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INTERNET | Internet Software & Services / Advertising, Sales & Marketing
matomy.com

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Founded Year

2007

Stage

IPO | IPO

Total Raised

$1M

Date of IPO

7/8/2014

Market Cap

0.00B

Revenue

$0000 

About Matomy Media Group

Matomy Media Group is a digital advertising agency. Matomy Media Group offers brand and direct response advertisers as well as agencies a range of opportunities including a performance-based affiliate management platform and network, display advertising, search marketing, alternative payment solutions and mobile advertising.

Matomy Media Group Headquarter Location

6 Hanechoshet St.

Tel Aviv, 69710,

Israel

+972-77-3606060

Latest Matomy Media Group News

“One investor told us: you look like nice girls, you should go do something else”

Mar 28, 2021

“One investor told us: you look like nice girls, you should go do something else” After their VC fund iAngels marked two dream exits in a week, Mor Assia and Shelly Hod-Moyal discuss the secret to managing a successful firm while maintaining a work-life balance Sophie Shulman 12:5628.03.21 The meeting with Mor Assia and Shelly Hod-Moyal was bookended by two scenes that don’t typically take place in a venture capital firm’s meeting rooms. It began as Assia (39) just finished pumping breastmilk for her newborn and fifth child, born three weeks ago, and ended when Hod-Moyal’s babysitter brings her toddler and fourth child to the office right before they take off to go swimming. Assia and Hod-Moyal jointly manage nine children from the ages of zero to ten, two husbands who are also CEOs -- Yoni Assia is the co-founder and CEO of eToro, while Kfir Moyal is the former founder of Matomy Media Group Ltd. and today serves as the CEO of BIScience. If they weren’t overseeing $300 million at the iAngels firm they founded in 2014, they might seem like the perfect housewives who came out of a JCrew catalog, but they couldn’t be further from that. Last week, iAngels completed a historic exit, when eToro announced its merger with a special-acquisition company (SPAC) for $10.4 billion and for a few days was the largest Israeli initial public offering (IPO) in Wall Street history. The record was short-lived, however, when a few days later ironSource announced its own merger with a SPAC at an $11 billion valuation. Assia and Hod-Moyal don’t really have any reason to be upset. Two days after eToro’s announcement, it was Arbe’s turn to merge with a SPAC at a much more modest, but still impressive valuation of $723 million. Arbe specializes in developing components for autonomous vehicles, and the fact that it is still unprofitable explains its relatively “low” valuation. iAngels is one of its largest shareholders with 15%. iAngels led the first investment in the company, following the seed round a few years ago, and yielded a dreamy return of over 200 times the original investment. “Arbe was one of the firm’s most significant investments, we then led the post-seed round and since then have made sure to participate in subsequent rounds, and I also sit on the company’s board of directors. Many SPACs courted Arbe and we tried to listen and see who would fit best,” Assia said in a special interview with Calcalist, after the firm registered two subsequent successful exits, the likes of which few funds can even boast completing one of. According to estimates, the fund invested in eToro between 2015 and 2018 when the company’s valuation was a far cry from $1 billion so that despite their relatively small holding, the exit yielded more than tenfold returns. As a result of the mergers with SPACs, iAngels’ annual returns leaped from 25% to 48% today. But they think it’s only the beginning. According to market estimates, one of the firm’s other portfolio companies is about to announce its merger with a SPAC at a $2 billion valuation in the coming days, and two others plan on joining the trend over the next few weeks. Hod-Moyal and Assia have a much smaller slice of eToro’s holdings compared to their shares of Arbe, but the figure comes with a very big asterisk on the side. Aside from the impressive returns that eToro’s sale made for the firm, for Assia it’s more of a family event as someone who was right there when her husband Yoni founded the company together with his brother Ronen (who has since relinquished his active position at the company), and their family friend Dudu Ring. “Yoni and I have known each other since we were 20. Three different people who didn’t know each other tried to set us up, and the person who did succeed in doing so was my cousin who served with Yoni in the military,” Assia said, when describing the Israeli high tech power couple. As often happens with the local techie crowd, their ties go way back. Assia’s cousin served with her husband in the elite technological unit of the Israeli Intelligence, Unit 81, while she served in the 8200 Unit. But the fact is that the Assia couple isn’t the first in the illustrious tech dynasty, which began years prior. Mor Assia’s father, Danny Kerat, was on the founding team of Amdocs founders as one of its first employees. In his last position, her father served as president of billing operations, one of the company’s main divisions. Her father-in-law’s side is even more famous. The brothers’ father is David Assia, who was the founder of the software company Magic, and serves today as the chairman of iAngels, invests in the firm, and is involved with its activity. Yoni Assia’s aunts are well-known too: the