Business
TechCare Announces Closing of $1.8 Million Funding
TechCare Announces Closing of $1.8 Million Funding.
About this update from Citrine Global Corp.
[{"type":"text","content":"\n\n\n\nTechCare Announces Closing of $1.8 Million Funding\n\n\n\n\n\nTechCare Announces Closing of $1.8 Million Funding\nPR Newswire\nNEW YORK, January 31, 2018\n\n\n\nNEW YORK, January 31, 2018 /PRNewswire/ --\n\nTechCare Corp. (OTCQB: TECR), a technology company with a revolutionary delivery platform that uses vapor technology for natural health, wellness and beauty treatments, today announced it has closed an $1.8 million round of funding.\n\nThe financing was a combination of existing investors and new investors, including:\n\n\nZvi Yemini - Chairman of TechCare and its largest shareholder. Mr. Yemini has long been a pioneer in tech and consumer goods, having founded ZAG Industries Ltd. (sold to Stanley Black & Decker), Polymer Logistics and Hydro Industries Ltd. With an MBA from Tel Aviv University and over 35 years' experience as an entrepreneur and business leader, his $400,000 is a follow-up investment.\n\nMarius Nacht - Chairman and co-founder of Check Point Software (NADSDAQ - CHKP), a multi-national cyber security giant. Nacht holds degrees in physics and mathematics from the Hebrew University of Jerusalem and in electrical engineering and communication systems from Tel Aviv University. His investment fund is focused on Israeli healthcare and wellness startups. His $400,000 is a follow up investment.\n\nRan Tuttnauer - CEO and owner of Tuttnauer, a company he transformed from a small local company to a global leader in sterilization and infection control, represented in 142 countries and employs 500 employees worldwide. Tuttnauer was recently acquired by Fortissimo Capital. Excited about TechCare's plans, his $500,000 is a new investment.\n\nCitrine Investment & Technology Holdings - An Israeli VC specializing in locating, improving, and investing in high-profile technology companies with potential for global market breakthrough. After careful analysis, Citrine has seen the potential in TechCare and committed $400,000 in a new investment.\n\nOren Traistman - Board Member of TechCare, and also a Partner in Egoz Finance and Shares Issuers Ltd., Mr. Traistaman has with over 15 years of investment management, underwriting and strategic consultancy. He is an Investor and Director in several corporations such as APX Ltd., Cathworks Ltd., Enox Ltd. His dedication to the project is backed up by a $50,000 follow-up in...