Alchemedia adds Autodesk, Hollinger Capital to 3rd financial round

The company raised $18.5 million at an estimated company value of $70 million, after money.

Start-up Alchemedia added Autodesk and Hollinger Capital to its third financial round, in which it raised $18.5 million at an estimated $70 million, after money.

Hollinger Capital is the controlling interest in The Jerusalem Post daily and Jerusalem Report biweekly magazine, as well as 380 publications in the US, UK and Canada.

Autodesk is a veteran international design information software company. It is one of the world’s largest software companies, listed on Nasdaq at a market value of $1.6 billion.

Alchemedia develops technology that protects digital pictures from copying or printing, enabling e-commerce and information companies to present information while protecting their commercial interests such as copyrights.

Other investors in this financial round are the Carlyle group, Israel Seed Partners, and the Entertainment Media Ventures fund. STI Ventures, controlled by Benny Steinmetz, has also invested in the company.

Published by Israel's Business Arena on ‎11‎ December‎ 2000

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