Video files shared by Idomoo to raise $ 40 million in TASE IPO

Personal Israeli video as a service platform Idomoo has submitted a prospectus for an initial public offering (IPO) on the Tel Aviv Stock Exchange (TASE). Market sources believe that the company will try to raise between 30 and 40 million dollars with a valuation of 150 million dollars. The IPO is being jointly led by Diskton Capital Enterprises, Inc., with Orion Capital Market and Insurance. Related Articles Share Personal video Idomoo collects $ 18 million Idomoo was founded in 2007 by CEO Yaron Kalisz, Chief Technology Officer Danny Kalish and Vice President of Research and Development Assaf Fogel. The company has developed a SaaS model video platform, which allows users to produce and distribute custom videos that are produced in real time. According to the presentation, “Idomoo has created the best way for a company to talk to its customers in the digital world – with a video that’s personally adapted for everyone and produced in real time.” The company’s clients include Google, JP Morgan, Oracle and Fidelity with financing being its primary target area, accounting for 42% of its revenue in 2020. Yaron and Danny Kalish are brothers Rami Kallish, co-founder and director of Pitango Venture Capital. He has invested in the company and is Chairman of the Board of Directors. Other investors include Chemi Peres, who is also a founding partner and director of Pitango, which holds a 3.1% stake in the company. Ohad Finkelstein and Yuval Shahar’s Marker Fund own a 10.7% stake, while the Tal Barnoach Disruptive Fund VC owns a 17.6% stake. To date, Idomoo has raised $ 40 million in four funding rounds. The company generated revenues of $ 8.7 million in 2020, up 4.3% from 2019. Last year, research and development expenditures rose 29.5% to $ 4 million, management expenses 36.6% to $ 2.3 million, while sales and marketing expenses decreased 6.7% to 5.7 million. Dollars. Operating loss was $ 5.1 million, compared to $ 4.1 million in 2019. CEO compensation in 2020 was $ 1.8 million for the top five managers, including $ 468,000 for CEO Yaron Kalisz. Posted by Globes, Israel business news – en.globes.co.il – April 22, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021