Sunday, January 31, 2016

Singapore’s Temasek backs Israel $150m VC fund

Temasek Holdings, a Singapore government investment company, is in the final stretch of raising a $150 million fund to invest in mature Israeli high-tech company.

The new fund, called Red Dot, which is nicknamed for the tony city state, plans to invest between $10 million and $15 million in each company in its portfolio.

Yoram Oren, who was behind the Vertex Ventures fund formed in 1997 with Singaporean capital, will be chairman of the new fund. It will act as a sister investor to Vertex, which will continue to invest in younger startups.


Sunday, January 24, 2016

Chinese fund CEIIF to Invest in Israel Cyber Company ImVision

Chinese venture capital fund, CreditEase Israel Innovation Fund (CEIIF) participated in a $4mm investment round in the Israeli cyber security company ImVision Technologies. Also participated in the round Israeli venture capital Pitango.

mVision is a cyber security startup company that operates in NFV/SDN environments. The company quickly became a market leader for anomaly detection and isolation. This was based on unique Correlative Behavioral Analysis algorithms that specializes in service awareness across the entire network.

The company was established in 2014 by Sharon Mantin, Yossi Barshishat and Dr. Eli Plotnik and has 14 employees. The company will use the funds to scale up development of their products. ImVision raised to-date $500,000 in seeds funds.


Thursday, January 21, 2016

Hong Kong VC Arbor Ventures to Invests in Israeli Startup TravelersBox

Israel's TravelersBox, which allows travellers to convert leftover foreign currency into digital currency, said on Thursday it raised $10 million led by Arbor Ventures.

Based in Hong Kong, Arbor Ventures focuses on the intersection of big data, financial services and digital commerce.

Also participated in the round existing investors such as Pitango Venture Capital, IPE Ventures, Pereg Ventures, iAngels and Global Blue.

The company has raised $15.5 million to date. TravelersBox operates kiosks in airports throughout the world and has facilitated several million transactions to date. Travellers can convert foreign change and bills that can be deposited into a PayPal account, turned into gift cards for retailers or used to make charitable donations.

The new funds will enable TravelersBox to grow, specifically in Asia as its next deployments are expected to be in Japan, India and New Zealand. The company plans to deploy an additional 300 kiosks this year.

It also aims to accelerate product development, including an application that will enable consumers to convert their change into digital currency in their home country when shopping at airport-based retail outlets throughout the world.