Israeli GSM Startup Meucci Raises $6M from Singulariteam, Chinese Investors
April 14, 2016 | Israeli startup Meucci, an app that provides free GSM group calling, is announcing its public launch and that it has raised $6 million in seed round funding. The app allows users to make free group GSM and VoIP to GSM calls. Participants in the round include Moshe Hogeg’s Singulariteam (backed by Tencent and Renren), Dragon Ventures (China), Xu Li (China), and serial entrepreneur Alon Carmel (Co-Founder of JDate and Christian Mingle). Meucci aims to bring the same simple experience that users know from group chat apps, like WhatsApp, to the process of group calling. Relying on GSM, users can enjoy the app while on the go without having to find a Wi-Fi hotspot. The company will put the $6 million it has acquired in funding towards developing other new features and reaching emerging markets that struggle with few communication options. Founded in 2011 by CEO Rubi Kizner, COO Yubal Cnaan, CTO Arnon Ayal, and investor Alon Carmel, the Meucci team started work on their product in 2014.