Seqouia one of most active investors in Israel in past year
Photo: IndexOpen
Ex-Oberon developers raise $2M from Sequoia
New company on Israel's game board: Steamgo, developer of integrated cellular, video and PC gaming platform technology
Former game creators at causal games giant Oberon Media, Eyal Ronen and Doron Nir, are founding a new startup company for which they are raising $2 million in seed capital from the Silicon Valley VC fund giant Sequoia Capital, which is invested in Google, Yahoo and Apple among others.
There are a number of companies which are developing similar technologies, among them Microsoft which is currently developing an integrated gaming platform that will enable gamers using PCs, game consoles, Xbox360 consoles and Windows Phone 7 to play together.
The new startup company, Steamgo, is currently in its confidential seed stage and all that is known about the company is that it is developing a technology that integrates between several gaming platforms including television, cellular phones and tablets.
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Today the company is operating out of the Ramat Hasharon home of founder and CEO Eyal Ronen and has also opened offices in Bucharest and Silicon Valley.
So far, Steamgo has recruited five engineers. Doron Nir formally edited the Vgames website and worked at Jerusalem-based gaming company Funtacix.
US venture capital fund Sequoia has become one of the most active investors in Israel over the past year, during which it had made investments in fours companies:
TayKey which became a Facebook advertising network; Personetics, which belongs to David Govrin and David Sosna – founders of Actimize; Onavo – founded by Guy Rosen, which developed an application for compressing cellular internet which lowers surfing costs; and Interlude, which was founded by singer Yoni Bloch and enables users to create endings for advertisements.
Sequoia's recent investments in Israel are made from a $200 million earmarked fund.
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