Priceline acquires Israeli startup, Qlika for $20M
Israeli startup, Qlika was recently gobbled up by eCommerce travel giant, Priceline. Qlika, offers a hyper-local advertising platform. The price tag on the deal is estimated to be around $20M. To read more about Qlika and Priceline’s plans, click here.
OurCrowd In The News
OurCrowd’s portfolio company Webydo featured on VentureBeat
The OurCrowd Guide to Investing in Israel is your comprehensive roadmap into the various opportunities to invest in Israel. Learn from experts who not only have successfully invested in the startup nation, but who have helped build it.
Technology Corner
Qoros and the electric bycicle of the future
Qoros, a Chinese-Israeli automotive company, recently unveiled its new electric bicycle, the eBIQE. The futuristic bike, which runs completely on electricity, only requires an 80 minute battery charge from any electrical socket. The eBIQE is capable of traveling 120 KM at a maximum speed of about 65 KM/H. The bicycle is also equipped with a 5 inch screen with navigation, security code and speedometer functionalities. To read more about the eBIQE, click here.
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Updates You Might Have Missed
Trending Israeli Entrepreneurs
One-on-One with Webydo CEO, Shmulik Grizim
Building your own website in this day and age has never been so easy. There are many robust DIY website creation platforms available out there such as Wix, who recently went public on the NASDAQ and Webydo, an OurCrowd portfolio company. In a one-on-one, Webydo’s CEO Shmulik Grizim talks about the transformation of the website creation market and Webydo’s journey to become a serious contender in the space. To read more, click here.
Foreign VCs overtake Israeli funds in first round investment activity
Although Israel has the largest amount of startups per capita after the US, funding for its startups doesn’t always come from local investors. A recent report by the IVC Research Center found that 67% of first time investments in Israel come from foreign VCs, with local investments showing a substantial decline. To read the full report, click here.
Israeli startup Appixia snatched up by Wix
Israeli startup Appixia was acquired last week for $10M by Israeli DIY website builder Wix. Appixia provides a unique platform that enables eCommerce stores to conquer the mobile realm by easily setting up a mobile version of their online store. Wix, which recently went public on the NASDAQ, said this buyout may be the first of many. To read more about Appixia and Wix, click here.
OurCrowd’s News Nuggets
Israeli startup Payoneer raises $25M in series D round(VC Post)
Israeli creativity & innovation at SXSW 2014(Times of Israel)
