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Naftali Bennett could earn $600,000 from Soluto exit

30 Oct, 2013 16:35
שלח תגובה במיילRoy Goldenberg

Minister of Economy Naftali Bennett served as Soluto's CEO for three months in 2009.

Minister of Economy Naftali Bennett, who was CEO of the company for three months in 2009, and other senior employees of Soluto could earn up to $600,000 each from the sale of the Tel Aviv start-up Soluto to Asurion Corp. for $100 million.

The company, which develops software to help people correct problems in Windows, has raised $20 million to date.

Bessemer Venture Partners, which will be the main beneficiary of the sale, is making $23 million, followed by Giza Venture Capital, which will make $19-20 million, Index Ventures , making $14-15 million, and Proxima Ventures Ltd. will make $11 million.

Dvir and Green, who left the company to found another start-up, will each make $10.5 million from the sale.

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