StoreDot Raises $32M In Latest Fund Raising Round

October 2, 2014 | StoreDot announced that it raised $32 million in the company’s latest investment round led by Singulariteam, a private investment company led by Moshe Hogeg the founder of Mobli. In addition, Roman Abramovich invested $10 million through his private asset management company Millhouse LLC. This puts the company’s total funds raised at $48 million to date. According to the company, which has produced novel technology to naturally charge smartphones in under 30 seconds, the funds will be used to continue in the development of the product and hire more staff at their Ramat Gan office. StoreDot was founded by CEO Doron Myersdorf, CTO Prof. Simon Litsyn and Chief Scientist Prof. Gil Rosenman.