Singapore-based VC firm Crescent Point invests in Israeli startup
August 30, 2011 by Terence LEE
Crescent Point, a Singapore-based private equity firm, took part in the third round of financing worth US$9million in Taboola, a video recommendation widget startup founded by an Israeli and now based in the US.
The Singapore firm was involved as part of Crescent Point Lantern, a joint venture between Israelis Ohad Finkelstein, a former partner at venture capital firm Venrock Israel, and Yuval Shahar, a former executive at Cisco Systems Israel. Previous investor Evergreen Venture Partners also took part.
According to CrunchBase, “Taboola is the provider of the world’s first Personalized Video Discovery Platform for publishers, marketers and users. When you visit one of Taboola’s powered-by publishers, you will be able to enjoy a free and easy to use video recommendation solution to discover videos you like.” Its clients include The New York Times, CNN, USA Today, and Bloomberg.
This is not the first Israeli firm Crescent Point has invested in. In June 2011, it funded Taykey, a startup that operates an online advertising platform which detects social media sentiments and uses the data to adjust its client’s advertising campaigns.
About The Author
Terence LEE - Assistant Editor
Terence is an online media nut that is obsessed with writing and publishing for the Internet. Recently, he took up photography to expand his repertoire, and hopes to learn videography soon. He has worked in both online and print publications such as The Straits Times, Today, Mind Your Body, The Online Citizen, and Funkygrad. In 2010, he co-founded New Nation, a current affairs online magazine for young adults with a couple of like-minded folks. Terence can be found on LinkedIn and Twitter.
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