Olista raises $10 million

Olista plans to use the funds to increase its presence in the market with its brand of Service Adoption Management.

Olista, which provide services to mobile operators, said it has raised $10 million in a second-round financing. Evergreen Venture Partners led the fundraising, with existing shareholder Gemini Israel Funds also taking part. Gemini will take a second seat on the Olista board following the financing, with Carmel Sofer - a Gemini General Partner - taking up the position. Olista plans to use the funds to increase its presence in the market with its brand of Service Adoption Management.