ISRAEL TECH PRIVATE PLACEMENTS – CURRENTLY RAISING
INNOWAVE RAISING $30 MILLION
ECI Telecom (Nasdaq: ECIL) subsidiary InnoWave Wireless Systems is reportedly raising $20 million to $30 million. The company ended Q4 2001 with revenues of $22.5 million, down from $31 million in the previous quarter. Operating losses widened to $6.6 million, compared with a $2.9 million operating loss in Q3.
www.ecitele.com/innowave
TRIMUS LOOKING NEXT ROUND
Trimus is currently raising a $2 million to $3 million round of financing. The company, which develops Web authoring and design software, has received financing from Aura Investments and May Tree Ventures.
www.trimus.com
TRAIANA TO RECEIVE SEQUOIA BACKING?
Traiana, a developer of trade processing solutions for financial institutions, has reportedly received a term sheet from Sequoia Capital as part of its current $7 million to $10 million round. Previous investors Evergreen Investments and Gemini Ventures are expected to participate in the financing. Gil Mandelzis, Shai Sole, and Eran Yehudai founded the company in May 2000.
www.traiana.com
IMAGING COMPANY NEGEVTECH RAISING $15 MILLION AT $45 MILLION
Negevtech, a developer of an imaging engine for information technology applications in industrial processes, is raising $15 million at an estimated company value of $45 million. Star Ventures and Genesis Partners are reportedly participating in the round. Previous funding came from Pitango, Qualitau, Clal Venture Capital Fund, Clal Industries and Investments, and Shrem-Fudim-Kelner.
www.negevtech.com
BAMBOO HUNTING DOWN $7 MILLION
Bamboo MediaCasting, a provider of real time, high quality, rich media, wireless broadcasting solutions, is currently raising a $7 million round. Founded in 2000 by Asher Polani and Ram Arye, the company previously raised $3.5 million from SBC-Aurum Ventures, Veritas Venture Partners, Link Technologies, and Partner Communications.
www.bamboomc.com
OMRIX TO RAISE NEW ROUND
Omrix Biopharmaceuticals, a developer of a biological sealant designed to prevent hemorrhaging, is about to raise another financing round. The company is currently backed by MPM Capital, Biotechnology General, and Quartz Capital Partners.
www.omrix.com
COMVERSE SPIN-OFF TVGATE LOOKING FOR $10 MILLION
Comverse Technology (Nasdaq: CMVT) spin-off TVGate, a developer of interactive TV messaging solutions, is looking to raise $10 million in Series A financing. Founded in 2000, the company is headed by Shabtai Shoval.
www.tvgate.tv
SILVERHELM RAISING NEW ROUND
Silverhelm, a developer of physics-based solutions for dispersing radiation in cellular devices, is about to launch a round of financing after successfully closing its first commercial deal.
www.silverhelm.com
FBIT GOING FOR SERIES A
FBIT, a developer of products for the early detection, prognosis and treatment of cancer, is looking to raise $2 million to $3 million. Angel investors back the company, which was founded in 1999 by Tel Aviv University microbiologist Dr. Ilan Tsarfaty.
www.fbit.co.il
ALLERGENE CHASING AFTER $5 MILLION
Allergene, a developer of novel anti-inflammatory and anti-allergic drugs, is looking to raise $5 million. Professor Ronit Sagi-Eisenberg founded the company.
www.allergene.co.il
ACTIMIZE RAISING $10 MILLION
Databasing company Actimize is raising a $10 million Series B round of financing. The company, which was co-founded in 1999 by David Sosna, Boaz Pe'er, David Govrin, and Guy Greenberg, is backed by Carmel Ventures.
www.actimize.com