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Facebook Acquires Israel’s Snaptu For an Estimated $60-70 Million

VC Cafe

MARCH 20, 2011

Facebook surprised with its first acquisition in Israel today (and its second acquisition outside of the US), with the announcement that it is buying Israeli startup Snaptu (previously known as Moblica) for an estimated $60-70 million. According to TheMarker (Hebrew), Sequoia will be making a six time multiple on its investment.

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Sri Lanka Dominican Republic Saudi Arabia 94
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Janvest Wants to Fill the Seed Investment Gap in Israel (Interview)

VC Cafe

JULY 5, 2010

A s venture funds struggle to raise money in Israel, seed capital, one of the earliest and riskiest stages of investment, is becoming harder and harder to secure. based Angel capital with early stage technology companies in Israel, and do so in a way that substantially mitigates the risk of seed stage investing.

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Technical Review Software Review Seed Stage 106
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