Two Israeli-U.S. Startups Raise $56 Milion

Send in e-mailSend in e-mail
Send in e-mailSend in e-mail
Screenshot from

Fundbox, which uses sophisticated technology to determine the risk profile of small businesses to which it advances loans, said Thursday it had raised $40 million in a second round of financing led by the venture capital fund General Catalyst Partners.

A day earlier Playbuzz, a startup co-founded by former Prime Minster Ehud Olmert’s son Shaul whose platform enables content to be distributed on social media, said it raised $16 million.

The Fundbox financing round included existing investors Khosla Ventures, the private investor Shlomo Kramer, Blumberg Capital and others along with new investor NyCa Investment Partners. The company also announced a new credit facility in partnership with Silicon Valley Bank and other institutions.

Founded in 2013, by Yuval Ariav, Tomer Michaeli and Eyal Shinar, the company conducts research and development in Tel Aviv and has its headquarters in San Francisco.

Fundbox provides short-term loans to businesses based on invoices they hold that have yet to be paid. The company’s software plugs into a business’ accounting software to analyze a variety of data points and build a risk profile for each invoice.

Playbuzz’s $16 million round was led by venture capital fund 83North. Additional money came from Saban Capital, the investment arm of American-Israel media mogul Haim Saban, as well as existing investors Carmel Ventures and FirstTime Ventures.

Founded in 2012 by Olmert and Tom Pachys, Playbuzz enables publishers, bloggers, marketers and brands to connect with audiences through quizzes, lists, surveys and rankings. Playbuzz has thousands of publishers and content creators who author, embed and distribute content. It has 60 employees in Israel and aims to increase its work force to as much as double that, with its new capital.

Click the alert icon to follow topics: