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Thursday, December 15, 2022
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
477 3,115 9,564
 
# of Unicorns Capital Raised in 2022 by Private Companies ($m)
90 15,515
 
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*New Additions to IVC Database This Week
 Financing Rounds  Investors High-Tech Companies
9 12 30
Selected (*) Recent Database Additions & Activity (December 9 - December 15)
  • Deel Acquires PayGroup (Australia)
  • LSports Acquires PayGroup (Poland)
  • AiVF Acquires ART Compass (US)
  • MySize Acquires Naiz Fit (Spain)

(*) 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 (December 9 - December 15)

Training the next generation of entrepreneurs at Tel Aviv University
TAU ranks seventh in the world in global entrepreneurship.
(Source: The Jerusalem Post, December 15, 2022)

CEO fails to takeover Nano Dimension and its $1.2 billion in cash
The shareholders of the industrial 3D printing company did not approve the repricing of Yoav Stern's options, which would have put them in the money and allowed him to become the largest shareholder in the company.
(Source: CTech, December 15, 2022)

"Seeing down rounds negatively is huge mistake"
Insight Partners partner Liad Agmon told the "Globes" Enterprise Technology Summit that startups locked in on a value may miss a round, and that could kill the company.
(Source: Globes, December 15, 2022)

The truth hits startup founders: It's a hard life
Where are the Most Promising Startups of past years? The tech industry downturn has been a reality check.
(Source: Globes, December 14, 2022)

"In 2023 many high-tech companies will significantly decrease in value"
After the layoffs, local high-tech is preparing for a wave of declines in company valuations, similar to the trend in the U.S. Israeli-American cyber unicorn Snyk revealed its value fell by 12% when it raised $196 million this week.
(Source: CTech, December 14, 2022)

Snyk Closes $196.5 Million Series G Funding at $7.4 Billion Valuation
Investment Reflects Company’s Current Financial Strength and Will Drive Continued Efficient Growth and Product Innovation in 2023 and Beyond.
(Source: GlobeNewswire, December 12, 2022)

Hetz Ventures launches network of engineering and cyber experts to help foster startup growth
The Hetz Executive Network has more than 200 international members and is designed to help companies scale at their early stages.
(Source: CTech, December 12, 2022)

Proofpoint Signs Definitive Agreement to Acquire Illusive
Identity Threat Detection and Response technology extends Proofpoint’s people-centric security vision to thwart identity-based breaches, including ransomware.
(Source: GlobeNewswire, December 12, 2022)

High-tech layoffs are in full swing with no respite in sight
The race to complete layoffs before the end of the year is set to see many more employees lose their jobs in the coming weeks.
(Source: CTech, December 11, 2022)

Playtika to lay off 600
In a second wave of layoffs this year, the Israeli mobile gaming company is shedding 12%-15% of its workforce.
(Source: Globes, December 9, 2022)

HUB Cyber Security and Mount Rainier Announce Registration Statement Effectiveness and Special Meeting Date to Approve Business Combination
Special Meeting Scheduled for December 30, 2022 with Expected Closing in January 2023 followed by Listing on Nasdaq at an estimated enterprise value of approximately $1.28 billion.
(Source: PR Newswire, December 9, 2022)
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IVC on Israeli & Global Media (November-December 2022)

Hi-tech crisis is the baby boom of Israeli entrepreneurship - comment
Against the backdrop of decreasing numbers of new start-ups, the current wave of layoffs can actually rekindle Israel’s entrepreneurial drive.
(Source: The Jerusalem Post, December 12, 2022)

Israeli startups raised over $600m in November
Israeli startups raised $14.8 billion in the first eleven months of 2022.
(Source: Globes, December 1, 2022)

Alternative Lending: How Does Israel Differ From the United States?
The Alternative lending market in the US is massive. By the end of 2022, the projection for the value of the alternative lending market in the nation is to be almost $9 billion.
(Source: The Israel National News - Arutz Sheva, November 29, 2022)

Israeli tech in trouble as funding, job openings decline
The nation's growth engine has hit a slowdown marked by layoffs, fewer hiring opportunities, and less investment capital.
(Source: Al Monitor, November 10, 2022)
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Israel Tech Related New Appointments/Positions (December 2022)
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IVC-LeumiTech Israeli Tech Review Q3/2022 is out now!

In a nutshell: In Q1–Q3/2022, Israeli high-tech companies raised $12.3 billion in 538 deals. In Q3/2022, $2.6 billion were raised in 143 deals. The numbers for the first nine months of 2022 show the extent of the slowdown in almost all parts of the Israeli tech economy, except in early-stage companies.
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Number of startups in Tel Aviv in Israel 2017-2021
 
Published by Eyal Lichter, Dec 7, 2022
 
According to the IVC Research Center, in 2021, the number of startups in Tel Aviv, Israel, amounted to 1,363. This was a slight decrease compared to the previous year. Overall,
the number of startups increased during the observed period, except for a decline in 2021.
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Recently Published Insights, Reports and Posts by IVC (2020-December 2022)
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Upcoming Israeli High-Tech Events & Webinars (December 2022-May 2023)
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IVC Updates & Contact Information
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