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Facebook Acquires Israel’s Snaptu For an Estimated $60-70 Million

VC Cafe

Founded in 2007 by Ron Makavy, Micha Berdichevsky, and Barak Naveh, Snaptu raised a total of $9 million in three rounds: $3 million from Carmel Ventures, $5 million a year ago (March 2010) from Sequoia and $1 million from private investors, including Spotlab, an angel fund operated by former Israeli MP Neomi Blumental.

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Why utilities need to be back in public hands

Start Up Blog

All cars will be electric in 8 years time and we’ll require highly distributed charging facilities where ever a car parks. These are industries where the most efficient way to serve a market is with a single operator or system. Just this week I was in Sri Lanka and they already have 5G well underway.