The cellular applications company is about to close its $5 million second financing round.
Sources inform ''Globes'' that Ayeca is about to close its $5 million second financing round. The start-up develops cellular applications technologies.
The company has closed an initial $1-1.5 million. The investment was led by Israel Seed Partners, Anschutz Investment and Novell (Nasdaq:NOVL).
Ayeca president and CEO Doron Rosenblum confirmed the financing, but declined to disclose the amount. Israel Seed Partners general partner Michael Eisenberg said new investors would probably join in future investments that would increase the total round to $5 million.
Ayeca raised $3.5 million in its first financing round in November 2000. The company value for that round was not disclosed, but was estimated at $15 million, after money.
Ayeca develops technology cellular environment management applications and identification for current and next generation added value cellular services, such as m-commerce and personalized information services. The system allows cellular operators to efficiently manage customers and services.
Published by Israel's Business Arena on 31 March 2002