Power Paper raises $30m.

Since its inception in 1997, Power Paper has raised $59m. in five rounds of funding.

By AVI KRAWITZ
November 9, 2005 07:21
1 minute read.
power paper logo 88

power paper logo 88. (photo credit: )

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Power Paper Ltd., a provider of thin and flexible micro-power source technology and devices, raised $30 million in a fundraising round, the company said Tuesday. Apax Partners led the financing with an investment of $16m. They were joined by Clal Industries and Investments and the Infinity Venture Capital Fund, which together invested $12m. Previous investor, Banc America Capital Partners, also participated in the round injecting $2m. in the company. Amir Gal-Or, managing partner of Infinity said Power Paper intends to use the funds to accelerate sales of PowerCosmetics and to continue to develop additional applications for the company's power source. Since its inception in 1997, Power Paper has raised $59m. in five rounds of funding - Tuesday's announcement being the largest to date. Its last financing, in which it raised $15m., was completed in July 2003. The company has 80 employees working from its offices in Petah Tikva. Separately, Jerusalem-based Double Fusion, a provider of in-game advertising services, said Tuesday it raised $10m. in a financing round led by Accel Partners and Jerusalem Venture Partners (JVP). The company also said it appointed Geoff Graber, the former general manager of Yahoo! Games, as its chief executive officer. Double Fusion said the funding would enable it to move its headquarters from Jerusalem to the San Francisco Bay area and "aggressively market its services globally to reach larger publishers." The company's technology is utilized by video and PC game publishers to place advertising within their games.

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS