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Temasek, Samsung, Back On-Demand Gadget Repair Startup

After raising $25 million in a series B funding round, Cellsavers rebranded as Puls

Meir Orbach 15:5220.08.17
Israel-based Red Dot Capital Partners, a growth fund funded by Singapore’s governmental holding company Temasek, led a $25 million funding round for the San Francisco-based on-demand smartphone and tablet repair company Puls, the companies announced in a press release Tuesday. Samsung NEXT, a venture investment arm of Samsung also participated in the round.

 

 

 

Formerly known as Cellsavers Ltd., the startup rebranded as Puls as part of the announcement.

 

 

 

Puls cofounders Eyal Ronen (left) and Itai Hirsch (right) Puls cofounders Eyal Ronen (left) and Itai Hirsch (right)

 

 

With offices in San Diego and Tel-Aviv, Puls matches users with close by gadget technicians with relevant skills. The company employs around 50 people and has raised $43 million.

 

Puls will use the capital raised to expand into new U.S. markets and widen its services to smart home devices, the company said in its announcement.

 

 

Israel-based venture capital firms Carmel Ventures, Sequoia Capital Israel, an affiliate of California-based venture capital firm Sequoia Capital, Maverick Ventures and Kreos Capital also participated in the investment.

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