Koolanoo Group raises $25M

I don't write enough about Koolanoo Group, which has emerged as our flagship Internet company. But as they say around here, when there's the occasion for a celebration, go for it.

Our big congratulations go to Koolanoo Group and CEO Oded Kobo for closing the company's latest financing round. Koolanoo raised $25M and brought in a significant new international investor.

Koolanoo Group operates 360Quan which has emerged as one of the most significant players in the growing Chinese social networking space. It is fast becoming the most popular social network for Chinese teens offering them everything from blogs to music to dating. It has also recently launched IQ, a new Chinese Internet browser.

Koolanoo plans to use its latest financing to venture into a number of new media ventures such as mail, mobile, and television.

It's been an interesting ride so far. When we saw them first, nearly two years ago, Koolanoo was a couple of guys with an idea. Today it's an international company with headquarters in Herzliya and a large team in Beijing. We wish them the best of luck.

Comments

[Daniella]

I don't understand...doesn't china have restrictions on web content? how doeskoolano handle that?

[avy]

360Quan is very nice social network in china.

[999999Peter]

I had no idea 360quan was doing that well, but the I guess no one invests $25million without a certain level of success.

what is this IQ? how do i find more about this ?

[anonymous]

i am not really sure they are doing that well, met oded and other people they, they are feeding everyone the say story that china is different china is different, but even when i checked china top 100 website, and they weren't there, they told me its because in china there is no data, so how can i trust that they really have 30 miliino users, also the 25 milion raise comes from giza, since they didn't want to cut down there shares there.

oded talks too much, and from my history when a guy talks too much its usually means he comes empty handed.

its important you to know i have no bad feelings for them, and i wish them sucess, but i don't like people are getting credit for nothing, my guess, this is a failure investing but lets hope i am wrong

[bill gate]

To the bozo who wrote the comment above.

BLOW ME !@

I got so much honey that the bee's envy me

success is a not a bitch, you are.

watch me shine you player hating small timer

[Ori Israely]

Simply to rectify the comment.

Koolanoo Group rasied $25Million USD from the QIA (Qatar Investment Authority). Giza did participate with an additional $1 Million USD, and a further Chinese investor group with another $1 Million USD which made the total amount raised in their last round $27 Million.

We are very pleased with the investment and growth.

I hope this clears things up before further messy writings are posted, not appreciated by the way.

Ori

[Zeev Holtzman]

I do not like junk on our company blogs, but success does bring an audience.

Simply to be fair about ODK, the Chairman of Shellanoo PE, 2C3I, Koolanoo Group. All in all, he single handedly managed to raise US $880 Million in capital/cash between all his companies, of which was raised during what is said to be the most distressed economic cycles in recent years. He has done this all in 2.5 years and is a young man of 34 years of age. If someone thinks that is not admirable or has comments about his companies or performance in China than I challenge their achievements in comparison to his, simple and plain.

Very few foreigners understand the China Internet or Telecom landscape and statistics is a major factor which does not exist in China. ODK is a proven success, he makes money in China and has done so for years and nothing speaks better than performance, which is measured in business by money.

In reference to Koolanoo Group portfolio companies in China, they are all run by Dan Brody CEO of Koolanoo Group. Who was previously Director of Goverment Relations of Motorola for China, and most recent prior to CEO of KG, was Director of Biz Dev for Google China. Mr. Kobo and Mr. Brody are both considered to be the most influential foreigners in the industry in China and regarded as experts in China and out. That is a fact.

I trust this clears things up and leaves room for clean and fair comments.

ZH

[ld]

Can I have contact info from Mr. Dan Brody?
Thx
if you know, pls send me one,

[Shuki]

check their website www.KGIM.com for contact info

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