Getonic calls time on $1.3m

Feb 17, 2013 • Global Corporate Venturing

Alongside TheTime, in which McCann bought a 15% stake as part of a $4m investment in April last year, were venture capital firm Rutledge Vine Capital, angel investor Mortimer Singer, and other angel investors, according to news provider Globes.

TheTime, an Israel-based incubator backed by advertising group McCann Worldgroup, has joined a consortium investing $1.3m in Getonic, a local online shopping platform.

Ilan Shiloah, former chairman of McCann’s Israel subsidiary, founded TheTime alongside angel investor Nir Tarlovsky.

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