News
  • Carmel Ventures | 01 Jul 2015

    Splacer Raises $1.4M In Seed Round Of Financing and Expands To NYC

    The platform for connecting venue owners with event hosts brings its underlying  philosophy of local sharing and inspirational experiences to the Big Apple

    NEW YORK -- July 1, 2015 -- Splacer (www.splacer.co), an online marketplace for people to list, discover, and book short-term event spaces, announced today that it has raised $1.4 million in a seed round of financing led by Carmel Ventures with participation from a consortium of angel investors. In addition, Splacer is announcing the beta launch of its platform in New York City, allowing both commercial and residential property owners to list and showcase their spaces to the community. Founded in Tel Aviv, Israel, by female architects, Lihi Gerstner and Adi Biran, along with CTO, Lior Ash, Splacer aims to redefine the way we think about the design, ownership, and utility of urban spaces.

     “We envision a sustainable world where spaces never go to waste,” said Adi Biran, co-founder and CEO of Splacer. “We believe people should better utilize and share spaces, especially in a wonderfully diverse city like New York. Spaces with great design possess the power to inspire new experiences and we’re excited to launch our platform for the local community to discover and access these special properties.”

    Splacer connects owners of one-of-a-kind spaces with people looking to create all kinds of event experiences including social gatherings, workshops, photoshoots, exhibitions, pop-ups, off-sites, and more. Unlike other event space marketplaces, Splacer features both commercial and private spaces that  are not necessarily designated for events. These spaces can range from local galleries and art studios to apartment lofts, urban gardens, and industrial warehouses.

     “Splacer is enabling people to create events in the most unconventional locations. The idea that spaces are dynamic is an interesting one, and we certainly believe in Splacer’s community-focused approach,” said Daniel Cohen, General Partner at Carmel Ventures. “The sharing economy has redefined how we work and travel; it’s about time the event industry embraced this new model.”

    With the goal of filling inspiring spaces with creative events, Splacer gives owners an opportunity to earn extra income when their spaces are not in use. Furthermore, event hosts will now have access to unique spaces that were previously unavailable, by the hour or day, and can browse listings by the type of activity, location, size, vibe, price, and user reviews.

    To ensure only the best venues are listed on the platform, Splacer screens every listing using local scouts and affiliates along with real estate brokers, interior designers, and photographers. Splacer is a place to find for more than just spaces. Users can search for creative production services and concierge services on the platform, making Splacer a one-stop marketplace for all event-related needs.

    About Splacer
    Splacer was co-founded by Adi Biran, Lihi Gerstner and Lior Ash with a vision of redefining ownership and the way commercial and residential spaces are utilized in big cities. Lihi and Adi, who are Columbia University architecture graduates, have long been passionate about developing sustainable cities that are rich with design and built upon the philosophies of sharing and co-ownership. The team launched Splacer in the fall of 2014 as an online marketplace for people to list, discover, and book short-term event spaces.


  • Carmel Ventures | 25 Jun 2015

    Redis Labs Closes $15 Million in Series B Funding to Expand Reach to Large Enterprises

    Latest funding round will be used to meet tremendous enterprise demand for high-performance database use cases

     MOUNTAIN VIEW, CALIF. -- June. 25, 2015 -- Redis Labs announced today that it secured $15 million in Series B funding led by Bain Capital Ventures and Carmel Ventures, with participation from Silicon Valley Bank. This new round of funding comes in the wake of the company’s tremendous success with Redis Cloud, a service that has seen 116 percent growth in new paying customers over the last year. Many of the world’s fastest growing and new economy enterprises, including Hotel Tonight, Bleacher Report and Docker, are among the company’s 4,900 paying customers.

    Redis Labs has now raised a total of $28 million in funding to date and this new round will primarily be used to market and sell the company’s hybrid database offering, which is popular for use cases such as real-time analytics, fast transactions and caching. The company provides a fully-managed cloud service called Redis Cloud and downloadable enterprise software called Redis Labs Enterprise Cluster (RLEC). Cutting-edge enterprises under increasing pressure to deliver high-performance applications turn to Redis Labs’ cloud or on-premises deployments to achieve blazing fast performance, high availability and seamless scalability.

