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Sequoia, Magma Venture-backed Onavo bought by Facebook ‘for $200m’

14 Oct 2013

mobile-touchVenture Capital-backed app-maker Onavo has been bought by Facebook in a deal reportedly worth up to $200m, making it the social media company’s biggest Israeli acquisition.

Financial news website Calcalist said Facebook had agreed to pay between $150m and $200m for the three-year-old company, which is backed by Sequoia Capital, Magma Venture Partners, Horizons Ventures and Motorola Mobility Ventures.

The company makes data-tracking apps which aim to help people better understand their usage of devices.

Last week a trio of venture capital funds backed a $10m financing round for Refresh, a mobile app which provides an instant information dossier on people.

Redpoint Ventures, Charles River Ventures and Foundation Capital all took part in the round for the 18-month-old company.

The app aims to help give users bullet point data to use in conversations with their target person, such as their hobbies, friendships and recent blog posts.

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