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

Fundbox lines up $40 million and Playbuzz $16 million.

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

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:



Automatic approval of subscriber comments.
From $1 for the first month

Already signed up? LOG IN


The Orion nebula, photographed in 2009 by the Spitzer Telescope.

What if the Big Bang Never Actually Happened?

Relatives mourn during the funeral of four teenage Palestinians from the Nijm family killed by an errant rocket in Jabalya in the northern Gaza Strip, August 7.

Why Palestinian Islamic Jihad Rockets Kill So Many Palestinians

בן גוריון

'Strangers in My House': Letters Expelled Palestinian Sent Ben-Gurion in 1948, Revealed


AIPAC vs. American Jews: The Toxic Victories of the 'pro-Israel' Lobby

Bosnian Foreign Minister Bisera Turkovic speaks during a press conference in Sarajevo, Bosnia in May.

‘This Is Crazy’: Israeli Embassy Memo Stirs Political Storm in the Balkans

Hamas militants take part in a military parade in Gaza.

Israel Rewards Hamas for Its Restraint During Gaza Op