Globes is an online publication devoted to coverage of Israeli businesses, with subscribers working in business management, investment, technology, law, accounting, and marketing. The editors of the online magazine evaluated dozens of new start-up companies in Israel and named MyHeritage as the most promising Israeli start-up for 2013-14.
Note: MyHeritage is also the exclusive sponsor of this newsletter.The announcement was made at the "Globes"-Ernst & Young Journey Conference in Tel Aviv. Quoting from the announcement:
MyHeritage's core product is a program for creating family trees. "We focused on offering tools for free in a wide range of languages. This gave us a foothold," says MyHeritage CEO Gilad Japhet [shown to the right]. "It went viral, when you invited new people and relatives to the process of building a family tree."You can read the entire English-language version of the announcement at http://goo.gl/qMhRtW.
Japhet founded MyHertage in 2005. It has raised $49 million to date from Bessemer Venture Partners, Index Ventures, Accel Partners and other investors.
MyHeritage has since expanded into the collation, collection, and digitalization of historic documents, such as old newspapers, birth and marriage certificates, and more. "This is an untapped source of information, which supplements what people know. It's accelerated in recent years, as archives around the world digitalized and go online. We've set the goal of being the leading global website, and we established a large unit in Utah to focus on this issue, in collaboration with countries and organizations, such as newspapers," says Japhet.