U.S.-Israeli Start-up Playbuzz Raises $16 Million

Online quiz provider gets most of the funds from VC 83North.

Reuters
Reuters
Send in e-mailSend in e-mail
Smartphone
SmartphoneCredit: Bloomberg
Reuters
Reuters

U.S.-Israeli start-up Playbuzz, whose platform enables the distribution of content on social media, said on Wednesday it has raised $16 million in a financing round led by venture capital fund 83North.

Additional funds came from Saban Capital, the investment arm of media mogul Haim Saban, as well as existing investors Carmel Ventures and FirstTime Ventures.

The new investment will be used to expand the company's operations and develop the variety of formats available on the platform. In addition to its New York headquarters, PlayBuzz is opening offices in Asia and Europe.

Founded in 2012 by Shaul Olmert, son of former Israeli prime minister Ehud 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 over 80 million monthly visitors.

83North, which started as an affiliate fund of Silicon Valley's Greylock Partners, said in January it raised a $200 million fund to invest in consumer and enterprise technology companies led by European and Israeli entrepreneurs.

Click the alert icon to follow topics:

Comments

SUBSCRIBERS JOIN THE CONVERSATION FASTER

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

SUBSCRIBE
Already signed up? LOG IN

ICYMI

Charles Lindbergh addressing an America First Committee rally on October 3, 1941.

Ken Burns’ Brilliant ‘The U.S. and the Holocaust’ Has Only One Problem

The projected rise in sea level on a beach in Haifa over the next 30 years.

Facing Rapid Rise in Sea Levels, Israel Could Lose Large Parts of Its Coastline by 2050

Tal Dilian.

As Israel Reins in Its Cyberarms Industry, an Ex-intel Officer Is Building a New Empire

Queen Elizabeth II, King Charles III and a British synagogue.

How the Queen’s Death Changes British Jewry’s Most Distinctive Prayer

Newly appointed Israeli ambassador to Chile, Gil Artzyeli, poses for a group picture alongside Rabbi Yonatan Szewkis, Chilean deputy Helia Molina and Gerardo Gorodischer, during a religious ceremony in a synagogue in Vina del Mar, Chile last week.

Chile Community Leaders 'Horrified' by Treatment of Israeli Envoy

Queen Elizabeth attends a ceremony at Windsor Castle, in June 2021.

Over 120 Countries, but Never Israel: Queen Elizabeth II's Unofficial Boycott