News Brief

WebCollage Secures $10 Million In New Financing

New York-based WebCollage, a content exchange for manufacturers and their business partners, has secured $10 million in new financing. This round was led by new investor Greylock Partners Israel with participation from existing investors Sierra Ventures, Cedar Fund and Gilde IT Fund, and brings the total investment in the company to more than $45 million. WebCollage will use the capital to accelerate the development of its on-demand service and to expand globally. With this new investment, Yoram Snir will join WebCollage's Board of Directors and Laurel Bowden, a London-based partner with Greylock Partners Israel, will help guide WebCollage's European expansion.

--Tanya Irwin

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