(Yes, that was an intentional grammar error in the title. Because its funny given the context.)
Ginger Software today announced that it has raised an extra $5 million from Horizons Ventures – the VC fund owned by billionaire business magnate Li Ka-shing – and Silicon Valley-based Harbor Pacific Capital.
The extended funding round also includes an additional $400,000 from Ginger’s current investors, including Israeli VC firm Vaizra Investments.
Horizons Ventures’ Frank Meehan will join Ginger Software’s board in connection to the round, which the company says brings total capital raised to $21 million so far.
Ginger Software was started by Israeli serial entrepreneur and natural language expert Yael Karov in 2007 and is currently headed by him and Netanel Jacobsson, a former AOL and Facebook executive who joined the company as chief executive officer earlier this year.
Ginger basically builds products deeply rooted in Karov’s field of expertise, namely natural language processing. Its flagship product is Proofreader, a nifty contextual English grammar and spell checking tool that helps “avoid embarrassments” free of charge.
The company promises more innovative products are on the way, we should note, adding that its natural language processing platform enables a wide variety of apps besides proofreading, including paraphrasing and speech recognition.
We’ll keep an eye on what’s cooking in their kitchens in the US and Israel.
(Yes, the grammar error in my first line was also intentional.)
Image credit: Mat Walker