Upround Ventures Bridges Series A Chasm
for Technology Startups; Engages Global Network of Investors
Announces First Series A/B Mentor Exchange and Upcoming Innovation Summit
Tel Aviv, Israel – May 7, 2014 – Upround Ventures today made its public debut, announcing its unique value proposition, new Mentor Exchange and Innovation Summit to be held on May 19th in Israel. Upround Ventures targets the gaps that exist after startups graduate accelerator programs or are initially funded with crowdfunding or angel sources. The firm engages qualified Israeli-based technology startups with a broad spectrum of financial and strategic capital from Europe, Asia, The United States, and Russia, helping to build relationships, create long-term value and grow networks worldwide.
“There is a chasm in the ecosystem today for Series A – the new Series B startups that are outside the Silicon Valley cocoon. Upround Ventures was launched based on feedback from both high-caliber entrepreneurs seeking more choices for capital globally, as well as investors in various parts of the world, who have been asking for smarter ways to reach new premium deal flow,” said Esther Loewy, founder and CEO, Upround Ventures. “It’s about democratizing the playing field and providing a continuum of process, funding and guidance.”
With an estimated 375 startups per million inhabitants, versus 190 in America, Israel is now the most likely place for people to start a tech firm, states a recent Economist article featuring a World Startup Report. Upround Ventures has already begun to identify and cultivate the game-changing technologies born in this region, then pair promising entrepreneurs with a network of VCs and other strategic investors who can fuel their sustained growth, and in turn, a thriving innovation economy globally.
Series A/B Mentor Exchange
A first-of-its-kind, Upround Venture’s Series A/B Mentor Exchange offers a network of experienced serial entrepreneurs and veteran executives to guide innovative early-stage technology companies in getting to the next stage. Mentors include Bruce Haymes of Nielsen, Ornit Shinar of Citi, Zohar Levkovitz of Amobee, and Ben Enosh of Plymedia, among others, who bring expertise spanning sales and marketing to financing and patents, to qualified post-seed-stage companies in the Network. The Mentor Exchange is the first of several initiatives to be kicked off this year that further reinforce the value proposition for Series-A-ready startups, as well as partners and investors.
“After startups graduate from incubators and accelerators they are often left in a ‘black hole’ without the support or expert advice they had while incubating. Upround’s Mentor Exchange provides entrepreneurs with an added edge at this critical stage; expert resources needed to hone their product, gain traction, build awareness, and network with global investors and partners,” commented Stephan Paternot, CEO of Slated, Inc. and Advisor to Upround Ventures.
Upround Innovation Summit (Twitter #UproundSummit2014)
On May 19th, Upround Ventures will gather many of the world’s rising startups with global investors and corporate development executives looking for high-value, pre-screened companies.
To be held at IBM’s Innovation Center in Israel, the Upround Ventures Innovation Summit will feature:
• Globally renowned speakers from Silicon Valley, Hong Kong, France and other regions (see Agenda)
• The hottest technology startups in Israel, with innovations in mobile, media, big data, and Internet of Things, seeking strategic partnerships and global investment
• Active investors from the U.S., Europe and Asia, including Runa Capital, Benhamou Global Ventures, Alsop Louie, Culturecom Holdings, BMW i Ventures, Alcatel-Lucent, Honda, H-Farm & Orange Capital
• Sponsors and partners, including InvestHK, IBM, Herzog Fox & Neeman , Plymedia, CICC, TEICC, and StarTAU
Interested financial and strategic investors, startups, corporate development executives, sponsors, and press may register to attend, or apply to participate in, the Summit here.
About Upround Ventures
Upround Ventures was founded by Esther Loewy, most recently CEO of Bootcamp Ventures, to usher in a new era focused on helping startups address the Series A crunch. The firm engages premium, vetted startups with active, global investors to build relationships, create value and grow the global network. The Upround model provides quality startups with solid opportunities to succeed globally and become the next game changers. The overall service – the professionalism, care and high-touch involvement – are what closes quality deals. For more information about Upround and recent success stories, visit www.uproundventures.com or follow us on Twitter @UproundVentures
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