 | |
 |
Iscraper Raises $5.5 Mln at $15 Mln Value
"Globes" has learned that Iscraper of Haifa has raised $5.5 million at a
company value of $15 million after money. Investors in this capital raising
exercise included the ISP (Israel Seed partners) fund, of Jerusalem, which
invested $1 million; the Apax Israel fund, which invested $3.5 million; the
Apax Europe fund, which invested $1 million.
This is the company's second round of capital raising. In the previous
exercise, in March, ISP invested $1 million in the company.
Iscraper has developed a system for the co-ordination and management of
construction projects over the Internet. Its system enables those planning,
executing and co-ordinating the projects to maintain real-time continuous
contact, including the forwarding of drawings and other aspects of planning
and management. The system is compatible with various planning tools. It
operates on the company's Internet site.
Information systems engineer Shaul Mazor, aged 29, and Asher Bennet, aged
30, founded Iscraper at the beginning of 1998. The company also has offices
in Britain , Turkey and New York. Its customers include Gad Zeevi's Grand
Kanyon in Haifa, and the British pharmaceutical chain-store Boots.
Published by Israel's Business Arena October 11, 1999
|
