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For the unfamiliar, Genesis Partners portfolio companies have been acquired by the likes of Apple, IBM, Microsoft and Sapiens over the past decade, and have gone public on the Nasdaq exchange in the U.S. as well.Some that may be familiar to U.S. tech professi
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onals include the 3D sensing company PrimeSense which Apple acquired for
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a reported $360 million, and a newer startup called Seebo that helps corporations operati
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ng outside of tech, especially toy companies, to create smart, internet-connected products.While Genesis Partners was a $600 million fund for growth-stage deals, F2 Capital, founded by Eddy Shalev, Jonathan Jonny Saacks and Barak Rabinowitz, is in the midst of closing a $50 million debut fund to back seed stage companies.Limited partners in F2 are mostly family funds based in Israel, the U.S. and Australia, Rabinowitz told TechCrunch.The newly spun out firm is taking over the management of an accelerator program that was also started by Genesis Partners called The Junct Lbdt 12 KPIs you must know before pitching your startup
Schliesser says that the two companies were both profitable before the acquisition, and that they& 821
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7;re both still at an early stage of growth. We ;ll be disappointed if we only make $10 million in revenue this year, he said.Although both TabTale and Kids Games Club are focused on a young audience, the two are actually complementary: TabTale, as its name implies, focuses largely on tablet apps and stories, while Kids Games Club makes you guessed it lots of games and educational interactive content, largely designed for smartphones.Both are mainly focused
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on iOS apps, although TabTale newer business on the Android platform, Schliesser says, will reach 5 million downloads this year. Similarly, although up to now both have been mainly aimed at apps for under-12s, now they are looking to extend that to users in the 12-18 year old bracket. The idea is to follow the
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ir users as they get older but and to try to keep our DNA via things like &