Israeli company Hola, which uses peer-to-peer technology in order to speed up internet use, is expecting to raise $10 million. Israeli financial magazine Calcalist reports that the round is being led by Horizon Ventures, which is owned by Chinese billionaire Li Ka-Shing.
News Briefs
October 24, 2012
Hola To Raise $10M Led By Horizon Ventures
October 23, 2012
Plus Ventures Will Offer $20K To Companies Joining The Microsoft Accelerator
Israeli investment firm Plus Ventures will announce that it is willing to offer $20,000 to each company accepted to Microsoft’s Israeli accelerator, Microsoft Azure. Plus Ventures will invest in the early-stage companies, and in return, get a discount in future financing rounds.
October 23, 2012
Japanese Giant Sysmex Intends On Buying Israeli Dune Medical Devices
Sysmex, a Japanese medical company worth $4.7 billion, is interested in buying Israeli company Dune Medical Devices, which develops systems for rapid examination of breast tumors. According to financial magazine Calcalist, the Japanese company has offered to buy the Israeli company for $200 million.
October 22, 2012
Israeli Company BIScience Raises $3.5M In 1st Financing Round
Business intelligence company BIScience has announced that it has raised $3.5 million in its first financing round. The company, which develops information-gathering tools, received the funding from Israeli VC CyHawk, investor Zeev Lederman and Russian VC Bright Capital.
October 22, 2012
Suntech Panels Now Producing 100 Megawatts In Israel
Chinese solar energy giant Suntech has announced that it has now deployed enough solar panels in Israel to produce 100 megawatts of electricity. The Chinese company has been active in Israel for the past four years, and is responsible for roughly half of the solar panels in Israel.
October 22, 2012
Israeli Ex Libris Signs $7M With American Orbis Cascade
The Israeli Ex Libris group, which specializes in developing computer-based solutions for libraries, has announced that it has signed a $7 million deal with American library concern Orbis Cascade Alliance, which operates 37 libraries in three states. The Israeli company will replace all library computer systems with its Alma and Primo software.
October 22, 2012
Fuji Wants Buy Israeli Medical Company Given Imaging For $750M
Israeli medical imaging company Given Imaging, which develops endoscopic capsules, is being pursued by Japanese corporation Fuji. According to Israeli financial magazine Globes, Fuji’s offer stands at $750 million, however Given Imaging’s owner Nochi Dankner will not sell to company for under $1 billion. Given Imaging has recently acquired American company SmartPill, which develops similar products, for $6 million.
October 21, 2012
ICQ Sets Up VC And Plans To Invest $150M In Israeli Companies
Russian-owned ICQ, which was originally founded in Israel, has set up a $150m VC fund aimed at Israeli startups. The company will invest in Israeli startups which deal in web and mobile development.
October 19, 2012
Israeli GetTaxi To Begin Operations In St. Petersburg
Israeli cab-hailing app GetTaxi will begin operation in St. Petersburg, Russia. The company, which is active in Tel Aviv, Jerusalem and London, enables users to hail taxis from anywhere within the city using their mobile device. According to GetTaxi, out of 15,000 active taxis in the Russian city, 250 will be available for the app users.
October 19, 2012
VC Glilot Capital Raises $30M For Investment Fund
Israeli VC Glilot Capital has completed raising $30m for an investment fund. The VC fund will be used for financing early-stage SAAS, mobile and security companies. The fund will be used for investments in about a dozen companies.
October 18, 2012
Israeli Tvinci Raises $4.5M
Tvinci, an Israeli company which develops video over the internet platforms, has announced that it has raised $4.5 in its latest financing round. The round was led by the company’s existing investors Kaedan Capital and Zohar Gilon and new investor Trellas Enterprises.
October 18, 2012
Better Place Opens Battery Stations On Two Main Israeli Roads
Israeli electric car company better place has opened two battery stations in Israel. One of the stations is on highway no. 1, which connects Tel Aviv and Jerusalem, and the second is on highway no. 6, a cross-Israeli toll road. The company eventually plans on having battery stations throughout Israel, located 40km apart on average.
October 18, 2012
IBM Wants To Acquire Israeli Red Bend For $250M
International technology giant IBM wishes to acquire Israeli mobile phone software company Red Bend. According to reports in Israeli media, IBM is willing to pay up to $250 Million for the Israeli company, which provides software products and solutions for managing mobile software, applications and devices over the air.
October 18, 2012
BiolineRX’s Pretrial Of Hepatitis C Treatment Successful
Israeli pharmaceutical company BiolineRX Ltd. reports a successful pretrial of its BL-8020 drug, which is designed to orally treat Hepatitis C. The company has announced that due to the success of the pretrial, it will launch human trials during the first quarter of 2013.
October 18, 2012
Mobile Company Perfecto Mobile Raises $15M In 3rd Financing Round
Israeli Prefecto Mobile Inc. has announced that it finished its 3rd financing round, raising $15 million. The round was led by Globespan Capital Partners and was joined by Carmel Ventures, Vertex Venture Capital and the Waisbein Fund. Perfecto Mobile develops cloud-based testing, automation and monitoring solutions for mobile apps and websites.
