Dear Tmura Member (and Future Members):
Here are the highlights from the past quarter:
Grant Activity
Tmura paid out the second installment of our grant to Shiur Acher (www.shiuracher.org), as the organization continues to expand its reach, by moving from an “individual school”- based model, to a municipality-based model.
Tmura also made donor-advised grants to:
· SAHI (www.sahi-israel.org – check out their new website!) – empowering at-risk youth, by focusing on giving to others as a way to bring about social change.
· Machshava Tova (www.mtova.org.il) – providing underprivileged populations with access to technology in a supportive and empowering environment.
Exit Activity
· Tmura received $350,000 following exits from Valtech Cardio (acquired by Edwards Lifesciences), Nurego (acquired by GE Digital), and Trendlines (traded on SGX), as well escrow payments from earlier transactions.
· Mazal tov to the management and investors, and we look forward to putting the proceeds to good use in the community!
New Equity Donations by Companies (Total to date: 498)
Thanks to our colleagues at all of the following companies that joined us recently:
· FreshKeep – www.freshkeep.co.uk – thanks to Tal Lapidot, CEO. Thanks also to OurCrowd for the introduction; and to the law firm of Barnea & Co. for their assistance.
· Argus – www.argus-sec.com – thanks to Ofer Ben-Noon, CEO. Thanks also to Adi Yarel, Magma, for the introduction; and to the law firm of H-F & Co. for their assistance.
· AquiNovo – http://trendlines.com/portfolio/aquinovo/ – thanks to Nissim Chen, CEO. Thanks also to Nitza Kardish, Trendlines, for the introduction; and to the law firm of Shibolet for their assistance.
· ReWire – www.rewiredh.com – thanks to Ely Simon, CEO. Thanks also to Baruch Sterman for the introduction; and to the law firm of Abramson for their assistance.
· Innitel – www.innitel.com – thanks to Elie Rubin, CEO. Thanks also to Daniel Damboritz, Yigal Arnon, for the introduction; and to the law firm of Yigal Arnon for their assistance.
· Feedvisor – www.feedvisor.com – thanks to Victor Rosenman, CEO. Thanks also to Yaniv Jacobi, Oryzn Capital, for the introduction; and to the law firm of Paul Weinberg for their assistance.
· Wiliot – www.wiliot.com – thanks to Tal Tamir, CEO. Thanks also to Yoram Snir, 83 North, for the introduction; and to the law firm of Sharir Shiv for their assistance.
· Elastic Media – www.elasticmedia.io – thanks to Ronen Shoval, CEO. Thanks also to OurCrowd for the introduction; and to the law firm of Koren Grodberg for their assistance.
· Beach Bum Games – www.bbumgames.com – thanks to Uri Shahak, CEO. Thanks also to Gigi Levy for the introduction; and to the law firm of Raz Dlugin for their assistance.
· Yofix – www.yofix.co.il – thanks to Ronen Lavee, CEO. Thanks also to Amir Zaidman, The Kitchen, for the introduction; and to the law firm of Amit, Pollak, Matalon for their assistance.
· HiBob – www.hibob.com – thanks to Ronni Zehavi, CEO. Thanks also to Adam Fisher, Bessemer, for the introduction; and to the law firm of BFP & Co. for their assistance.
· Karamba Security – www.karambasecurity.com – thanks to Ami Dotan, CEO. Thanks also to Asaf Iram, Glenrock, for the introduction; and to the law firm of ERM for their assistance.
· StorePower – www.storepower.com – thanks to Jon Polin, President. Thanks also to the law firm of Meitar for their assistance.
· Ayehu – www.ayehu.com – thanks to Gabby Nizri, CEO. Thanks also to Rami Lipman for the introduction, and to the law firm of Shenhav for their assistance.
Repeat Grants – Thanks to our colleagues at Velostrata (www.velostrata.com) for their second option grant to Tmura! As several companies have already done, if your company recently raised additional financing, please consider an additional option allocation for the community.
Marketing
· Thanks to our colleagues at Trendlines for the shout-out at their recent conference in Shefayim, and for the opportunity to distribute Tmura materials to conference participants.
· Thanks to our colleagues at DLA Piper for presenting Tmura at the recent Axis Tel Aviv conference in Jaffa (and thanks to Axis for the opportunity!).
· Thanks to Laly David, OurCrowd, and Raanan Cohen, Bringg for the shout-out at the Israel Dealmakers Summit in San Francisco.
· Thanks to our colleagues at Altshuler Shaham Benefits and ESOP – Excellence for including Tmura in their presentations to entrepreneurs at a number of accelerators.
· Please consider mentioning your involvement with Tmura when presenting your companies/firms, highlighting your contribution to the community. Baruch would be happy to send you material to slip into your slide deck.
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As always, we would be happy to hear from you. Please feel free to contact Baruch (03-607-4506, ) or me with any comments, suggestions, etc.
Best regards,
Yadin & Baruch
About Tmura
Tmura, a foundation with a unique business model, was established in 2002 by leading Israeli venture capital funds to involve the high-tech sector in supporting charitable activities. The model is simple and powerful: early-stage companies give Tmura a warrant, convertible (at exit) into a small portion of their equity. If the company succeeds, Tmura sells its shares and donates the proceeds to charities in Israel; the focus is on education and youth-related activities, and the companies can indicate which organizations they want to support.