March 11, 2014 | Israeli company Immune Pharmaceuticals, which develops treatments for inflammatory disease, has raised $11.7 million on Nasdaq. The funds were raised in a private offering held by the company.
News Briefs
March 11, 2014
Immune Pharmaceuticals Raises $11.7M On Private Offering
March 11, 2014
Advanced Mem-Tech Raises $4.6M
March 11, 2014 | Israeli company Advanced Mem-Tech, which develops water purification technology has announced that it has raised NIS 16 million ($4.6 million). The funds were raised from french company Groupe SEB SA and other private investors. Advanced Mem-Tech is a graduate of TrendLine Group’s Agtech incubator.
March 11, 2014
SafeCharge To Raise $100M On London’s AIM
March 11, 2014 | Israeli-owned company SafeCharge, which develops payment technologies for online merchants and gambling, is planning an IPO on London’s Alternative Investment Market (AIM). SafeCharge is planning to raise $100 million, which will go mostly towards the acquisition of companies in the same field.
March 10, 2014
New Micro-Fund Accelerant Ventures To Invest $1M In Israeli Startups
March 10, 2014 | Accelerant Ventures has set up a fund aimed at helping Israeli startups access the American market. The fund, which will invest up to $1 million in total, will assist early-stage Israeli companies seeking to do their business in New York.
March 10, 2014
XL Media To Hold $40M IPO On London’s AIM
March 10, 2014 | Israeli gaming marketing company XL Media is planning to hold an IPO on London’s Alternative Investment Market (AIM) in two weeks. The company will attempt to raise $40 million at a company value of $100 million.
March 10, 2014
Auto Image Tagging Company Cortica Raises $20M
March 10, 2014 | Israeli company Cortica, which develops smart image recognition technology, has announced a $20 million investment from a strategic Asian investor. The company, which developed an algorithm for automatic tagging of photos and videos, will use the proceeds to expand its operations and hire more personnel.
March 10, 2014
Biophrama Company XTL Files For $40M Offering On Nasdaq
March 10, 2014 | Israeli company XTL Biopharmaceuticals, which is focused on developing a treatment for lupus, has filed with the US Securities and Exchange Commission (SEC) to hold a public offering on Nasdaq in an attempt to raise $40 million. The proceeds will be directed towards various clinical trials the company is planning.
March 10, 2014
Samba.me Wins Best Social App At SXSW
March 10, 2014 | Israeli startup Samba.me, which developed a reactive video messaging app, has won best social app at the Accelerator Awards which took place at the SXSW conference. The conference is an annual music, film and interactive event, which takes place in Austin, Texas.
March 09, 2014
Payoneer Raises $25M In Series D Financing
March 9, 2014 | Israeli online payment company Payoneer has announced the closing of a Series D financing round, raising $25 million. The round was led by Susquehanna Growth Equity. This financing round comes in contrast with reports of a planned IPO by the company.
March 09, 2014
Noam Bardin Is 4th Most Influential Person In Silicon Valley
March 9, 2014 | Israeli Noam Bardin, formerly CEO of Waze and now a top executive at Google (following the former’s acquisition by the latter), has been ranked 4th on Business Insider’s Silicon Valley 100 list. Bardin was ranked higher than Entrepreneur Elon Musk (5th), Apple CEO Tim Cook (8th) and Facebook CEO Mark Zuckerberg (10th). Ranked first on the list are WhatsApp founders Brian Acton and Jan Koum.
March 09, 2014
Investors From 16 Countries To Visit Tel Aviv And Meet New Startups
March 9, 2014 | Axis Innovation, a global network helping startups intersect with international investors, will be holding Axis Tel Aviv, the premiere event connecting promising Israeli startups to leading international investors this month in Tel Aviv. Axis Tel Aviv delivers a unique opportunity for global investors to get up close and personal with exciting companies from Israel’s startup ecosystem whose technologies disrupt the status quo in a wide variety of tech sectors.
March 09, 2014
AppsFlyer Raises $7.1M
March 9, 2014 | Israeli startup AppsFlyer, which develops tools for app developers analyzing and optimizing customer interaction, has raised $7.1 million. The funds were raised from Pitango Venture Capital and Magma Venture Partners.
March 09, 2014
BiolineRX Raises $24M On Secondary Nasdaq Offering
March 9, 2014 | Israeli biomed company BiolineRX held a secondary public offering on Nasdaq. The offering is considered a success, as the company surpassed its goal of $21 million, raising $24 million. The company said that it will use the proceeds for clinical trials of its leukemia and celiac disease treatments.
March 09, 2014
Roojoom Raises $600,000 In Seed Financing
March 9, 2014 | Israeli startup Roojoom, which developed a platform for visual presentation of information, has announced the closing of a successful seed financing round. Roojoom raised $600,000 in a round led by 2B Angels.
March 09, 2014
Israel Signs MoU With California For Mutual R&D
March 9, 2014 | Israeli Prime Minister Benjamin Netanyahu has signed a Memorandum of Understanding (MoU) with California Governor Jerry Brown, for joint research and development. The agreement focuses on a collaboration between academic and research institutes on both sides in the fields of water technologies, energy, storage technologies and cyber security.
Photo: Crossed Flag Pins
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