TechNation: Stratasys Invests in 3D-printing Startup Massivit

Russia's Titanium Investments in $50 million fund; Mobile marketer platform Insert raises cash; Clicktale buys Turkish startup.

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A bicycle helmet printed by Stratasys' Objet500 Connex3 Color Multi-material 3D Printer.
A bicycle helmet printed by Stratasys' Objet500 Connex3 Color Multi-material 3D Printer.

Massivit 3D Printing Technologies said Wednesday the U.S.-Israeli company Stratasys had invested an undisclosed amount in it. Sources said the investment comes in place of a 40-million-shekel ($10.2 million) initial public offering Massivit had planned for the Tel Aviv Stock Exchange at a valuation of up to 120 million shekels. Stratasys, a publicly traded maker of 3D printing technology, is believed to have invested just 5 million to 10 million shekels in the startup, which was founded in 2013. Massivit produces large-format 3D printers used to make super-sized objects mainly for point-of-sale branding, advertising, exhibitions, theme parks and other applications using its Gel Dispensing Printing technology. Massivit said the proceeds would be used to accelerate market penetration, build a global presence, and enhance logistic and manufacturing capabilities, as well as product development. (Omri Zerachovitz)

Russia’s Titanium Investments reveals $50 million fund
Titanium Investments, a Moscow-based venture capital fund, says it has raised $50 million for investment in Israeli and Russian startups. Like a clutch of Russian tech investors in Israel, Titanium and its CEO, Alexander Ayvazov, have kept a low profile. The fund has been active in Israel for the past 18 months and has invested in 16 startups – out of a portfolio of 18 companies – but only now is formally announcing its presence. It still has $25 million for further investments, which are expected to focus on Israel. Its portfolio includes Feedvisor, which helps online retailers with pricing; the content personalization platform BrightInfo; the online self-service platform NanoRep; and sports news app 365Scores. It also has one exit under its belt –, which was acquired by Wix in 2015. “We see Titanium as a partner in addition to being an investor,” Ayvazov said in a statement. “We try to be very involved in the business process.” (Inbal Orpaz)

Mobile marketer platform Insert comes out of stealth mode
Insert, the Israeli startup that has developed a platform to help mobile marketers engage users, emerged from stealth mode Wednesday and said it had raised $5 million from investors including cybersecurity pioneer Shlomo Kramer. The Yakum-based company said Mickey Boodaei and Rakesh Loonkar, both cofounders at Trusteer and well-known tech investors, also invested in the round, which took place a year ago. Insert’s platform offers mobile marketers features they can quickly insert into their apps with no coding. The inserts include features for guidance, communication, conversion and acquisition. “Mobile app development cycles are long, and many of these great marketing ideas get lost in the process or take too long to implement,” said CEO Shahar Kaminitz, who formed the company with Vice President for Development Yaron Goldberg. Both were behind another startup, Worklight, a mobile app platform acquired by IBM. (TheMarker)

Clicktale buys Turkish startup to expand into mobile apps
Clicktale, an Israeli-U.S. startup whose technology lets online retailers see how visitors are using their site, says it has acquired the Turkish company FlightRecorder to expand its service to mobile apps. No terms were revealed. Founded in 2006, Clicktale has raised $58 million for technology that lets website operators create visual heat maps and behavioral reports to help them improve. FlightRecorder’s technology provides similar feedback, but on iOS and Android platforms. FlightRecorder was formed last year by CEO Can Abacigil and Chief Financial Officer Omer Erkmen, and has offices in San Francisco and Istanbul. Clicktale has been using FlightRecorder’s technology for some time but will now formally launch a Clicktale for Apps product at the Mobile World Congress in Barcelona next week, according to the technology website VentureBeat. (TheMarker)