KnockaTV Raises $1M



KnockaTV , an Israeli startup founded by former Mirabilis ICQ employees, is developing a product that will connect the Internet and TV in a “Do it Yourself” fashion. KnocaTV was formerly known as ISeeU and is led by co-founder and CEO, Nir Erlich.

Israeli VC firm Evergreen made the investment, placing their second major internet investment in Israel this year. Managing Partner Erez Shachar and investment manager Tomer Afek recently gave an interview on their Internet invesment strategy.

From the interview:

What is it that makes the Internet model different from those in other fields?

In Internet you have to move fast. Until now the Israeli venture capital market would assess a company over three months and only then decide whether or not to invest $3 million. There’s no need for a sum like this in an Internet company, and one needs to move a lot faster. To this end, entities have been set up throughout the world, and recently in Israel as well, which operate in a way suited to Internet companies and not semiconductor companies, for example. This means faster tracks, such as Quick Start, an Internet track operated by US venture capital fund Charles River Ventures that makes small investments in many companies.”

UPDATE: TechCrunch posted about Knocka TV today. See coverage here.

Follow me
Co Founder and Managing Partner at Remagine Ventures
Eze is managing partner of Remagine Ventures, a seed fund investing in ambitious founders at the intersection of tech, entertainment, gaming and commerce with a spotlight on Israel.

I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups.

I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.
Eze Vidra
Follow me
Total
0
Shares
Previous Article

Ceedo recieves an undisclosed investment from Intel Capital

Next Article

Quigo, a serious alternative for Google's Ad-Sense, Preparing for IPO

Related Posts
Read More

Exclusive: Enigmai Helps SMBs Simplify Complex Workforce Scheduling on the Cloud [Interview]

Bootstrapping can be really hard for some early stage startups, but Israeli startup Enigmai, makes it seem easy. Started in 2009, Enigmai built and deployed a simplified workforce management SasS tool that enables SMBs and large companies to better manage their human resources. VC Cafe interviewed Engimai's founder and CEO Adir Iakya to learn more about how this bootstrapped startup is planning to replace the incumbents.
How to raise capital in Silicon Valley from VCs
Read More

How Can Israeli Startups Raise Funding in Silicon Valley?

VC investors rely heavily on referrals, but what should a non US startup do when looking to raise funding in Silicon Valley? I found a question on Quora that relates to European startups, but found that some of the advice may be very relevant to Israeli startups as well. How best can European startups land VC funding in the US / Sillicon Valley?
Total
0
Share