     “Anyone who cares about application performance knows about Redis and its place among the fastest growing databases today,” said Ofer Bengal, CEO and co-founder of Redis Labs. “As a NoSQL database leader, we will use this latest infusion of funds to serve the high throughput and scalability needs of the modern enterprise world.”

     “DRAM is the new disk. Redis is unique among NoSQL databases in that it is an in-memory NoSQL database which runs 1,000 times faster than disk databases,” said Salil Deshpande, managing director at Bain Capital Ventures in his blog. “Redis Labs’ strategic investments in Redis on Flash makes this outstanding performance possible at up to 70 percent lower costs.”

     “We invested in Redis Labs in 2013 when we saw the emergence of several indicators of success: the maturation of NoSQL, the massive adoption of open source Redis, its exceptional, unchallenged performance, and Redis Labs’ unique intellectual property to broaden Redis into a general purpose database,” said Ronen Nir, general partner at Carmel Ventures. “We still feel that Redis Labs will be a leader not only in NoSQL databases, but in databases overall. Redis Labs has succeeded in harnessing the tremendous developer adoption of open source Redis, and the company’s strategic direction, technology and passion for customer success will take it far.”

    The company has made several announcements that demonstrate its dominant position in the enterprise NoSQL database space, including the results of a recent independent performance benchmark, which found that Redis Labs achieved more than double the throughput and half the latency of the closest NoSQL database solution.

    About Redis Labs- redislabs.com @redislabsinc

    Redis Labs , the commercial Redis provider, powers cutting edge applications with blazing fast enterprise-class Redis. ItsRedis Labs Enterprise Cluster andRedis Cloud solutions are trusted by thousands of developer and enterprise customers for high performance, infinite scalability, true high availability and best-in-class expertise. These solutions enhance popular Redis use cases such as real-time analytics, fast high-volume transactions, in-app social functionality, application job management and caching.

      Redis Labs is a leading commercial contributor to Redis, anopen-source, in-memory NoSQL database, benchmarked as the fastest database available today. Redis is ranked amongst the top three NoSQL databases by DB-engines, and was the twelfth most popular developer service in 2014, according to Stackshare.

      ###

    Media Contact:

    Cameron Peron
    Redis Labs

     415-930-9666

    cameron@redislabs.com

    Nolan Necoechea
    LEWIS PR for Redis Labs
    415-432-2452
    nolann@lewispr.com

      

  • Viola Partners | 18 Jun 2015

    Viola Group's Lumenis to be Acquired for $510 Million, $14.00 Per Share, in Cash

    YOKNEAM, Israel, June 18, 2015 (GLOBE NEWSWIRE) -- Lumenis Ltd. (Nasdaq:LMNS), the world's largest energy-based medical company for surgical, ophthalmology and aesthetic applications, announced today that it has signed a definitive agreement to be acquired by XIO Group for $14.00 per share in cash, for an aggregate purchase price of approximately $510 million.

    "This acquisition is a strong recognition and vote of confidence in Lumenis' achievements and its employees, and I am excited about the future prospects of Lumenis," said Tzipi Ozer-Armon, Chief Executive Officer. "Over the past 3 years we have managed to transform Lumenis into a strong, growing and profitable company. We have refocused our strategy, introduced new products, and tripled our EBITDA. Furthermore, we have created a very bright and promising future for Lumenis by building a robust pipeline of innovative products, a strong sales team in each region, and by enhancing our global brand recognition. I am confident that we will continue to thrive and reach new heights together with XIO Group."

    "We are excited about the announced transaction and the value created for Lumenis' shareholders," said Harel Beit-On, Chairman of the Board of Directors. "Over the last years, we had an opportunity to lead Lumenis through a strategic transformation into a valuable growing business with global appeal. We respect and appreciate the efforts of Lumenis management and employees and wish the company continued success."

    The prospective transaction is subject to customary closing conditions, including approval by Lumenis' shareholders and receipt of certain regulatory approvals, and is expected to close in September 2015. The Board of Directors of each of Lumenis and XIO Group has approved the transaction. The two largest shareholders of Lumenis, Viola Group and XT Hi-Tech Investments (1992) Ltd., which collectively own approximately 59% of the shares of Lumenis, have entered into a customary voting agreement with XIO Group.

