Tuesday, May 1, 2012

McCann Invests $4M in Israeli Incubator ?thetime?

thetimeWith a $4M investment, McCann Worldgroup has bought a 15% stake in Israeli incubator 'thetime'. This move isn't a particularly surprising considering 'thetime' was founded by Ilan Shiloah, who for the past 10 years has been chairman of McCann Erickson Israel. 'thetime' was also co-founded by angel investor, Nir Tarlovsky. Uri Weinheber, previously of Lab One, acts as the incubator's CEO.

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