Eye on the Israeli High-Tech Industry Week (Oct 30 – Nov 5)

Business

Eye on the Israeli High-Tech Industry Week (Oct 30 – Nov 5)

Israeli High-Tech Industry Updates

Waze And WalkMe Founders Announce The Launch Of $110 Million Venture Fund

Israeli venture capital firm 10D invested in 6 Seed and A Stage Startups
(Jewish Business News 04, Nov 2020)

Frankfurt Stock Exchange seeks Israeli tech cos​
The relatively new Scale segment of the German stock market, where there is reduced regulation adapted for small growth companies, could be ideal for early-stage Israeli tech companies.
(Globes 04, Nov 2020)​​

Israeli Startup Cnvrg.Io Sold To Intel For $60 Million
Cnvrg.io scores another exit for Startup Nation
(Jewish Business News 04, Nov 2020)

Delegation of 200 Israelis to visit UAE to forge business, tech ties
Entrepreneurs, scientists, businesspeople to meet local investors, finance and government entities, and tech firms, in visit organized by Bank Hapoalim and Israel Export Institute.
( The Time of Israel 03, Nov 2020)​​

Israel’s IDI Insurance and Japan-based MSI launch ‘The HUB’ to promote innovation
The partnership will help the two nations develop innovative solutions for the insurtech spaces in Israel and Japan.
​(CTech 03, Nov 2020)​

The Israeli market is small, yet mature, says Accel VC partner
Andrei Brasoveanu, partner at the U.S. venture capital fund Accel, speaks about his investments in Israeli companies, says managers and investors should continue closing deals, even over Zoom.
​(CTech 02, Nov 2020)​

‘Silicon Wadi’ hi-tech park approved in east Jerusalem
About 200 Palestinian-owned businesses will be moved to complexes in Issawiya and Umm Tuba.
( Jerusalem Post 02, Nov 2020)​

Arieli Capital and China Merchants Group ink deal to build ocean technology innovation center
The innovation center, which will be established in Southern China’s city of Sanya, will be led by Arieli Capital and will incorporate an investment fund, accelerators, and incubators
​( CTech 02, Nov 2020)​

Israeli innovation plugs into emerging energy-tech sector

With a growing need for alternative energy and power storage, Israel is poised to lead another vertical impacting our global community.
( ISRAEL21c​ 02, Nov 2020)

Selected Recent Database Additions & Activity ( )

Financing Rounds
Omnix Medical ($8.5M Series A)​​
NovoCure ($500M PIPE)
Nurami Medical ($6M Series C)​​

Exits (M&A and IPO)
cnvrg.io ($60M, Acquired by Intel)
Nutritional Growth Solutions (IPO, $5M ASX)

New Startups Added
Cyber Assessments (IT, Cyber Security)
Tera Novel (Life Sciences, Biotechnology)
Med&Beyond AI (Digital Health, Machine learning)
FeatherCloud (IT, Video Streaming)
DGCore (Hardware, Drones)​

New Israeli VC Fund Added (Closed Funds & First Closing Q2-Q4 2020)
VentureIsrael LP
Unicorn Technologies Limited Partnership ($20.5M)
Hyperwise Ventures LP ($60M)
Almeda Ventures LP ($20M)
Team8 Capital Fund ($104M)
South Israel Bridge Fund (SIBF) II ($80M)
Pontifax VI ($330M)

Source: IVC Research


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