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.