• 11 Nov 2015

    Perfecto Raises $35 Million and Adds New Investor Technology Crossover Ventures to Fuel Continuous Quality for Digital Experiences

    New round of funding, strengthened executive management team, and strong product development propels the company into next phase of strategic growth

    Boston, MA – Perfecto Mobile, the leader in enabling high-quality digital and mobile experiences for enterprises, today announced it has raised a $35 million investment from new investor Technology Crossover Ventures (TCV), with continued participation from existing investors FTV Capital, Carmel Ventures, Globespan Capital Partners and Vertex Ventures. The latest capital infusion will fuel the expansion of Perfecto’s product offerings, which address the need for enterprises to continuously test and monitor their mobile and digital user experiences on real devices under real end-user conditions.

    Along with a new round of investment, Perfecto has expanded its executive leadership team with the appointments of Rainer Gawlick as President and Ofer Karp as Senior Vice President of Engineering. Perfecto is also expanding its geographical reach, opening new offices and data centers in Australia, China, Japan and Toronto, Canada.

    In today’s connected world, consumer expectations rise as innovation evolves, making a digital engagement strategy critical to enterprise business success. Perfecto is solving a major pain point in the digital and mobile quality markets with the ability to continuously improve the quality of such interactions. Uniquely, Perfecto’s offering, the Continuous Quality Lab™, gives users access to a cloud-based test lab, complete with automated test scenarios that account for real user conditions across real devices. In fact, the company is currently working with nine of the 10 most valuable brands, as listed in the 2015 BrandZ™ Top 100 Most Valuable Global Brands, released by WPP and Millward Brown.

    “Increasingly, digital engagement is the way brands directly interact with customers, and as a result, those interactions are having a significantly greater impact on business success. As the pressure to meet customer expectations rises, so does ensuring the quality of each digital experience, especially across mobile channels,” said John Doran, Principal at TCV. ;“With Perfecto’s strong leadership, cloud-based technology, and market vision for superior digital and mobile engagement, we believe the company will achieve breakout growth in the quality market.”

    “Customers now expect and depend on high-quality digital experiences when interacting with brands via the Web, mobile apps and IoT devices,” said Eran Yaniv, CEO of Perfecto. “Perfecto has developed leading solutions that help enterprises deliver high-quality digital experiences via our Continuous Quality Lab. I am excited about the partnership with TCV and look forward to working together in growing Perfecto’s global presence, expanding our quality offerings and positioning Perfecto for continued growth and innovation.”

    In the past year, Perfecto has rapidly grown and reached a number of milestones. From a product perspective, Perfecto recently launched the Wind Tunnel™, enabling automated testing against real user conditions, and reports that over 1.2 million tests run monthly in its Continuous Quality Lab™. The company has doubled its workforce this year with high growth projections for next year. Its customer base has rapidly grown in the past year to include leading brands like Discover, Weather.com and Sky and is seeing record expansion within existing customers.

    About Perfecto
    Perfecto enables exceptional digital experiences. We help you transform your business and strengthen every digital interaction with a quality-first approach to creating web and native apps, through a cloud-based test environment called theContinuous Quality Lab™. More than 1,500 customers, including 50% of the Fortune 500 across the banking, insurance, retail, telecommunications and media industries rely on Perfecto to deliver optimal mobile app functionality and end user experiences, ensuring their brand’s reputation, establishing loyal customers, and continually attracting new users. For more information about Perfecto, visitwww.perfectomobile.com, join our community, or follow us on Twitter at @PerfectoMobile.

  • 04 Nov 2015

    Payoneer Selected by Amazon to Expand Cross-Border Payment Options in Select Countries

    Expanding cross-border payment possibilities for sellers in 24 countries allows Amazon to improve customer experience and drive global expansion

    New York City – November 4, 2015 – Payoneer Inc., a leading online payments company transforming the way businesses send and receive cross-border payments, has been selected by Amazon to expand cross-border payment options to sellers from 24 countries1 who sell on marketplaces in the U.S., Spain, France, Italy, Germany and U.K. As a featured payment solution for select countries within Amazon Seller Central, Payoneer provides a simple and convenient way for sellers from top markets including China, Japan and South Korea to receive their Amazon disbursements.  

    In cooperation with Payoneer, Amazon now allows sellers to sign up for Payoneer directly from Amazon Seller Central. Upon Payoneer registration, sellers receive online accounts that can collect Amazon disbursements, and that provide access to these disbursements through local bank account withdrawal or through the use of a Payoneer MasterCard®.  This alliance marks the first time that Amazon has expanded Seller Central cross-border payment capabilities through alliance with an external payment solution.

    “We’re very excited to work with Amazon and support the needs of the rapidly growing cross-border e-tailing community by providing efficient and easy payments,” said Scott Galit, CEO of Payoneer. “Amazon is the driving force in empowering the world of ecommerce by connecting buyers and sellers from all over the world. Today, marks yet another step in our mission to streamline every step of the payment cycle for both marketplaces and sellers.”

    Projections* show that eCommerce sales will reach $3.5 trillion within the next five years (12.4 percent of total retail sales) as more people around the world come online. With sellers in more than 100 countries, Amazon continues to remove barriers for its international sellers, enabling them to get paid locally as they grow their businesses worldwide.

    Amazon sellers can get more information about Payoneer’s payments solution, as well as a payments tutorial, on the Payoneer blog: blog.payoneer.com.

