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Another day, another Unicorn: Earnix lands $75M and a $2B valuation
Earnix combines AI with advanced analytics, enabling banks and insurance companies to present highly personalized offers with the right product at the right price at the right time. Idan Ben Tovim / 22 Feb 2021 • 2 min read
Earnix announced a $75 million Series D funding round on Sunday, but the more exciting and interesting news came with the company’s new post money valuation hitting a billion dollars. This means that we’re not in March yet, and we now have another Israeli company joining the growing Unicorn club. The investment was led by Insight Partners, with JVP (the main stakeholder), Israel Growth Partners, and Vintage Partners also participating in the round. Geektime found out that the round’s sum may still increase beyond the reported amount. The company
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Earnix has been around since 2001. Its headquarters are located in the Tel Aviv suburb of Givatayim and it currently employs 200 people in total, 150 of them in Israel and the rest in India, the US, UK, and Germany. Its most recent funding round was completed in 2017 when it raised $13.5 million from Jerusalem Venture Partners, Vintage Investment Partners, and Israel Growth Partners (IGP). Earnix had raised a total of $25 million prior to the latest announcement.
Jonathan Rosenbaum, Principal at Insight Partners, will be joining Earnix’s Board of Directors following Sunday’s announcement.
Earnix to become Israeli tech s newest unicorn with $75 million funding calcalistech.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from calcalistech.com Daily Mail and Mail on Sunday newspapers.