Nexperience Raised $2.9M from Vertex Venture Capital1
Carmel and Vertex co-lead $6.65 Million A Round
Petach Tikva, Israel - September 19, 2007: Nexperience, an Israeli company developing a testing and management solution that automates mobile handset end-user activities and validates the user experience on actual handsets, announced today that it has raised $2.9 million from Vertex Venture Capital. The funds will be used to accelerate the Nexperience market activity and to address the very important mobile media and application segment. Carmel Ventures invested $3.75 million in Nexperience, following a successful Pre Seed program.
The Nexperience platform dramatically reduces the time and complexity involved in the roll out and adoption of mobile services. The Nexperience system allows mobile operators, handset vendors, application developers and content providers to validate the user experience of their devices and services through a sophisticated automation and remote access system operating on actual handsets in their target network. The unique ScriptOnce technology (patent pending) developed by Nexperience, enables the creation of high level test procedures which can be executed on any handset without any adaptation. Utilizing the Nexperience system, operators can realize a sizeable reduction in time to market when launching new handsets and services, significantly streamlining these processes. The mobile operators’ eco-system (content providers, application developers, handset vendors) can in turn enjoy increased efficiency of its quality assurance, porting and monitoring processes utilizing the automation and remote access capabilities of the system. Nexperience provides the mobile operator with a user-centric testing and monitoring solution and acts as a testing and monitoring clearing house for the operators’ eco-system.
Eran Yaniv, CEO of Nexperience says, “We are very happy with the addition of Vertex as an investor in our Company and are pleased to be able to tap into their proven expertise in the mobile space and strong international LP base. Vertex provides not only financial support, but also enhances our executive team. Ehud Levy, who brings specific domain knowledge from his previous ventures, will be joining our board of directors.”
Ehud Levy, Managing Partner at Vertex Venture Capital says, ““Nexperience’s potential is huge as it solves one of the most significant problems of mobile content today. The market is growing very rapidly as more and more global media players are delivering their content and services to the “third screen”, that is, mobile handsets. The Nexperience solution allows these players to accelerate their penetration pace and to reach more subscribers with more services in more territories. We strongly believe that the experienced management team with its proven track record will lead the company to become a top-tier player in the industry.”
Nexperience was founded in 2006 by Yoram Mizrachi, Jacky Allal and Eran Yaniv, , to offer a new approach for testing and monitoring mobile handset operation and user experience. Nexperience is based out of Israel, has 23 employees, a local presence in several European countries and is launching its first commercial system this year. For more information: http://www.nexperience.com
About Vertex Venture Capital
Vertex Venture Capital is a unique top-tier Israeli VC with a strong international investor base, an experienced multi-disciplinary team of professionals and an impressive track record of exits through M&A and IPO. Vertex provides unparalleled possibilities for companies in facilitating potential growth, business opportunities and leveraging synergies throughout Israel, Europe, USA, Japan and Asia. Vertex invests in Israeli and Israel-related companies in early stages of development in information networking and communications systems, software and components, digital media and enterprise software. For more information: http://www.VertexVC.com
About Carmel Ventures
Founded in 2000 by pioneers and leaders of the Israeli high tech industry, Carmel Ventures, with $372 million under management, is one of Israel’s leading venture capital funds focused on information technology investments. Led by former entrepreneurs and executives of the software, communications and investment industries, Carmel provides active, hands-on support to its portfolio companies. Carmel headquartered in Herzliya, Israel enjoys a worldwide network of industry, strategic and investment resources. Carmel provides significant capital and support through the growth cycle of its portfolio companies and is recognized as a true company building fund in Israel. For more information, please visit www.carmelventures.com.