Eyeview Raises $1 Million Round from Innovation Endeavors

In 2008, we covered the story of EyeView on VC Cafe. Three friends won the Harvard Business School business plan competition, carried on with the venture to raise money from respectable VCs in Israel and land clients like Yahoo and eBay. But since then, very little was heard about the company until now. Beet.tv reported that Innovation Endeavors, the VC fund led by Google’s chairman Eric Schmidt, has invested an additional $1 million in Eyeview, bringing the total investment in the company to $6 million to date from Gemini and Lightspeed ventures.

In 2008, VC Cafe covered the story of EyeView . Three friends won the Harvard Business School business plan competition, carried on with the venture to raise money from respectable VCs in Israel and land clients like Yahoo and eBay. But since then, very little was heard about the company until now. Beet.tv reported that Innovation Endeavors, the VC fund led by Google’s chairman Eric Schmidt, has invested an additional $1 million in Eyeview, bringing the total investment in the company to $6 million to date from Gemini and Lightspeed ventures.

Eyeview went through a pivot of its product as well. Originally offering flash tutorials and welcome clips for websites, Eyeview now creates tools that enable advertisers to change display ads on the fly, according to the demographic, geo location, etc. Watch the clip below and see how the same ad differs when it’s shown in two different locations: http://www.youtube.com/watch?v=IpSHBV1Zvzw&feature=related

One of Eyeview’s co-founders is Oren Harnevo, the brother of Ran Harnevo, who started 5min and sold it to AOL . Entrepreneurship seems to be passing in the family – their mom, Linda Harnevo is also an entrepreneur – she founded the startup LifeonKey, which enables people to access their medical records online, on the mobile and on flash drives.

This is Innovation Endeavor’s second funding of an Israeli startup. A few months ago, IE invested in Any.do (see coverage on VC Cafe).

Follow me
Co Founder and Managing Partner at Remagine Ventures
Eze is managing partner of Remagine Ventures, a seed fund investing in ambitious founders at the intersection of tech, entertainment, gaming and commerce with a spotlight on Israel.

I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups.

I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.
Eze Vidra
Follow me
Total
0
Shares
Previous Article
Israeli private equity deals

Decline in Private Equity Deals in Israel for Q1 2011

Next Article
Analyzd sold to Swedish Klarna

Bootstrapped Analyzd Sells for Tens of Millions

Related Posts
Read More

5min Wins Top Spot in TechAviv’s Peer Awards

TechAviv, the members-only meetup group for Israeli start ups, has concluded its starup competition the "TechAviv Peer Awards". The top spot was awarded to Israel's 5min.com,the leading online platform for how-to, instructional and knowledge videos, which was crowned as the most promising Israeli web start up in 2009. Colnect was a close runner up.
Total
0
Share