Israel’s Torii raises $10 million series A led by Wing Venture Capital
The SaaS management service startup founded by Houseparty’s head of product aims to expand its engineering and data science teams in Israel and commercial teams in the U.S.
Meir Orbach | 12:40 21.02.2021
Israel-based SaaS management service startup Torii Labs Ltd. has completed a $10 million series A financing round led by Wing Venture Capital together with the company's existing investors Entree Capital, Global Founders Capital, Scopus Ventures and Uncork Capital. In the wake of the investment, Wing VC Partner Jake Flomenberg will be joining Torii's board of directors. The company was founded in 2017 by Tal Bereznitskey, Uri Haramati, and Uri Nativ. Haramati, who serves as CEO, is also the Head of Product of social media network Houseparty, which rose to fame amid the Covid-19 pandemic. Torii employs 30 people, half of them in the company’s headquarters in the Tel Aviv suburb of Ra’anana and the rest in New York. The new capital brings the company’s total raised to date to $15 million.