    Goldman Sachs acted as the exclusive financial advisor to Lumenis in respect of this transaction. Morgan Stanley acted as the exclusive financial advisor to XIO Group.

    About XIO Group

    XIO Group is a global multi-billion dollar alternative investments firm with offices in London, Hong Kong and Shanghai. The company has a significant amount of committed capital in place for global transactions. The Group seeks to leverage its unique global network to provide growth for portfolio companies.

    About Lumenis

    Lumenis (Nasdaq:LMNS) is a global leader in the field of minimally-invasive clinical solutions for the Surgical, Ophthalmology and Aesthetic markets, and is a world-renowned expert in developing and commercializing innovative energy-based technologies, including Laser, Intense Pulsed Light (IPL) and Radio-Frequency (RF). For nearly 50 years, Lumenis' ground-breaking products have redefined medical treatments and have set numerous technological and clinical gold-standards. Lumenis has successfully created solutions for previously untreatable conditions, as well as designed advanced technologies that have revolutionized existing treatment methods in each and every one of the verticals we operate in. For more information visit: www.lumenis.com.

    Forward-Looking Statements

    Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include but are not limited to statements about the expected completion of the proposed transaction with the XIO Group and the timing thereof, the satisfaction or waiver of any conditions to the proposed transaction, anticipated benefits, growth opportunities and other events relating to the proposed transaction, the Company's plans, objectives and expectations for future operations, including its projected results of operations. Forward-looking statements are often characterized by the use of forward-looking terminology such as "may," "will," "expect," "anticipate," "estimate," "continue," "believe," "should," "intend," "plan," "project" or other similar words, but are not the only way these statements are identified. These forward-looking statements are based upon our management's current estimates and projections of future results or trends. Factors that could cause actual events, results, performance, circumstances or achievements to differ from such forward-looking statements include, but are not limited to, the following: (1) the Company may not be able to satisfy all of the conditions to the closing of the proposed transaction; (2) the proposed transaction may involve unexpected costs, liabilities or delays; (3) the Company's business may suffer as a result of uncertainty surrounding the proposed transaction and diversion of management attention on transaction related matters; (4) the outcome of any legal proceedings related to the proposed transaction; (5) the Company may be adversely affected by other economic, business, and/or competitive factors; (6) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; (7) difficulties in recognizing benefits of the proposed transaction; (8) the proposed transaction may disrupt current plans and operations and raise difficulties for employee retention; (9) impact of the transaction on relationships with customers, distributors and suppliers and (10) other risks to consummation of the transaction, including the risk that the transaction will not be consummated within the expected time period or at all. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including those risks discussed under the heading "Risk Factors" in our most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

    ADDITIONAL INFORMATION

    In connection with the proposed transaction, the Company intends to mail a notice, proxy statement and proxy card to its shareholders and furnish a copy of those materials to the SEC in a report on Form 6-K. Shareholders of the Company are urged to read the proxy statement and the other materials when they become available because they will contain important information about the proposed transaction and related matters. Shareholders are also urged to carefully read the proxy statement and other materials before making any voting or investment decision with respect to the proposed transaction. The proxy statement (when available) may be obtained for free at the SEC's website at www.sec.gov. In addition, the proxy statement will be available, without charge, at the Company's website at www.lumenis.com

    - See more at: http://globenewswire.com/news-release/2015/06/18/745553/10138928/en/Lumenis-to-be-Acquired-for-Approximately-510-Million-14-00-Per-Share-in-Cash.html#sthash.aaUzJeOs.dpuf

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About

Viola Group, with over $2 Billion under management, is Israel’s premier technology oriented private equity investment group.

Viola Group aims to provide long term, world-class returns by identifying and pursuing attractive investment strategies in the vibrant Israeli technology and industry market. Viola Group is comprised of focused separate independent best of class partnerships including Carmel Ventures – a top tier Venture Capital fund; Viola Credit – a leading equity-based lending fund; Viola Private Equity – technology focused growth capital and buyout fund; and Viola Partners – an exclusive investment fund mainly for private investors. Each partnership operates independently while enjoying access to market and technology research and insights, global tier-one investors, superior investment opportunities, a global industrial network, and access to leading management and investment talent.The partnerships identify, partner with and actively support leading entrepreneurs and high potential, growth-oriented enterprises and investment funds.

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