Israeli company SphereUp Ltd., which offers an online doctor search engine, is in the process of raising $4.5 million. SphereUp says that it will use the funds for R&D, sales and marketing and opening a representative office in Silicon Valley.
News Briefs
March 14, 2013
SphereUp Wants To Raise $4.5M
March 13, 2013
BreifCam Raises $6.5M From Motorola Solutions
Motorola Solutions Venture Capital has announced that it is investing $6.5 million in Israeli company BriefCam, the developer and provider of Video Synopsis solutions for the rapid review, analysis and indexing of surveillance video. The funds will be used to expand BriefCam’s worldwide marketing and sales activities.
March 13, 2013
Insurance Software Company Sapiens To Raise $40M On Nasdaq
Israeli corporation Sapiens, which develops software for the insurance industry, is planning a Nasdaq IPO to raise $40 million. Globes reports that the company filed a registration statement with the American Securities and Exchange Commission (SEC) on Monday.
March 13, 2013
Pyramid Analytics Raises $11.5M From Sequoia Capital
Sequoia Capital, one of the most prominent VCs in the US, is investing $11.5 million in Israeli startup Pyramid Analytics, as reported by Calcalist. The investment is a first for the Israeli startup, founded in 2009, and has been operating using funds invested by the founders.
March 12, 2013
BGU And University Of Michigan To Invest $1M In Renewable Energy Development
The University of Michigan and Ben-Gurion University of the Negev will forge a research partnership to collaborate on developing renewable technologies. Each university has pledged half of the $1 million that will jumpstart the three-year program.
March 12, 2013
Israeli Trading Platform Nipendo Raises $8M
Israeli company Nipendo, which offers a cloud-based supplier trading solution, has announced that it has raised $8 million in a series B financing round. Chinese billionaire Li Ka-shing’s fund, Horizon Ventures, led the round with participation from Facebook, Spotify, Siri and Magma Venture Partners.
March 11, 2013
Content Recommendation Company Outbrain Acquires Visual Revenue
Outbrain, an Israeli content recom 
mendation company, has made its third acquisition in two year, acquiring Visual Revenue for an undisclosed amount. Visual Revenue offers editors real time recommendations for content optimization.
March 11, 2013
Israeli-Chinese Car Company Qoros Debuts New Sedan In Geneva
Qoros Auto Co Ltd., a joint Israeli and Chinese car manufacturer, has unveiled its first model at the Geneva Motor Show in Switzerland. China Daily reports that the sedan is the first in a series of new models aimed at discerning young buyers in China and Europe.
March 11, 2013
Social Big Data Monitoring Company Tracx Raises $3.5M
Israeli startup Tracx, which offers a variety of tools for social media tracking for brands, has raised $3.5 million in a series B financing round. The round was led by Flybridge Capital Partners, with participation from existing investors Revel Partners and Rutledge Partners.
March 07, 2013
Personal Data Security Company MyPermissions Raises $1M
Israeli startup MyPermissions, which grant users greater control over what data they share with applications, has raised $1 million in its first financing round. The round was led by was led by lool Ventures, 500 Startups and 2B Angels, with participation by Plus Ventures and Robby Hilkowitz. MyPermissions is the first Israeli startup to receive financing from 500 Startups.
March 07, 2013
Video Advertising Company Innovid Raises $11M
Israeli company Innovid, which offers interactive video advertisement services, has raised $11 million. The funds came from existing investors Sequoia Capital, Genesis Partners, and T-Venture (Deutsche Telecom), and new investor Vintage Investment Partners. The company has raised $27.6 million to date.
March 06, 2013
Moovit Set To Raise $20M
Israeli startup Tranzmate, developer of social public transportation app Moovit is en-route to raise $20 million. Calcalist reports that the company is in talks with several US-based VCs and that existing investors BRM Capital and Gemini Israel Ventures will also take part in the financing round.
March 06, 2013
App Developer Scringo Raises $700,000
Israeli startup Scringo, which develops mobile apps, has raised $700,000 in seed financing from Inimiti and angel investors. Scringo’s platform allows app developers to add key features to their apps by using open-source code, thus saving development time.
March 06, 2013
Financial Software Company Sapiens To Raise $20-30M
Financial services software developer Sapiens International NV plans on raising $20-30 million. Globes reports that the company is writing a draft prospectus and meeting US investment banks for this purpose. Executives have also met with potential investors.
March 06, 2013
Roomer Raises $2M In First Financing Round
Roomer, an Israeli startup that helps tourists locate good deals on hotel rooms, has raised $2 million in its first financing round. The investment was made by BRM Capital. Roomer was founded in 2011 and is based in Tel Aviv.
