TEL AVIV, Israel, September 21, 2015 /PRNewswire/ --
iAngels, the only co-investment platform in Israel that enables private investors to gain access to exclusive early-stage opportunities by collaborating with Startup Nation's leading angels, announced today that portfolio company Big Blue Parrot has been acquired by mobile gaming giant Playtika. The social gaming platform is the first iAngels investment to return capital to its shareholders, less than a year after the initial investment.
"Co-investing with Israel's smartest investors means we're investing in the highest quality entrepreneurs Israel has ever seen," said Mor Assia, Founding Partner at iAngels. "We knew from our first conversations with Big Blue Parrot that the team and platform would make for an attractive acquisition target."
Big Blue Parrot was founded in 2010 by Gilad Almog, Gal Weizenberg and Daniel Rechter. After reaching initial traction, Big Blue Parrot went on to raise $2.5M from Gigi Levy, Rami Lipman, Haim Blecher, and iAngels to grow its user base and enhance the platform.
"iAngels provided us with counsel and content regarding messaging, positioning, and deal structure," remarked Gilad Almog, CEO of Big Blue Parrot. "It was a pleasure working with the iAngels team and I tell any startup who comes to me for fundraising advice to approach iAngels"
Playtika's acquisition of Big Blue Parrot marks yet another exit for Israel's most prolific angel Gigi Levy.
"This joint exit is just the tip of the iceberg," added Gigi Levy, iAngels advisor. "The quality of the deal flow and the level of talent in Israel is already on a par with the Silicon Valley and keeps improving every year. Furthermore, the number of corporate and strategic investors competing for Israeli companies is growing rapidly and globally. iAngels' unique position in the Israeli ecosystem provides our investors with a front row seat in what will be some of the most exciting liquidity events in the next five years."
iAngels continues to expand as it approaches its second year anniversary with 15 employees and 27 investments. The company recently announced the hiring of former Vice President of Investment Banking at JP Morgan, Darya Fuks, to oversee the portfolio.
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iAngels is an angel investing equity crowdfunding platform that provides accredited investors around the world access to exclusive deals backed by Israel's top performing early-stage investors under identical terms. iAngels founders Mor Assia and Shelly Hod Moyal leverage analytics, visibility and relationships with angels and entrepreneurs to open a closed network of professional investors to the investing public. By combining the proven experience of professional angel investors with due diligence and analysis, iAngels offers investors the most attractive early-stage investment opportunities in "Startup Nation." For more information, please visit http://www.iangels.co.