Israel’s BeeContact Raises $6 Million From IPO

Here is the first Israeli mobile content provider to go public. BeeContact, an Israeli developer and distributor of premium mobile content, recently raised $6 million from an IPO led by Clal Underwriters, Poalim, I.B.I and Cybele Holdings, which served as the IPO consultant. BeeContact is managed and owned by Eran Fefer, Tomer Maaravi and Isaac Israel. Last year, it ventured abroad and set up operations in Sao Paulo, Brazil. It also sells mobile content directly through its portal Ziggit.

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