Israeli early stage high-tech startup VC fund Magma Venture Partners, whose current portfolio includes online video-editing software developer Magisto, mobile analytics company Onavo, and navigation app maker Waze to name three, has completed fundraising on its third fund — Magma III — exceeding its target of $100 million. Magma said it manages more than $300 million to-date. → Read More
It was only a few shorts weeks ago that we reviewed Onavo, the must-have iOS app that significantly shrinks data consumption. We were so impressed with the app’s ability to save users money on their data usage plans, that we went so far as to say that every iOS user should download it.
Today the company is announcing a $3M Round A led by Sequoia Capital, with participation of Magma Venture… → Read More
About a week ago, we noted that social mapping company Waze was getting big. Actually, with over 2 million drivers helping them map the planet, and over 250 million kilometers logged, they’re already really big. And today investors are putting their money where the miles are as the company has just raised a $25 million Series B round of funding.
The large second round is being led by existing… → Read More
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