E-Commerce video company, WebyClip, raises $4.2m

Israeli startup WebyClip, which is developing technology to match video clips with products, raised $4.2 million from existing investors Magma Venture Partners, Vertex, Yaron Carni’s Maverick Ventures, and angel investor Amit Gilon, bringing the company’s total funds raised to $5 million. The company said that the funds will be used to expand the company’s development and sales departments. Company founder and CEO Ariel Shemesh said on the completion of the fundraising round, “The automatic integration of videos that help buyers make the best purchase decisions for their needs will become standard in the e-commerce industry in the coming years. We are happy that such a respected group of investors believes in us, and is convinced that together we will continue to be the leading company in the world in this field”.

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