Who will be the next Waze? “Globes” selects some of Israel’s most promising start up candidates for the next big exit

June 14, 2013 Leave a comment

Who will be the next Waze?

“Globes” selects some of Israel’s most promising start up candidates for the next big exit.

12 June 13 19:55, Roy Goldenberg

In the wake of the impressive exit by Waze Ltd., “Globes” presents ten Israeli Internet start ups which could produce the next big exit.

Wix Ltd.

Business: Easy-to-use online platform for building websites

CEO: Avishai Avrahami

Chances of sale/IPO: Last week, the company filed a draft prospectus with the US Securities and Exchange Commission (SEC) for an IPO on Wall Street

Estimated company value: $400 million

Estimated revenue in 2012: $40 million

Capital raised: $66 million

Prominent investors: Bessemer Venture Partners, Benchmark Capital, DAG, Mangrove Capital Partner, Insight Venture Partners, and private investors.Conduit Ltd.

Business: Developer of toolbars and mobile applications

CEO: Ronen Shilo

Chances of sale/IPO: Keeps its cards close to its chest

Estimated company value: $1.3 billion

Estimate revenue in 2012: $800 million

Capital raised: $9.75 million

Prominent investors: Benchmark Capital, Yozma Venture Capital, and private investors

Fiftyone Inc.

Business: Online platform to help retailers sell internationally

CEO: Michael DeSimone

Chances of sale/IPO: The company has met with Wall Street investment banks

Estimated company value: $800 million

Estimated revenue in 2012: $70 million

Capital raised: $40 million

Prominent investors: Benchmark Capital, Pitango Venture Capital,Vintage Investment Partners, Delta Ventures, Adam Street Partners

Matomy Media Group Inc.

Business: Results-based digital media advertising network

CEO: Ofer Druker

Chances of sale/IPO: Plans an IPO in 2013-14

Estimated company value: $300 million

Estimated revenue in 2012: $200 million

Capital raised: $13.3 million

Prominent investors: Viola Private Equity Ilan Shiloach and Nir Tarlovski

Kenshoo Ltd.

Business: Online marketing campaign management platform

CEO: Yoav Izhar Prato

Chances of sale/IPO: Google Inc. (Nasdaq: GOOG) and Facebook Inc. (Nasdaq: FB) could definitely be candidates to acquire the company, as well as enterprise solutions developers such as Salesforce.com Inc.

Estimated company value: $300 million

Estimated revenue in 2012: $60 million

Capital raised: $44.7 million

Prominent investors: Sequoia Capital, Arts Alliance, and private investors

Outbrain Ltd.

Business: Online content recommendations search engine

CEO: Yaron Galai

Chances of sale/IPO: The company will presumably seek an IPO, but not anytime soon

Estimated company value: $350 million

Estimated revenue in 2012: $80 million

Capital raised: $64 million

Prominent investors: Carmel Ventures, Gemini Israel Ventures,GlenRock Israel, Index Ventures

Kaltura Inc.

Business: Open source video for enterprises

CEO: Ron Yekutiel

Chances of sale/IPO: Not anytime soon

Estimated company value: $200 million

Estimated revenue in 2012: $70 million

Capital raised: $60 million

Prominent investors: Intel Capital, Avalon Ventures, Mitsui & Co. Global Investment Inc.

Kontera Ltd.

Business: Text analysis-based advertising

CEO: Yoav Shaham

Chances of sale/IPO: The company is not yet ready for an IPO

Estimated revenue in 2012: $40 million

Capital raised: $33 million

Prominent investors: Sequoia Capital, Carmel Ventures, Tenaya Capital

myThings Inc.

Business: Technology for creating dynamic and personalized advertising in real time

CEO: Benny Arbel

Chances of sale/IPO: The company is growing rapidly, but no concrete plans are known

Estimated revenue in 2012: $75 million

Capital raised: $37 million

Prominent investors: Accel Partners, Carmel Ventures, Iris Capital – Orange-Publicis Venture Fund, Deutsche Telekom’s investment arm T-Venture Holding GmbH

Fiverr Inc.

Business: Social network marketplace for small services

CEO: Micha Kaufman

Chances of sale/IPO: The company is considered a hot item, but no financial moves are apparently in the offing

Estimated revenue in 2012: Tens of millions of dollars

Capital raised: $20 million

Prominent investors: Accel Partners, Bessemer Venture Partners, and private investors

Filed under TMT Trends

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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