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  • Evergreen led a $1 million investment in Libox

    April 21st, 2008 No comments

    Evergreen has recently led a $1 million pre-seed financing round in Internet start-up Libox Ltd. The round was joined by private investor Eilon Tirosh and by Partam Tel Aviv Ltd. and Argonaut.

    Libox was founded by Erez Pilosof who is also the founder of the successful Israeli Internet portal Walla. Libox is developing a consumer facing media product. It is currently in stealth mode, more information will be available regarding the product as the company will release its beta product later this year.

    Erez Shachar, Managing Partner at Evergreen, who led the investment in Libox and who will sit on the company’s board, stated that: “Erez Pilosof is a serial entrepreneur and one of the most prominent entrepreneurs in the internet arena in Israel. Evergreen will continue to invest in early stage internet companies and will continue to foster and identify talents in this sector. In Libox we recognized a winning combination of an entrepreneur who has “done it”, a solid business model and a market with a huge growing potential.

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