Israeli venture capital firm Pitango has announced that it has raised $150 million first closing for its sixth fund, Pitango VI. The key to the announcement, made on Sunday, was the commitment made by a main investor, which allows the company to pursue its aim of raising an overall fund of $250 million.
myThings , an Israeli online advertising technology company, has raised $8.4 million in a financing round led by Viola Private Equity Fund, the fund announced today. myThings, founded in 2005, is a startup that helps increase revenue for advertisers online by providing personalized display advertising, individualized and in real time. To date, the company raised $37 million and has 100 employees, 65 of which are in Israel.
Dragonplay, an Israeli social and mobile game startup, announced today that it has raised $14 million in a first round of funding from the global venture capital firm Accel Partners, alongside Entrée Capital and Founder Collective. The Tel Aviv-based company specializes in multi-platform social game experiences in the cards, casino and board game category, which run on social networks and mobile platforms. The company will use the investment to expand its existing portfolio of games on Android and Facebook, launch on new platforms including iOS and grow its team.
Israeli water data startup TaKaDu has raised $6 million from investors: half from ABB Technology Ventures and another $3 million from its current investors, Emerald Technology Ventures, Gemini Israel Funds and Giza Venture Capital. TaKaDu provides water utilities a solution that detects, alerts and provides real-time insight on leaks, bursts and zone breaches.
StartApp, an Israeli startup that helps developers monetize Android apps, has secured $4.3 million in a funding round led by Ascent Venture Partners, with participation by Cedar Fund, the company’s seed investor. The company, founded in December 2010 by Gil Dudkiewicz and Ran Avidan, will use the funding to expand its technology. StartApp provides Android owners with additional search options and browser bookmarks, after installing apps that have integrated the startup’s solution. The revenue generated from these searches allows the company to offer developers a unique pay-per-download program.
Foreign investments funds accounted for 52% of first investments in Israeli or Israeli-affiliated companies in 2011, according to Israel Venture Capital (IVC) Research Center. In 2010, foreign investors accounted for only 31% of Israel’s high-tech investments. The research center also found that In 2011, foreign investors made 21 seed-stage deals – approximately 40% of all high tech investments – compared with only four seed-stage deals in 2010. Foreign VC fund Innovation Endeavors was the most active fund in Israel during 2011, with eight first technology investments.
Mobile website developer DudaMobile has raised $6 million from Pitango Venture Capital. According to the company, the investment will be used to expand its R&D and marketing. DudaMobile, founded in 2009, adapts websites for smartphones – mainly for small and mid-sized businesses that work with websites rather than mobile applications. The company is headquartered in Silicon Valley and has a development center in Tel Aviv, Israel, with 15 employees.
CTERA Networks, the provider of cloud storage enablement solutions, announced it has secured an undisclosed investment in its recent round of founding, led by the venture capital firm Venrock. Israeli media reported that the investment is believed to be in the vicinity of $15 million. According to the company, the funding included a strategic investment from Cisco and participation of existing investor Benchmark Capital. CTERA is headquartered in Petah Tikva, Israel, and has offices in Palo Alto, California.
myThings , an Israeli online advertising technology company, has raised $15 million in a financing round, led by new venture capital fund formed by France Telecom-Orange and advertising firm Publicis. The investment includes existing investors Carmel Ventures, Accel Partners and T-Venture, the investment arm of Deutsche Telekom. myThings, founded in 2005, is a startup that helps increase revenue for advertisers online by providing personalized display advertising, individualized and in real time.
Sony Corporation is actively seeking to invest hundreds of millions of dollars in Israeli medical technologies, according to a report in Israeli website Globes. The report says that the company has established a team to review the Israeli market, in order to seek out companies for investment or acquisition. The team has reportedly held meetings with Israeli venture capital funds and companies.
Kenneth Chelini is discussing.
Kenneth Chelini 8:59 pm on June 15, 2012 Permalink |
I am Interested in the new cancer research and all the research going on in Israel. I am a venture capitalist., willing to invest on new cures or technology.