500 Startups has launched its first “distro bootcamp” in Israel in partnership with Google, Amazon AWS, Poalim Hi-Tech, Meitar and WeWork and has selected 9 B2B companies for its first cohort.
Distro Bootcamp is a selective 4 week education program specifically designed from the ground up to help pre-seed and seed stage companies develop a systematic approach to reach product market fit, and assist founders with sales, marketing and distribution.
The program is uncompromisingly focused on actionable training and taught by the 500 Startups in-house distribution team from San Francisco and London with 1-on-1 sessions with International and local entrepreneurs.
The program stems from and is a shorter, compact version of our Series A program that runs globally with 12 different locations since 2015.
Adam Benayoun, 500 Startups Israeli Venture Partner says:
“Israel is often praised for being home to the most startups and venture capital per capita, however while Israel has produced a great number of startups – many are still struggling to reach product market fit. Marketing and distribution expertise is exactly what we are hoping to bring to Israel through the Distro Bootcamp to solve that problem.”
Startups in the bootcamp will have access to the distribution team and 500 Startups’ large network of mentors and partners to monitor their progress. Additionally, each company is given $25k in funding earmarked for marketing experiment in exchange for 1% of the company.
Maya Gura – CEO and co-founder at MissBeez (a 500 Startups portfolio company) says:
“My experience with Adam and the team at 500 Startups was very unusual as it’s rare to meet investors who are so hands on and proactively work to help entrepreneurs. Their expertise in growth, primarily for consumer oriented products like Missbeez, is essential for any startup to grow rapidly while constantly measuring and testing KPIs. As we expand from one major city to another and new verticals, we are capable to utilize these best practices to increase virality, liquidity, and gain traction.”
Since 500 Startups officially announced it was launching in Israel a year and a half ago, it has made 11 seed investments including Panoply (Raised $7M from Intel Capital) and RapidAPI (Raised $3.5M from Andreessen Horowitz)
The 9 companies selected for the first cohort are:
Wizer accelerates teaching to meet the needs of the 21-century students. Create, analyze, collaborate and personalize the learning experience is as easy as making a worksheet. Wizer quickly reached 300K users with 30% monthly organic growth rate, through word-of-mouth.
Distribyte provides a simplified cloud environment for companies seeking to expand their digital presence. Our novel runtime powers the most complex workloads addressing the entire software lifecycle. Distribyte ensures the release of high quality software products, with predictable results, in a fraction of the budget.
CybeReady reduces the risks of phishing through automated end-user training. The CybeReady automated simulation engine allows companies worldwide to instantly deploy a fully customizable and operational solution, covering their weakest link with proven KPIs. The company has paying customers from six different countries, on an annual subscription basis
Ubeya is Uber for temporary workforce in the events industry. Ubeya provides a SAAS platform for businesses from the events industry to manage their workforce. Connecting between staffing agencies and event companies for staff on a daily basis.
ONDiGO is an AI & automation platform that boosts the bottom-line performance of sales/accounts teams. ONDiGO is leveraging quantitative indicators such as: trends, sentiment and engagement velocity to increase win-rate, shorten sales cycles and capture repeatable-success-patterns. ONDiGO provides VP Sales with powerful visibility into their team’s performance, activity, and major KPIs. Sales-ops will see what works and what doesn’t in the company’s pipeline, account management, and customer success. Some of ONDiGO’s notable customers: Payoneer, Rakuten, Matomy, Clicktale, Groupon, Natural Intelligence, Keywee, Quad Analytics, Silicon Valley Education Foundation.”
Udobu helps better monetize live sports events. Sports clubs and media rights holders struggle with inventory and capacity utilization as well as revenue generation issues. Already working with top clubs from Spanish La Liga and Italian Serie A, udobu addresses these challenges using its proprietary fan behavior prediction technology.
Moving is stressful – so we’re changing. With MuvingApp, you can create a digital, Visual Inventory in less than 10 minutes. It facilitates a transparent, easier moving experience as well as a myriad of related services: packing, insurance and even connect utilities in your new house – All through one App.
GreenQ, a young, innovative and growing company aiming to bring the best technology to the waste pickup space. Moving fast with strategic partners, we are working to fulfill our vision to improve the urban living habitat. Our smart waste management services were designed to meet the needs of collection vendors, system integrators, and municipalities.
Market Beyond –
Market Beyond provides Fortune 500 companies with actionable, real-time, product level insight to increase market share. Our platform uncovers our customers’ blind spots in a fragmented e-commerce space by deriving insight from billions of e-shoppers’ decisions across the global e-commerce universe
For further information please contact: Adam Benayoun at email@example.com and read more here via TechCrunch.