasive endoscopic devices for the treatment of GERD, one of the most common chronic diseases in the western world.

     
  • mayay 12:57 pm on June 24, 2014 Permalink | Reply
    Tags: audio, hearmeout, investment, social app, sound recording,   

    Audio Status Social Network HearMeOut Raises $500K 

    hearmeoutJune 24, 2014 | The Israeli audio status social network HearMeOut reported that it raised $500,000 in private investments. The social network hopes to use the new funds to expand its service internationally, to the United States in particular. HearMeOut allows its users to record 42 second statuses, similar to tweets or short Facebook statuses, for all their friends and followers to hear. The application was launched for iOS three months ago and is anticipated to launch on Google Play soon.

     
  • mayay 12:26 pm on June 19, 2014 Permalink | Reply
    Tags: , investment, lexifone, , phone calls,   

    Lexifone Call Translation Service Raises $2M 

    lexifoneJune 19, 2014 | The automated phone conversation translator Lexifone announced that it raised $2 million from a New York State owned fund, Israel’s Office of the Chief Scientist and private investors. According to a “Globes” report, the Office of the Chief Scientist granted the company NIS 3.5 million for the development of their translation product. Lexifone’s technology allows two people speaking different languages to have a phone conversation, directly translating the conversation into the user’s language of choice. The service is able to translate to English, Spanish, Portuguese, German, French, Italian, Russian and Hebrew. The company was founded in 2010 by CEO Ike Sagie.

     
  • mayay 12:18 pm on June 19, 2014 Permalink | Reply
    Tags: , , , investment,   

    Zerto Disaster Recovery Company Raises $26M 

    Cloud-Based Disaster Recovery Company Zerto Raises $13MJune 19, 2014 | The Israeli disaster recovery company Zerto raised $26 million in series D financing, “Globes” reports. The latest financing round was led by Harmony Partners that was joined by investors Battery Ventures, Greylock Partners, RTP Ventures and US Venture Partners. The company hopes to use the funds to develop its new Cloud Fabric initiative that allows for workload mobility in hybrid clouds and to maintain its independence. Since Zerto was founded in 2009 by CEO Ziv Kedem, it has raised over $60 million including the current financing round, and has opened offices in Herzliya Pituach, Boston, Reading, UK and Australia.

     
  • mayay 12:13 pm on June 12, 2014 Permalink | Reply
    Tags: 2M, , , , investment, team,   

    Zula Team Communications App Raises $3M In Latest Financing Round 

    Zula Raises $350,000 On OurCrowdJune 12, 2014 | Israeli communications application Zula announced Wednesday (yesterday) that it raised $3 million in its current financing round led by Morton Meyerson of 2M Companies. The new batch of funding is added on to the $1.1 million that the company raised in seed funding from investors like OurCrowd, Gigi Levy-Weiss and Oded Vardi, just to name a few. Founded in 2010 by Jeff Pulver and Jacod Ner-David, Zula provides mobile solutions for team communication and planning with features like file-sharing, group conference calls, team polling all under one roof.

     
  • mayay 4:24 pm on June 11, 2014 Permalink | Reply
    Tags: america, , , , investment, , , ,   

    Index Ventures Secures $550M In Funding For European, American And Israeli Startups 

    indexventuresJune 11, 2014 | The global venture capital firm Index Ventures raised a total of €400 million ($550 million) in funding for tech startups in Europe, the United States and Israel. The current round marks the seventh early-stage round for the 18 year-old company that has raised upwards from €3 billion ($4 billion) since it was founded. According to Index Ventures, they intend to focus on the “core hubs” of innovation, which include London, San Francisco, Berlin, New York, Stockholm, Tel Aviv and Paris. Just last year seven of Index Venture’s companies achieved billion dollar exits, which may explain why the company is looking to invest in the ‘fresh meat’ of the tech scene.

     
  • mayay 3:23 pm on June 11, 2014 Permalink | Reply
    Tags: , agtech, , , , , investment, , trendlines groups   

    Israeli Biomed And Agtech Incubator Trendlines Group Files For Toronto IPO 

    Trendlines To Open Incubator For Agritech Companies In ChinaJune 11, 2014 | The Israeli incubator Trendlines Group has issued a prospectus to file its first ever IPO on the Toronto Stock Exchange in Canada. According to reports, the offering will be led by Paradigm Capital, Euro Pacific Canada, Octagon Capital Corporation and M Partners and is set to be valued at tens of millions of dollars. The Trendlines Group, founded in 2007, is responsible for the establishment and development of 52 Israeli companies through the Misgav medical technology incubator (now Trendlines Medical) and Mofet B’Yehuda Accelerator (now Trendlines Agtech), investing between $500,000 to $5 million in its portfolio companies.

     
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