Atlantium Ltd., an Israeli water treatment company, has announced that it has raised $9 million. $3 million was invested by European VC Aster Capital. Further funds were invested by Swiss VC Aeris Capital AG and by the company’s chairman and CEO Benjamin Kahn. The company says it will use the funds to further develop its ballast water treatment product and expand its operations in the fields of power generation and advanced oxidation.
News Briefs
February 18, 2013
Israeli Water Treatment Company Atlantium Raises $9M
February 14, 2013
MassChallenge Accelerator Sets Up Shop In Israel
American accelerator program MassChallenge is setting up shop in Israel. The accelerator, which was founded in Boston in 2010, is a nonprofit organization supported by Kraft, Verizon, Fidelity Investments, Microsoft, 3M and private investors such as Red Sox owner John Henry. Three Israeli companies have participated in the program in the past: DriveWay, Joytunes and STU.
February 14, 2013
Security Company Fortscale Raises $2M
Israeli data security company Fortscale Security Ltd. has raised $2 million from businessman Shaul Shani’s investment firm, who is also the company’s CEO. Financial magazine Calcalist reports that the investment is the first received by the company. Fortscale has developed a system which analyzes information and tracks patterns of potential security threats.
February 13, 2013
Getonic Secures $1.3M In Seed Funding
Israeli company Getonic, which offers an embeddable ecommerce platform for social networks, has announced that it has raised $1.3 million in a seed funding round. The funds were invested by TheTime incubator, Rutledge Vine Capital, Mortimer Singer and angel investors.
February 13, 2013
Israeli High Tech Companies Raise $1.92B In 2012
According to the IVC research center, 575 Israeli high tech companies have raised a total of $1.92 billion in 2012 from local and foreign investors. The figure presents a 10 percent decline from 2011, in which 545 companies raised a total of $2.14 billion.
February 12, 2013
Facebook Selects Israel And Netherlands To Test New ‘Buy Tickets’ Button
Israeli and Dutch Facebook users may have noticed a new addition to event pages – a “buy tickets” button. According to a report on Israeli technology blog Feeder, the button is being tested locally by the social network in Israel and in the Netherlands.
February 12, 2013
Adapteva Raises $900,000 Via Kickstarter
Israeli-American company Adapteva has raised $900,000 through crowdsourcing website Kickstarter. Financial magazine Calcalist reports that the company set a goal of raising $750,000, but surpassed it. Adapteva is developing an affordable super-computer motherboard, which will be open-source based.
February 12, 2013
Bonus BioGroup To Open Human Bone Factory In Israel
Israeli company Bonus BioGroup will open its human bone manufacturing complex this year in Israel. The complex will be located in the city of Haifa, and will grow human bones created from patients’ fat tissue. Each bone will be specifically grown to replace missing bones in the patient’s limbs, head or face.
February 12, 2013
Magma Raises $100M For Investment Fund
Israeli VC Magma Venture Capital has announced that it has finished raising funds for its third investment fund, totaling at over $100 million. Magma, founded in 1999, is one of the biggest investment firms in Israel, and in the past has invested in successful startups such as Waze and Onavo.
February 11, 2013
MoMinis Rebrands Itself As PlayScape, Announces 40 Million Users
Israeli mobile gaming company MoMinis has announced that it is rebranding itself and from now on will be called PlayScape, based on the mobile game publisher’s highly successful mega-game concept that it pioneered in 2011. The five-year-old company has also announced that it has reached 40 million users worldwide.
February 11, 2013
Forbes: Israeli uTest 8th Most Promisiong Company In The US
Israeli company uTest, which supplies crowdsourcing-based QA services, was selected by financial magazine Forbes as the eighth most promising company in America. The list, published on Forbes’ website, ranks 100 companies, all privately held, fast growing and operating in a fast-growing market.
February 11, 2013
AlgaTechnologies Sells Controlling Share At A Company Value Of $50M
Israeli company AlgaTechnologies Ltd., which cultivates microalgae to produce commercial antioxidants, has sold its controlling stake to British private equity firm Grovepoint Capital at a value of $50 million. The company cultivates a microalga called Haematococcus pluvialis which is a source of a potent antioxidant called astaxanthin.
February 11, 2013
Apple Opens Development Center In Ra’anana
Electronics giant Apple is opening a new development center in the town of Ra’anana. The new center, located in the town’s industrial zone, will be the third one opened by the company in Israel, joining the ones in Haifa and Herzliya. The center will employ 100 to 150 workers, all of which were recently laid-off from Texas Instruments’ development center.
February 07, 2013
BioLineRX Receives $8M Investment
Israeli drug development company BioLineRX has announced that it will receive an $8 million investment from OrbiMed Israel Partners LP. BioLineRX says that it will use the funds to continue the development of its clinical and pre-clinical state therapeutic assets.
February 06, 2013
Israel Is One Of Three Focus Regions For New Samsung Investment Fund
Korean electronics giant Samsung has announced that its new $100 million seed-investment fund will focus on three regions: Silicon Valley, Massachusetts and Israel. In addition, the Korean company announced that it will hold a startup competition later this year, in which the winners will share a $10 million seed-investment prize.
