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Thursday, December 8, 2022
Tel Aviv, Israel
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IVC Database 14 Days Free Access
 
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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 3,103 9,576
 
# of Unicorns Capital Raised in 2022 by Private Companies ($m)
90 15,154
 
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*New Additions to IVC Database This Week
 Financing Rounds  Investors High-Tech Companies
8 7 23
Selected (*) Recent Database Additions & Activity (December 2 - December 8)
  • GK8 (Acquired by Galaxy Digital)
  • 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 2 - December 8)

Analysis Recession hits cybersecurity companies hard as layoffs mount
The latest reports from the likes of SentinelOne, CrowdStrike and Palo Alto Networks revealed the crisis is already beginning to hit even the supposedly immune cybersecurity industry.
(Source: CTech, December 8, 2022)

“Now is a great time to invest and even greater time for contrarian investments”
Qumra Capital Managing Partner Erez Shachar has joined CTech to look at the 2023 investment space.
(Source: CTech, December 8, 2022)

Mobileye Discloses Third Quarter 2022 Results and Business Update
Revenue increased 38% year over year to $450 million in the third quarter.
(Source: Business Wire, December 7, 2022)

EIT Urban Mobility, 8200 Impact and CityZone Join Forces to Build Synergies in Israel for the Global Mobility Startup Ecosystem
EIT Urban Mobility, an initiative of the European Institute of Innovation and Technology (EIT), a body of the European Union, announced today that it is joining forces with 8200 Impact and its partner CityZone to act as its ecosystem agent in Israel for 2023.
(Source: Business Wire, December 7, 2022)

4 Israel firms make global AI 100 list from CB Insights
AI21 Labs, Pecan AI, Run:AI and Zencity chosen among the most promising artificial intelligence startups of 2022.
(Source: Israel21c, December 7, 2022)

Cybersecurity co AlgoSec buys US co Prevasio
AlgoSec has announced it is acquiring US cloud-native application protection platform developer Prevasio.
(Source: Globes, December 6, 2022)

The New York Stock Exchange and the Tel Aviv Stock Exchange Sign Memorandum of Understanding on Dual Listings USA
Collaboration also includes the exploration of new products in ESG, ETFs, indexes and data.
(Source: PR Newswire, December 6, 2022)

Tigo Energy, Inc. to List on NASDAQ Through Business Combination with Roth CH Acquisition IV Co.
Pursuant to the business combination agreement, ROCG will acquire Tigo for a pre-money equity value of $600 million.
(Source: Business Wire, December 6, 2022)

Interview: Lone wolf: Oren Zeev reveals why he’s the world’s most successful lone investor
The one-man VC fund opens up on the bursting tech bubble, why he was disgusted by what he saw last year, and what’s coming next. “When good entrepreneurs want you because they believe you have a golden touch it becomes a self-fulfilling prophecy,” explained Zeev.
(Source: CTech, December 5, 2022)

Israeli tech founders count 2022 losses
Monday.com, SentinelOne and other companies that peaked last year on Wall Street are now as much as 80% off, leaving their founders much less wealthy.
(Source: Globes, December 4, 2022)

Israeli platform GK8 escapes Celsius debacle after being acquired by Galaxy Digital
The Israeli company’s platform provides financial institutions an on-premise end-to-end platform for safekeeping and managing digital assets.
(Source: CTech, December 3, 2022)

Lumen scores $62M for handheld metabolism measurement device
The startup said it plans to use funds to expand its reach in the U.S. and globally, add nutrition recommendation capabilities and support research partnerships.
(Source: MobiHealthNews, December 2, 2022)

Globes and Statista rank Israel's 100 fastest growing companies
This year's top company is a travel-tech startup founded during the Covid pandemic.
(Source: Globes, December 1, 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.
IVC on Israeli & Global Media (November-December 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)

Six Israeli startups raise $81m
While there has been a slowdown in financing rounds completed by unicorns, earlier stage startups are raising more than ever.
(Source: Globes, November 9, 2022)
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Israel Tech Related New Appointments/Positions (November-December 2022)
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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-March 2023)
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IVC Updates & Contact Information
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