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| Press Releases |
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| JGV in the News |
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Unicorn™closes $3 million seed financing Jerusalem, Israel, March 14, 2001: Unicorn Solutions, Inc. announced today that it has closed a $3 million round of seed funding. Participating in the round are Israel Seed Partners and Jerusalem Global Ventures. Other investors include the British Fund Tecc-IS, Apropos, Unicorn™ Founder and CEO, Dr. Zvi Schreiber, and an undisclosed handful of highly experienced private investors. Founded on 01/01/01 by Dr. Schreiber and Rannen Meir, Unicorn™ is creating a comprehensive architecture for the next generation of data infrastructure. Commenting on the quick closing of the round, which took 3 weeks from start to finish, Schreiber said, "This round proves that even in the current environment, a compelling technological concept with a vast potential market can attract top-tier venture capital. We are very excited by the network of contacts and credibility provided by our seed investors". Unicorn™ Co-Founder and Vice-President of R& D, Rannen Meir, added, "Unicorn™ will use this capital to realize our main goals: building a world-class team and a series of powerful enterprise solutions which are based on a revolutionary architecture." Michael Eisenberg, General Partner at Israel Seed Partners, will join Unicorn's Board of Directors. "Unicorn™ has a winning team which we have backed before. It has a cutting edge software infrastructure technology that addresses a real problem and an expanding market," said Eisenberg. Previously, Israel Seed was the lead investor in Tradeum Inc., a company founded by Schreiber and sold to VerticalNet for $500 million. Jerusalem Global Ventures Managing Partner, Yoni Hashkes, added: "Unicorn™ will provide immense value to enterprises by setting new standards in data infrastructure technology." Jerusalem Global Ventures invests in companies developing software enabling technologies and infrastructure solutions. Unicorn™ has identified an innovative approach to managing and integrating corporate data. Unicorn™ already employs a highly experienced team of fifteen. With the closing of this round, Unicorn™ is accelerating its recruitment drive, primarily by completing its research and development team. For more information: www.unicorn.com About Jerusalem Global Ventures: Jerusalem Global Ventures (JGV) is a $200 million group of early stage venture capital funds, focused on telecommunications, Internet-enabling technologies and medical devices. JGV's partners have proven track records in building and managing successful high technology enterprises, and JGV's investors include many of the world's leading hi-tech companies and financial institutions, as well as individual executives from premier companies. JGV's investors include: America Online, NDS, Comverse, Telecom Italia, Agilent Technologies, Motorola, Conexant, Bausch & Lomb, and others. Jerusalem Global Ventures has offices in Israel and the United States. Back to Press Releases |
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