US-Israeli enterprise IT solutions start-up WebCollage Ltd. has raised $10 million in its sixth financing round. Greylock Partners led the round, joined by current investors Cedar Fund, Gilde Investment Management, and Sierra Ventures. WebCollage has raised $42.1 million altogether, including the present round.
WebCollage chairman Eli Singer, CTO Gil Taylor, and VP product management Eilon Reshef founded the company in 2000. Its president and CEO is Yehuda Doron, and, following expansion in the past year, the company currently has 100 employees, half of whom are in Israel.
Reshef told "Globes", "WebCollage will use the capital raised to deepen and upgrade its technology and to enter new markets around the world."
WebCollage develops a web content integration network for manufacturers and their channel partners - retailers, VARs and distributors.
Published by Globes [online], Israel business news - www.globes-online.com - on March 26, 2008
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