Intigua raises $10 million in financing round
Also, Israeli venture capitalist retracts offer to U.S. startup incubator after founder’s critical tweets about Gaza op, in today's Tech Nation.
Israeli venture capitalist retracts invitation to Y Combinator over anti-Israel tweets
Israeli capital fund managing partner Roi Carthy has withdrawn an invitation for a “meet up” with American startup incubator Y Combinator following Twitter posts by Y Combinator founder Paul Graham that were critical of Israel, Fox Business News reported last week. As a result of Graham’s tweets, which recently highlighted civilian casualties in the fighting in Gaza, Carthy – who is managing partner of Initial Capital, which invests in early-stage startups in Israel and Brazil – wrote that he was rescinding an offer to meet with a Y Combinator partner who was planning a trip to Israel. Fox Business quoted Carthy as saying that although Graham is entitled to his views, the Israeli will not lend a hand to a firm that is “comfortable with its founder criticizing a nation, while at the same time pitching to incubate its best and brightest.” (TheMarker)
Intigua raises $10m with Intel Capital’s help
Intigua, a startup that is involved in providing virtual information technology management products, announced Friday that it had completed a $10 million financing round led by a new investor, Intel Capital, the investment affiliate of U.S.-based chipmaker Intel. Prior investors in Intigua, Bessemer Venture Partners and the Israel-based Cedar Fund, also participated in the current round, which brought total investment in the startup to $21 million. Intigua did not disclose the valuation for the company upon which the latest funding round was based, but plans to use the capital for marketing and development, including efforts to broaden its global sales activity. The company, which maintains its U.S. offices in Newton, Massachusetts, was cofounded in 2010 by its current CEO, Shimon Hason. Intigua has a workforce of 40 people, which is expected to increase to 50 by the end of the year. (Inbal Orpaz)
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