Monday, November 10, 2014

Israel’s Meekan gets US$870K in seed fund led by Horizons Ventures

Tel Aviv-based scheduling app Meekan has secured $870,000 in seed funding. Horizons Ventures was the lead investor. According to the firm, the capital will be used for product development as well as to add more personnel to its R & D and sales staff.

Meekan, the Israeli-based startup developing the technology that will connect the world’s calendars, has announced a seed funding round of $870k: $750k from Horizons Ventures and $120k from private investors. The funds will go towards developing a portfolio of products based on Meekan’s patent-pending technology, as well as expanding its R&D and sales workforce.

‘We are honored to have Horizons Ventures as our investors and welcome Gilad Novik to our board of directors. Over the past months we’ve worked hard on developing a portfolio of products that will provide the best value for consumers and businesses alike’, said Lior Yavor, Co-Founder & CEO. ‘The scheduling & optimization engines we develop can disrupt several industries and we have much more in store.’

Meekan was founded in 2013 by a father-son duo, Lior & Eyal Yavor, along with veteran product executive Matty Mariansky. As VP Operations and Chief Pilot at El-Al Israeli Airlines, Lior has experienced too many times what happens when a 15-people meeting needs to be rescheduled, so he brought this up at the Friday dinner table, which sparked Eyal’s problem-solving mind.

Meekan’s scheduling & optimization engines are the core of the technology, alongside the Flexible Time Algorithm. 3 months ago the company released a beta version of its iOS app for iPhone and iPad devices, which aims at simplifying scheduling of business meetings. Meekan for iPhone/iPad can pinpoint the best times for a meeting, taking into account free/busy availability, time zones and working hours, of all attendees – regardless of their calendar vendor (Gmail, Google Apps, Exchange/Office365 and iCloud).

Gilad Novik, CTO at Horizons Ventures: ‘”Scheduling meetings is a daily task, and it is also often a time consuming one, especially when different time zones and many parties are involved. Bolstered by the Flexible Time Algorithm, Meekan takes the hassle out of this task, and provides a simple solution to an avoidable inconvenience, allowing us to work more efficiently – it is much more than a productivity or calendar app. We are thrilled Meekan is joining the family at Horizons Labs.”

The company is continuing to develop its portfolio of products, which includes the iPhone/iPad app and an API for 3rd party developers and online booking services. An Android app and an Outlook plugin are coming soon, along with an enterprise product for businesses running on Microsoft Exchange.

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