Online advertising start-up AdYouNet raises NIS 3.5m

Xenia Venture Capital and NetService Ventures invested in the round.

24 April 08 14:25, Shahar Zadok and Yaniv Magal

Online advertising start-up AdYouNet Technologies Ltd. has raised NIS 3.5 million from its current investors Xenia Venture Capital Ltd. (TASE:XENA) and NetService Ventures. The present investment follows $400,000 invested in the company last summer by International Venture Fund (IVF) of the US.

AdYouNet is developing a CRM advertising application over the web that enables one-to-one identification of targeted users to deliver a tailored advertisement campaign. AdYouNet president and CEO Ilan Zorman and VP media Sagee Schnaittacher, founded the company in 2007.

Published by Globes [online], Israel business news - www.globes-online.com - on April 24, 2008

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