Kibo Mobile-Tech Ltd announced that it will receive $1,000,000 in a round of funding on July 5, 2016. The transaction will include participation from a returning investor, WhiteSmoke Software Ltd (TASE:WSMK) for $428,000. WhiteSmoke Software Ltd (TASE:WSMK) currently holds 42.83% stake in the company. The transaction was approved by the board of directors of WhiteSmoke Software Ltd (TASE:WSMK).