October 29, 2013 | Israeli startup Magisto, which developed an app that automatically generates sharable videos and slideshows from photos and videos on your phone, have raised $13 million. The financing round was led by Qualcomm Ventures and Sandisk. Existing investors Magma Venture Partner and Li Ka Shing’s Horizons Ventures also participated in the round.
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Social Video Company Magisto Raises $13M
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