Author: David Rutman

Businessman and supermarket chain owner Rami Levi never ceases to surprise. Levi, who claims to sell chickens for one shekel per kilo, launched a comprehensive nationwide campaign using 1,500 billboards for his new ad shortly before Independence Day, Maariv learned. The million shekel campaign featured pedestrians. Levi has been significantly increasing the scope of the […]

Early-stage Israeli venture capital firm AnD Ventures has closed its first fund at $70 million, exceeding its initial target of $50 million. The firm aims to continue investing in early-stage Israel-based founders and has already invested in 10 companies, including Connected Insurance, Onebeat and InfiniGrow. AnD Ventures, founded by Lee Moser, Roy Geva Glasberg, and […]

“Rhinos are just fat unicorns. If we’d give them the time and attention they deserve, as well as a diet: They’d reveal their majestic ways” – Ashley Purdy “Rhinos are just fat unicorns. If we’d give them the time and attention they deserve, as well as a diet: They’d reveal their majestic ways” Ashley Purdy […]

The sportswear giant Adidas has decided to sell off its remaining inventory of sneakers from Kanye West’s Yeezy brand and donate the proceeds to charity. The decision comes roughly seven months after Adidas cut ties with West in the face of mounting pressure due to his stream of antisemitic comments. Adidas’ sales of the rapper’s […]

The credit rating agency Standard and Poor’s (S&P) stated on Friday that Israel’s credit rating remains unchanged, according to multiple reports, affirming Israel’s “Aa-/A-1+” rating.  The announcement by S&P came about a month after the rating agency Moody’s announced a downgrade of Israel’s credit outlook to ‘stable,’ instead of ‘positive.’ As for economic growth, from […]

Elon Musk’s selection of a new CEO for Twitter may remove a big distraction for the billionaire and allow him to focus more on Tesla Inc TSLA.O, which has been struggling with a drop in demand for its electric vehicles, analysts said. Shares of the world’s most valuable electric vehicle maker, which have gained 40% […]

The Doral Group has just reported that it signed a financial agreement to fund a cluster of solar-integrated storage projects. Construction is estimated at approximately NIS 675 million.  The lenders’ consortium led by Mizrahi Bank also includes insurance companies that together will provide financing of over NIS 1 billion. The financial agreement includes the raising […]

Elon Musk said on Thursday he has found a new chief executive for Twitter, but did not name the person, while the Wall Street Journal reported that Comcast CMCSA.O NBCUniversal executive Linda Yaccarino was in talks for the job. Musk said in a tweet:”Excited to announce that I’ve hired a new CEO for X/Twitter. She […]

8fig, one of the first companies to develop a platform based on automation for planning, operating and financing business plans for e-commerce players, has completed a $140 million Series B financing round. Founded three years ago, this is the company’s biggest financing round to date. 8fig has 90 employees in two main centers in Tel […]

Recently, SIBF successfully led a conference of Israeli and international investors. Data shows that from the fund’s establishment in 2020 until today, the fund has invested in 38 tech companies worth 400 million dollars. Partners in the fund are Or Ben Shoshan, Eli Ben Simon, Aviv Cohen and Boaz Or-Shraga. The investment in a single […]