    About Payoneer
    Payoneer empowers global commerce by connecting businesses, professionals, countries and currencies with its innovative cross-border payments platform. In today’s borderless digital world, Payoneer enables millions of businesses and professionals from more than 200 countries to reach new audiences by facilitating seamless, cross-border payments. Additionally, thousands of leading corporations including Amazon, Google, Airbnb, UpWork and Getty Images rely on Payoneer’s mass payout services.

    With Payoneer’s fast, flexible, secure and low-cost solutions, businesses and professionals in both developed and emerging markets can now pay and get paid globally as easily as they do locally. Founded in 2005 and based in New York, Payoneer is venture-backed, profitable and ranked in the top 100 of Inc. 5000’s Financial Services companies. 

  • 22 Oct 2015

    Worthy Raises $8M in B Round led by Carmel Ventures

    NEW YORK, October 22, 2015 – Worthy (www.worthy.com), the premier online marketplace for pre-owned luxury goods, has raised $8 million in a Series B funding round led by Carmel Ventures (Carmel Ventures), a member of the Viola Group.

    As part of the investment, Carmel's co-founder, Mr. Shlomo Dovrat, joined Worthy’s board of directors. Other investors in the current round include previous investors such as Dr. Meir Barel, the founder of Star Ventures, and Mr. Eddy Shalev, a Worthy board member and the founder of Genesis Ventures. Proceeds of the funding round will be used to expand its marketplace presence across the U.S. as well as towards product innovation. Worthy, founded in 2012, previously raised over $8.5 million.

    Shlomo Dovrat, co-founder and general partner of Carmel Ventures said“We believe there is a significant opportunity in ‘Re-commerce’ for privately owned high value jewelry. Consumers who own high valued jewelry, diamonds, watches and other luxury valuables do not have a fair and convenient alternative to sell them. As a true marketplace, Worthy brings significant value not only to the sellers but also to its buyers, who can buy well-described and professionally authenticated items directly from the public. We at Carmel are committed to invest in companies that aim to transform large markets and we are excited about Worthy’s vision, team and potential. We look forward to work with Worthy’s team and will actively support them as they expand the business.”

    “U.S. households constitute, in effect, the single biggest diamond mine in the world, with over $1 trillion worth of polished diamonds. Any individual who owns a diamond is a stakeholder of this mine. It is estimated that there are only 50 more years’ worth of new gem quality diamonds worthy of excavations. The future of diamonds lays with recycling already-mined diamonds and repurposing them,” said Ben De-Kalo, founder and CEO of Worthy. “We provide businesses with direct and trusted access to the significant supply households present, including unique pieces that add a luxury flavor to their showcase.”

    Mr. De-Kalo concluded “Worthy aims to transform a very large market. We are grateful for the trust by Carmel Ventures, a world class firm and are excited to be working with Shlomo Dovrat to build a category leader.”

    Founded by Mr. De-Kalo, Worthy is the fastest growing on-line marketplace for the selling and buying of pre-owned luxury goods, such as diamond jewelry, colored stones and high-end timepieces. The platform has processed thousands of items and powered over $90 million worth of estimated merchandise since its launch and continues to enjoy very high growth.

    Over the last year, Worthy expanded its operations including the build-out of its New York headquarters with the upgrading its grading labs as well as investment in its operational and technology infrastructure. Significant hires have included Peter C. Schneirla, president; Gil Gadot, COO; and its new head of evaluations, Roy Albers, formerly the head of evaluations at Tiffany & Co. The company employs 40 people and is planning to grow by 50 percent in the coming year.

    About Worthy
    Worthy (www.worthy.com) is a secure online and secure marketplace for pre-owned luxury goods including diamonds, brand-named watches, jewelry, gemstones and precious metals. The company has developed an unbiased selling platform providing private sellers with the safest and quickest way to auction high-value items to a market of committed buyers and receive the best market value. By making the process simple and conducting guaranteed item grading, Worthy makes it easy for pre-approved buyers to enjoy a steady stream of deals suited to their business needs. Worthy is headquartered in New York City with an R&D facility in Israel.

  • 24 Nov 2015

    RT @Outbrain: Thanks for the shoutout @NeilPatel re. 6 Content Strategies That’ll Help Acquire More Organic Traffic: https://t.co/8KdxzsfcVz
  • 23 Nov 2015

    RT @Payoneer: Proud to be on Deloitte's Technology #Fast500 for the fourth year in a row! https://t.co/wRcfCqtjP6 https://t.co/YgnLp2BZFE
  • 21 Nov 2015

    RT @PyramidAnalytic: Combine @SQLServer & @Pyramidanalytic for BI at highest-scale for large orgs says @AmirNetz https://t.co/gNLKt5PPPZ ht…

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Carmel Ventures is a venture capital firm, empowering early stage start-ups to become category leaders 

Founded in 2000, Carmel Ventures is managing over $800M across four funds. As Israel’s top tier VC firm, we invest in Israeli or Israeli related early stage companies and build global category leaders. Carmel invests across a number of key market segments including: software, new enterprise infrastructure, big data, digital media, consumer applications and semiconductors.

Our team approaches the investment as a proactive, hands-on endeavor. Carmel Ventures typically leads or co-leads investments and take an active role on the Board of Directors while keeping a low ratio of companies per partner. With strong M&A and IPO experience, the Carmel team has backed a disproportional share of Israel’s category leaders that generate over $100M in annual revenues, including: Outbrain, ironSource, Payoneer, and more.

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