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

VC Cafe

These two deals are significant, and suggest that Facebook didn’t just buy an app - Snaptu is a mobile platform and a distribution channel for emerging markets with low smartphone penetration, where the users use their mobile phones as their main access device to the Internet.

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2020 Accel Euroscape: Decacorn Unleashed

Cracking the Code

The average revenue multiple is now 17x+, close to 10 times higher than during the 2008 crisis! The founders refocused their foundation to help fight COVID in Romania, achieving a massive impact. It seems unstoppable with around $1 trillion of value created in the past 12 months and the Cloud Index massively outperforming the Nasdaq.

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