An unexpected winner in the Waze exit: a not-for-profit Israeli fund
Founded in attempt to entice the high-tech community to get more involved in Israeli non-profits, the Tmura fund is slated to receive $1.5 million from Waze's sale to Google.
The enormous exit for Waze, the Israeli navigation app start-up sold to Google for $1.03 billion, has created long list of new millionaires - including the company's management. Founder Ehud Shabtai, who is also the chief technology officer, will receive $63 million. Amir Shinar, founder and head of research and development, will receive $51 million. Uri Levine, founder and president, will receive $30 million.