first died in 2013 and was the well-known designer Daniella Lehavi, while the second is Dalia Feld, the CEO and owner of the People & Computers Group. But the empire was built by their grandfather, Yehuda Assia who founded the First International Bank of Israel and died in 2016 at the age of 100. “When my husband was chosen to represent Israel and meet Warren Buffet at an event, he gifted him three first-edition books from his grandfather’s library, something that really touched Buffett,” Assia recalls that she was not allowed to join her husband at the notable meal, for which businessmen pay over a million dollars to attend. Whose path was more difficult - was it yours at the firm or your husband’s at eToro right up until the exit? “We split up the world between us,” Assia jokes, “he deals with everything that is publicly traded and I deal with the private sector. Our jobs aren’t divided because we live in the same house, but you can’t really compare, it’s not apples to apples. To build a $10 billion company demands mental strength from a person, but also from their spouse.”   As to the question of how one deals with the ethical, business, and personal aspects of investing in companies that are founded and managed by a spouse, and how to make objective decisions, Hod-Moyal said: “When you invest in a company, you do a lot of due diligence, its like a dating process that you do with the founders for two or three months, but in the end, your decision to invest is based on very little information.” Hod-Moyal, whose partner Kfir founded online advertising company Matomy and is still only dreaming of an exit, added: “If you already know someone and believe in them, then it’s smart to invest in them because you have a relative advantage. And if that person is upfront with you and works hard - those are the most important qualities when investing in a startup, and one that you don’t discover until entering an investment deal and joint journey.”   In an amusing twist of fate, Yoni and Kfir knew each other long before Shelly Hod met her future husband, and the relationship between them is more friendship, than business-based. “We take vacations overseas together, Shelly and I go out a lot now, and just last weekend we celebrated Kfir’s birthday together with one of her sons,” Assia said. Over the course of the interview, they hold hands excitedly and touch each other, an unfamiliar dynamic in the commonly masculine VC boardrooms   Aren’t you afraid that people will say you’re successful simply because of your connections? That without your family ties, iAngels wouldn’t get the chance to invest in eToro? “We erected high walls that keep everything separate, and very professional,” Assia said. “Everything went through a very organized process both on my husband’s side at eToro and also at iAngels. Everything was fully disclosed to our investors.”   “Aside from that, we’re used to the fact that people talk and gossip,” Hod-Moyal added. “When we started the firm, everyone told us we were crazy. Back then, there were barely any women in the industry, and there were definitely no female-led investment firms. It was a boys’ club. I remember that we sat with one of the most successful angel investors in Israel and he told us: ‘You look like nice girls, you should go do something else. Why would anyone give you money or make a deal with you?’ There were others, back in 2014, who spoke the same way people are today, that the tech bubble is about to burst and there wouldn’t be any more money for investments. It’s always the same story, but in the meantime, the bubble still hasn’t burst and people continue to give us money.”     Assia and Hod-Moyal met in New York in 2008 at a networking event that was organized for Israeli graduate school students. Assia, who had completed her bachelor’s degree in computer science at the Technion and was pursuing an MBA at Columbia University, came along with her husband who was taking his first steps at eToro. “I remember Mor talking, and I was so impressed with her achievements that right after meeting her, I went up to her and asked to be friends,” Hod-Moyal smiled and said. Hod-Moyal had herself completed an internship at the UBS Investment Bank, worked at the Avenue Capital Group hedge fund, and specialized in debt issues at financial institutions. The field was pretty quiet until that fateful September when Lehman Brothers collapsed and upended the entire financial sector. A little over a decade ago, they all returned to Israel, with Assia starting a position at Amdocs and Hod-Moyal working at Goldman Sachs’ Israeli branch. Both wanted to found something together to couple Assia’s technological experience with Hod-Moyal’s financial expertise. The inspiration actually came from eToro. Why not examine what experienced angel investors were interested in and follow suit? eToro distinguishes itself from other trading platforms by offering a social component, enabling its users to mimic the investment portfolios of successful investors. “If we could go back then with what we now know, we probably wouldn’t have done it,” Assia said. “We weren’t yet 30, and we didn’t even know what we didn’t know, but we were very determined and ambitious. Every day we would meet and think about what we would do that day.”   “We entered the field of investment banking very naively,” Hod-Moyal added. “We were sure that we would start a website, make a Facebook campaign, and that many people would rush to contact to hear about our investments with big angel investors.”

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