Capital Partners

With JP Morgan Purchase, Conduit Becomes Israel’s First Billion Dollar Internet Company

By Tibbi Singer

JP Morgan acquired a $100 million stake in Conduit from investor Yozma fund at a $1.4 billion valuation. Conduit’s cash cow is its toolbar, which the company says has been used by more than 200,000 sites, including MLB.com and Miniclip, to reach 250 million users.