Arnold Schwarzenegger: your Israeli seed investment just raised $8M

cellguideIsrael based CellGuide, designer and manufacturer of integrated GPS chips for mobile devices, has completed a second round of $8 million as reported by The Marker (Hebrew).

The round was led by Giza Venture Capital who was joined by CellGuide’s previous investors, GlenRock Israel, Cap Ventures and Evolution Securities.

Here’s where it gets interesting: among CellGuide’s private investors in the seed stage is “The Governator” of California, Arnold Schwarzenegger. According to Globes, the company was advised by Israeli investment consultancy LEAP Capital Advisors during the fund raising process. To date, CellGuide has raised a total of $23 million including the present round.

CellGuide develops a unique product that sets a new standard both in terms of performance and price, in comparison to conventional GPS chips. The company’s main line of products, the GPSense, uses proprietary, patented technology – “the result of many years of research & development, and product engineering”. Cellguide provides both hardware and software, as well as end-to-end integrated GPS infrastructure used for geo location of cell phones and cars for emergency and commercial purposes. It manages to deliver GPS services using low power consumption and offering a low price.

Founded in November 2000 by Israel Military Industry graduates former CEO Joseph Nir, CTO Baruch Shayevits and former R&D director Hanoch Cohen, CellGuide’s head count of 30 is currently led by CEO Ilan Levin, a private equity investment veteran, who assumed the role in 2003. CellGuide has OEM partnerships with semiconductor giants Motorola and Texas Instruments and among its clients are the Red Cross and the European Space Agency.

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

Overview: 16 Israeli companies at CES 2008 this week

Next Article

Exclusive Interview: Ten questions with the founder of TripTouch.com

Related Posts

Zeev Holtzman: Israeli VC is on the verge of collapse [but wait, there’s more]

Zeev Holtzman, founding partner of Giza Venture Capital and founding member of the Israel Venture Association (IVA), cautioned that “Israel’s venture capital and startup industry is heading for collapse. The industry, which is the economy’s growth engine, is liable to be irreversibly damaged", in a recent interview to the Venture Capital Journal
Read More

Israeli VC Funds Raised $793 Million in 2008

The capital available for investment now reaches $1 Billion, of which $400 million is intended for first investments in high-tech companies and the remainder reserved for follow-on investments. Forecasts for 2009 are pretty grim - IVC estimates only $300 million to be raised this year
startup office of billguard vc cafe post
Read More

Organization Sponsors Interns to Work at Israeli Tech Companies [guest post]

The TAMID Fellowship is a selective program that funds TAMID’s most promising student leaders for an eight-week internship and business immersion experience in Israel. For Israeli companies, the TAMID Fellowship is a boon. TAMID compensates the interns directly, and companies are not required to provide a wage.
Total
0
Share