Twiggle Reportedly Gets $5M From Alibaba

May 31, 2016 | Israel-based Twiggle announced they have secured a significant investment from e-commerce giant Alibaba. While the exact amount of the deal has not been disclosed, the investment is believed to be in the $5 million range. Twiggle already raised $2.2 million in their seed round followed by $12.5 million from strategic investor Naspers, along with State of Mind Ventures and Sir Ronald Cohen, bringing their total funding to date to over $20 million. Co-founded in 2013 by CEO Dr. Amir Konigsberg, previously one of the members of Google’s emerging markets operations and former managing director of MySupermarket.com, and Dr. Adi Avidor, a former engineering tech lead at Google, Twiggle’s groundbreaking technology works with e-commerce giants to make the online shopping experience more natural, allowing consumers to describe what they are looking for in real human language and receive results that are relevant.