Therapix invests in synthetic marijuana; WalkMe raises $1 million; Replay wins NY Emmy award.
Therapix invests $1.5m in synthetic marijuana
Therapix Biosciences said on Wednesday it had agreed in principle to invest up to $1.5 million for a 49% stake in LaraPharm, which is developing a synthetic substitute for medical marijuana to treat chronic pain. Lara is developing a synthetic pharmacological product based on the active ingredients of the cannabis plant. The advantage over medical marijuana, Tel Aviv-based Lara says, is that users can take a precise and measured amount of the active ingredients, enabling them to be absorbed by the body more quickly and efficiently. Therapix said that under the agreement it would be investing in Lara according to product-development milestones. Shares of Therapix jumped more than 21% to close at 1.01 shekels (29 cents) in Tel Aviv. (Shelly Appelberg)
Web-guidance platform WalkMe raises $1m
WalkMe, a startup whose cloud-based WalkThru software enables people to navigate their way through a complicated website, said on Tuesday it’s raised $11 million in funding from an investor group led by California’s Scale Venture Partners. The financing round, which included existing investors Mangrove Capital Partners, Giza Venture Capital and Gemini Israel Ventures, is intended to accelerate product development and recruit new customers. “In the past 12 months, the company has more than doubled its staff and looks to continue to rapidly grow and hire skilled employees,” said WalkMe, whose customers include Adobe and Amazon Web Services. WalkMe, which is headquartered in San Francisco, has raised $17.5 million since it was formed in 2011. (TheMarker Staff)
Replay wins New York Emmy award
Replay Technologies, the Israeli startup whose technology enables 360-degree replays of sporting events, won a joint New York Emmy award this week with YES Networks, which broadcasts Yankee baseball games. Two Replay executives – Chief Technology officer and co-founder Matteo Shapira and Chief Operating Officer and co-founder Aviv Shapira, were cited along with a group of YES employees, in the technical achievement category for an April 1, 2013 broadcast of “Yankees Baseball - YES View.” Replay equipment is installed at Yankee Stadium as well as in the stadiums of the New York Mets and Dallas Cowboys. (Orr Hirschauge)
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