Mystery Startup Libox Scores $1M

Some startups are best kept secret.  Like Ctrue, little is know about Libox.  It was founded last year by Erez Pilosof, a serial entrepreneur who worked at Walla!, and has now received $1 million in seed-stage funding from Evergreen Venture Partners and a couple other private investors.  IVC says Libox “is developing an innovative Internet platform which is aimed at end-users.”

According to Haaretz, Pilosof hopes the platform will compete with Google, Microsoft, Apple and “the rest of the big boys.”  The company, which has five employees and is recruiting five more, is in the process of registering a patent, after which it will reveal its “ambitious” activity. 

While the team stays in Israel, Pilosof himself is moving to Silicon Valley.  The co-founder of Walla! is also a partner in ViralGurus.com, a social-sharing entertainment site in development.

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