Localize raises $25 million Series C amid founder turmoil
The Israeli startup has developed a data and AI-driven platform that is combined with human experience to help buyers and brokers in the real estate market
Startup Localize, which operates in Israel under the name of Madlan, has announced a Series C round of $25 million. Two of the Israeli company’s founders, Amir Winstok and current CEO Asaf Rubin, are currently embroiled in a court case, with Winstok claiming that he has been pushed out of the company and was exposed to “chaotic and weird conduct in board meetings.” Rubin, on the other hand, claims that Winstok is trying to blackmail Madlan shareholders and has asked the court to reject the lawsuit.
Localize was founded in 2012 and today has 130 employees, 100 in Israel and the rest in New York and Kiev.