Web 2.0 start up eSnips raised $0.75 million seed money from Gemini Israel

noreply@blogspirit.com (ARPU~UP) — Fri, 17 Feb 2006 13:30:00 +0100

Israeli Web 2.0 start up, eSnips, completed a $0.75 million seed investment round from Gemini Israel Funds. eSnips, located in Netanya, has recently released an initial beta version of eSnips.com, a free internet service designed to provide 1GB of free storage dedicated for storing and sharing digital files, photos and video clips.

Yael Elish, former VP of Strategic Development at Commtouch, is the founder and chief executive officer of eSnips. The company was initially funded by Nahum Sharfman, formerly the founder of shopping.com, later acquired by eBay. Sharfman, eSnips chairman, was also the founder and CEO of Commtouch. He holds a Ph.D. from Carnegie Mellon University in High Energy Nuclear Physics.

eSnips was made available as a quiet pre-beta on September 2005. A full social version is due to go live in March 2006. eSnips currently has 60,000 registered users. The community based service provides a centralized storage space and user friendly tools to gather almost any type of information from the web or desktop and annotate, tag and share it online in various ways.

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Pharos Capital Group has invest $8 million into travel booking company Travel Holdings

noreply@blogspirit.com (ARPU~UP) — Wed, 26 Oct 2005 09:10:00 +0200

Pharos Capital Group made a second round investment in its portfolio company, Travel Holdings. Pharos, with over $450 million in capital under management through three private equity funds, invested $8 million in this round, adding to its $5 million initial investment in September 2004. Existing investors BEV Capital and Massey Burch Partners also invested in the round.

Travel Holdings is an innovative and diverse travel distribution company headquartered in Orlando and with technology operations in Tel Aviv. The company serves customers in 122 countries and integrates with every segment of the travel industry including retail, wholesale, group, travel agents, corporate and affiliates.

Travel Holdings, Inc. was established in early 2004 through the merger of three firms: Tourico Holidays, Inc., LastMinuteTravel.com and Travel Global Systems (TGS), headquartered in Tel Aviv. Travel Global System, manage by Oren Hadar, is the leading developer behind LastMinuteTravel’s infrastructure.

Israel Science Technology - internet

Web 2.0 start up eSnips raised $0.75 million seed money from Gemini Israel

Pharos Capital Group has invest $8 million into travel booking company Travel Holdings