DFJ Invests $7 Million in Stealth Startup Zon networks

 

Ofer Vilenski & Derry Shribman, the two entrepreneurs who previously sold Jungo to NDS Group for $108 million in 2006 go at it again. 

Founded only 6 months ago, Zon networks (temporary name) prefers to completely fly under the radar even after announcing the $7 million round led by Draper Fischer Jurvetson (original backer of Hotmail and Skype), Israeli VC funds Tamir Fishman Venture Capital and Megama as well as Trilogy Partnership – a Seattle-based fund that handles the money of former Microsoft and AT&T executives. 

The company is keeping a low profile but in interviews to the Israeli media DFJ commented that Zon will change the internet in the same way Skype changed VOIP. Founders revealed that the product is still a theoretical idea, but it will be aimed at the end user and it will leverage communication components of Windows operating system. The co-founder added that if all goes according to plan, the first product will be on the market in early 2009.

Zon is headquartered in Tel Aviv and currently has a head-count of 20. The company is looking to double in size in the coming months and it is looking for product development talent, particularly in telecommunications and Internet protocols.

 

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

Comments are closed.

Previous Article

Israeli Startups Get Funded, But Fight To Prevail

Next Article

Virtualization is "Xeround" The Corner With An Extra $16 Million

Related Posts
IgniteAd bid management logo
Read More

ignitad Announced A Round of $2 Million and New “Hedge Fund” for Display Ads [Interview]

"In the online advertising industry there is never a dull moment", told me Assaf Roth the founder of IgnitAd. Indeed, this early stage startup has a lot going on. On Wednesday this week, the company announced a its first round of funding of $2 million, led by DFJ Tamir Fishman Ventures and JVP Media Labs.
Total
0
Share