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VC Funding And Acquisitions Of Israeli Startups In November

December 11, 2013

Cloud-based web development platform provider Wix.com raised $127 million in an IPO (initially expected to raise $119 million), valuing it at $750 million. Co-founder and CEO Avishai Abrahami told the Wall Street Journal: “…maybe it’s time for us to think about ourselves as a country going from a startup nation to a high-tech nation, where startup is the first step, but companies are still built in Israel, maintained in Israel and grow from Israel.” Previously, Wix has raised over $58 million from various investors, including Bessemer Venture Partners, Mangrove Capital Partners, Benchmark, Insight Venture Partners and DAG Ventures.