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Thursday, February 9, 2023
Tel Aviv, Israel
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*Currently Available Profiles On IVC-Online
The Leading Data Source on Israel's High-Tech Industry since 1997
 Multinationals  Investors  High-Tech Companies
483 3,157 9,445
 
# of Unicorns Capital Raised in 2023 by Private Companies ($m)
91 537
 
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*New Additions to IVC Database This Week
 Financing Rounds  Investors High-Tech Companies
5 11 22
Selected (*) Recent Database Additions & Activity (February 3 - February 9)
  • StePac (Acquired by PPC Flexible Packaging)

(*) Interested to know all the daily updates about the financing rounds, new tech Israeli startups, new VCs and investors and key executives in the Israeli tech ecosystem? 
Email us for annual subscription packages: info@ivc-online.com 
 
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Israeli High-Tech Industry News & Updates (February 3 - February 9)

Earth & Beyond Ventures raises $125m for Israeli startups
The Israeli fund will be investing between $500,000 and $2 million in seed and pre-seed deep-tech, aerospace and satellite engineering companies.
(Source: Globes, February 9, 2023)

Japanese investments in Israel fall by almost 50% in 2022
Investments in Israel by Japanese funds and companies totaled $1.558 billion in 2022 compared to $2.945 billion in 2021.
(Source: CTech, February 9, 2023)

Israel urges crucial tech industry to separate politics from economy​
Benjamin Netanyahu’s government says planned judicial reforms will not damage investment.
(Source: Financial Times, February 9, 2023)

TripActions Rebrands as Navan, Adds ChatGPT to Expense Reports
With the reset, the business-travel software startup is taking on market leader Concur with new tools, CEO says.
(Source: The Wall Street Journal, February 7, 2023)

Bank Leumi and the European Investment Bank to Provide 500 Million Euro to Support Green Investment by Israeli SMEs.
This will be used to provide credit on preferential terms to SMEs across Israel, including supporting new investment in green and environmental projects. This represents the first targeted support for climate action business financing in Israel by the EIB.
(Source: PR Newswire, February 7, 2023)

Japan's ORIX invests in theDOCK’s Navigator II maritime and supply chain fund
While the amount was not disclosed, this brings its initial closing to $30 million.
(Source: CTech, February 7, 2023)

Cybersecurity unicorn Wiz to withdraw funds from Israel
Wiz co-founders, including CEO Assaf Rappaport and VP Product Yinon Costica, are among the leaders of the protests organized by the high-tech sector against the judicial coup being pushed by the Netanyahu government.
(Source: CTech, February 6, 2023)

Tissue repair co MediWound raises $27.5m on Nasdaq
The company says it plans to use the net proceeds from the offering primarily for the acceleration of the development of EscharEx for treating wounds.
(Source: Globes, February 5, 2023)

Mobileye share price doubles in just over 3 months
On Friday the company's share price closed up 1.33% on Wall Street at $42.78, giving a market cap of $34.306 billion.
(Source: Globes, February 5, 2023)

Digital bank One Zero raises another $62 million at $320 million valuation
One Zero’s pitch deck to investors revealed that it plans to embark on a larger funding round towards the end of the year at a higher valuation. This round is planned as part of its preparations to expand into Europe and ahead of a potential IPO.
(Source: CTech, February 5, 2023)
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IVC on Israeli & Global Media (January-February 2023)

Get ready for consolidation in over-funded spaces
“While most companies are tightening their belts, founders and boards should ask themselves to what end are they surviving and if they foresee a viable, standalone business when their 24 months of runway comes to an end,” write Boaz Morris and Ofer Vishkin of Qumra Capital.
(Source: CTech, February 8, 2023)

Hi-tech investments in Israel see 42% drop in 2022
A recent hi-tech report from IVC, LeumiTech reveals 42% drop in hi-tech investments in Israel in 2022 compared to 2021.
(Source: The Jerusalem Post, February 1, 2023)

Israeli startups raised $340m in January
This was the lowest monthly amount raised by Israeli privately-held tech companies for several years.
(Source: Globes, February 1, 2023)

“Our main focus in Israel is to help underrepresented groups, specifically female founders” 
“We conducted a research together with IVC and found that the number of female founders is less than 15%," said Yuval Passov, Head of Google for Startups Israel, speaking to CTech at the Power in Diversity event on Sunday.
(Source: CTech, January 31, 2023)

Cybersecurity hit most as tech investment plunged in 2022
Start-Up Nation Central (SNC) and IVC Research - Leumitech have summarized the sharp downward trend in startup financing rounds in Israel in 2022, especially in the second half of the year.
(Source: Globes, January 11, 2023)
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IVC-LeumiTech Israeli Tech Review 2022 is published 

The bottom line...
In 2022, Israeli high-tech companies raised $14.95 billion in 663 deals. In Q4/2022, $2.02 billion were raised in 121 deals. The outcome of the investment activity in 2022 supports the perception of a slowdown, with a drop of more than 40% from the amounts raised in 2021. 
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Israel Tech Related New Appointments/Positions (February 2023)
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Recently Published Insights, Reports and Posts by IVC (2021 - February 2023)
*New
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Upcoming Israeli High-Tech Events & Webinars (February - June 2023)
*New
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IVC Updates & Contact Information
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