We are delighted to receive news that Soluto, the online software problem solver, has been bought by Asurion Corporation of the US for $100m. One of the co-founders of Soluto, Ishay Green, is the technical genius (alongside CEO Nadav Shoval) inside one of our most exciting recent investments, Spot.IM, the revolutionary new conversations network.
Soluto develops software to help people correct problems in Windows. Winner of the TechCrunch Disrupt prize in 2010, Soluto raised $20m from Giza Venture Capital, Bessemer Venture Partners, Index Ventures and individual investors including Michael Arrington and Google’s Eric Schmidt. Soluto was founded in 2008 and has 40 employees in Tel Aviv.
The sale of Soluto represents Ishay’s second entrepreneurial success: his first company – data protection specialist, Onigma – was acquired by McAfee in 2006 for $20m. Ishay is now wholly focused on Spot.IM which will be launching on two continents in Q4 2013. Spot.IM, which ran a hugely successful beta in Israel this summer, aims to become the ‘Youtube of chat’ allowing any individual or organisation to host dynamic conversation forums, enabling people to meet new friends and colleagues in a relevant context. We believe that Spot.IM will become one of the most viral social networks in the world, allowing users to browse profiles, date, network and make new friends.
D5 Capital’s ‘Enterprise 5 Club’ participated in a $1.2m Series A round in Spot.IM in Q2 2013.