Evergreen funds Internet start-up Libox

Igal Ahouvi is an investor in the new start-up.

Evergreen Venture Partners has led a $1 million first financing found in Internet start-up Libox Ltd. founded by CEO Erez Pilosof. Other investors are Igal Ahouvi's Partam Tel Aviv Ltd. and private investor Ilan Tirosh.

Libox was founded last year and has five employees. The company has not yet disclosed its business, but according to IVC Online, the company "is developing an innovative Internet platform which is aimed at end-users."

Pilosof was a founder of Internet portal Walla Communications Ltd. (TASE: WALA). He said that the company would soon disclose its activity.

Published by Globes [online], Israel business news - www.globes-online.com - on April 10, 2008

© Copyright of Globes Publisher Itonut (1983) Ltd. 2008

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