Tikal Networks To Raise $7.7M In AIM IPO

February 22, 2015 | The Israeli IP and call center designer, Tikal Networks hopes to raise £5 million (approx. $7.7 million) on London’s AIM stock exchange, according to reports. “The Independent” reports that the company hopes to raise £5 million at a company valuation of £16 million, after money. The offering is being handled by Grant Thornton. Tikal Networks’ founder, Doron Dovrat, was the first Israeli to float a company on London’s Alternative Investment Market (AIM), his then-venture called Dmatek, which was later sold to venture capitalists for £53 million in 2008. Tikal Networks was founded in 2004 and serves 45 major companies has well as 20,000 individuals, on average.