Israeli video chat Startup Life On Air raises $52 million for its Houseparty app | Jewish Business News

“Live video chat apps are shaping up as the next obsession for Silicon Valley investors,” Wall Street Journal reports regarding the raise of $52 million by Israeli startup Life On Air inc. for its live video chat app Houseparty. The financing round was led by Sequoia Capital, previously invested in WhatsApp, which Facebook purchased for $19 billion, with the participation of previous investors Aleph VC, Comcast Ventures and Greylock Partners. The company has raised $70 million to date.