alarm:clock

Media - Monday, July 31, 2006

Online Advice Site Kasamba To IPO in Tel Aviv

kasamba logo.gif

Israel's Kasamba plans an IPO at $40-50M valuation on the Tel Aviv exchange in September. Kasamba was founded in 2000 as a web-based consultancy service for doctors. The company expanded its services to other fields like personal advice. Like its American rival Keen, Kasamba found that its best business was in tarot card reading and horoscopes delivered online.

JAL Ventures has invested $2M. The company claims it ended 2005 with sales of $10M. Kasamba is another case that we continue to see where founders stuck to it after the bubble burst and have come out clean through perseverance.

Post a comment




Remember Me?


More Recent Articles

ThumbAuctionDrop Bought By ECO International

Saturday July 19, 2008

Along with a lot of other people, we liked the AuctionDrop concept. It's eBay for the rest of us who don't want to wring our hands over getting the best prices for the junk in our garages. Instead you just load up your car and dump it at an AuctionD... Full Story

ThumbDelver Gains Further Funding For Social Search Engine

Saturday July 19, 2008

San Francisco-based Delver has raised $1.75M from Carmel Ventures as an add-on to its Series A funding. Carmel’s prior commitment was $2.25M. Delver launched in January its socially connected search engine, which uses public profiles from social n... Full Story

Listen to alarm:clock

alarm:clock © 2004-2008

Swift Internet