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Thursday, April 27, 2023
Tel Aviv, Israel
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IVC Database 14 Days Free Access
Click here and we'll get back to you as soon as we can with your personal credentials.
Get to know IVC first hand today!
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*Currently Available Profiles On IVC-Online
The Leading Data Source on Israel's High-Tech Industry since 1997
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| Multinationals |
Investors |
High-Tech Companies |
| 490 |
2,473 |
9,327 |
| # of Unicorns |
Capital Raised in 2023 by Private Companies ($m) |
| 91 |
2,155 |
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*New Additions to IVC Database This Week
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| Financing Rounds |
Investors |
High-Tech Companies |
| 5 |
6 |
29 |
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Selected (*) Recent Database Additions & Activity (April 21 - April 27)
- Branda (Enterprise Applications, Artificial Intelligence)
- BuildX (Industrial Technologies, Construction Tech)
- Beteende (Digital Health, Artificial Intelligence)
- GoodDeeds (Mobile Applications, Artificial Intelligence)
- Ardis (Medical Devices, Artificial Intelligence)
(*) 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 (April 21 - April 27)
High-tech’s new world order: Salaries falling, requirements rising, and nobody’s in a hurry to leave
The uncertainty, the layoffs, and the decrease in investments in high-tech have led to changes in the recruitment of employees. HR managers at companies that collectively employ thousands of workers in Israel tell Calcalist: This is how the recruitment processes have changed following the new reality.
(Source: CTech, April 27, 2023)
Top 50 Startups List: Israeli high-tech must contend with the global economy and its own government to survive
The shrinking of Israeli high-tech comes amid the global economic downturn, but it is clear to those within the industry that without a return to political sanity, the industry and the Israeli economy will suffer.
(Source: CTech, April 27, 2023)
National Report: 88 Israeli-Founded Unicorns Now Have U.S. Headquarters
The 88 companies have combined to create 61,858 direct jobs worldwide.
(Source: PR Newswire, April 26, 2023)
Opinion: Startup nation must grow up
The transition from a development-based start-up nation to a high-tech country that is home to the management of international companies is already happening. But first, we must solve this current crisis.
(Source: Noam Canetti, CTech, April 25, 2023)
Interview: Tech investors are waiting for ‘sanity’ to return to Israel, says JVP founder
Israeli entrepreneur and investor Erel Margalit says tech workers’ protests show that the government will not succeed with judicial overhaul push.
(Source: The Times of Israel, April 25, 2023)
Volvo Cars Tech Fund invests in driver monitoring startup CorrActions
CorrActions, an Israeli startup that, among other things, built a driver monitoring system that can understand a driver’s cognitive state, today announced that it has raised a strategic investment from Volvo Cars Tech Fund. According to the company, the target for this round is $6 million.
(Source: TechCrunch, April 24, 2023)
Cybereason valuation cut by over 90% - report
A Delaware stock authorization form stated that Series G shares were sold at a more than 90% discount, "Axios" reports.
(Source: Globes, April 24, 2023)
Israeli NVM co Weebit Nano raises $40m
CEO Coby Hanoch: The funds raised ensure we are well-positioned to capitalize on significant demand in the NVM market.
(Source: Globes, April 24, 2023)
Israeli universities churn out startups as ties with tech industry grow
Data shows rise of over 120% in startups set up yearly by academic institutions, from 34 in 2016 to 75 in 2020, accounting for 13% of total new startups established in Israel.
(Source: The Times of Israel, April 23, 2023)
Analysis: Is Israeli spyware a dying sector?
The closure of QuaDream is further evidence of the shrinking of the world-leading Israeli cyber espionage industry. Most of the Israeli companies that were active in the field have closed or left the sector in the last year, also due to the restriction of export permits by the Ministry of Defense.
(Source: CTech, April 23, 2023)
Vesey Ventures Has $78m to Back Early Stage Fintechs With Bespoke ‘Strategy Sheets’
Eli-Lorch, Lindsay Fitzgerald, and Julia Huang, all former managing directors of AMEX Ventures, the venture capital arm of American Express, founded Vesey Ventures in early 2022, as a ‘Strategy Sheets’ focused fintech venture firm.
(Source: Business 2 Community, April 21, 2023)
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IVC on Israeli & Global Media (April 2023)
What Drives Israel At 75? ‘Everything Is Possible’
(Source: Gil Press, Forbes,, April 25, 2023)
Israel's High-tech Crisis: Treasury Examining if Forecast and Budget Need Readjustment
Israeli hi-tech industry's troubles are not caused only by the global crisis and credit markets, but also due to local market uncertainty caused by government's steps to overhaul the judiciary and amid harsh criticism from financial institutions like Moody's.
(Source: Haaretz, April 23, 2023)
Israel sees major growth in health tech sector: report
(Source: XINHUA, April 19, 2023)
Investment in Israeli healthtech startups drops 13% in 2022 – report
But local life sciences industry proves more resilient than any other high-tech sector as firms raised $2.8 billion in 2022, IVC-aMoon report finds.
(Source: The Times of Israel, April 18, 2023)
Focus on: The Startup Nation: High Tech in Israel
IVC’s Q1/2023 report shows Israeli high-tech companies raised $1.72 billion in 105 deals, including three mega-deals that contributed 38% of the overall amounts. The outcome was a 70% drop from Q1/2022 and 79% from the peak in Q4/2021.
(Source: Shibolet & Co. THE LEGAL 500, April 13, 2023)
In Q1/2023, Israeli high-tech firms saw big drop in funding
IVC and LeumiTech report shows $1.72 billion raised in the first quarter, 70% less than in Q1/2022.
(Source: ISRAEL21C, April 9, 2023)
2023 started badly for Israeli high-tech and it may get worse
Despite the desire of industry executives to see light at the end of the tunnel, the next two quarters at least are expected to continue the downward trend.
(Source: CTech, April 3, 2023)
Analysis: Israel's tech sector reels from SVB collapse, proposed judicial reform
According to the IVC Research Center and LeumiTech, Israeli high tech firms raised $1.7 billion in the first quarter, down 70% from the $5.8 billion in the first three months of 2022 and its lowest quarterly fundraising level in four years.
(Source: Reuters, April 3, 2023)
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| IVC-LeumiTech Israeli Tech Review Q1/2023 is published
The bottom line...
In Q1/2023, Israeli high-tech companies raised $1.72 billion in 105 deals. The outcome was a 70% drop from Q1/2022 and 79% from the peak in Q4/2021. included Three Mega deals (over $100m each) inflated the total amounts in Q1 by $660m.
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| IVC aMoon HealthTech Ecosystem Report 2022
The convergence of healthcare and technology has impacted all fields of what we think of as traditional life sciences, resulting in a multitude of new "HealthTech" companies in Biotechnology, Pharmaceuticals, and Medical Devices, as well as establishing a new subsector of Digital Health companies.
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Israel Tech Related New Appointments/Positions (April 2023)
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Recently Published Insights, Reports and Posts by IVC (2021 - April 2023)
*New
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| Go For Israel co-organized by Catalyst Funds and Cukierman & Co. Investment House, focusing on innovative Israeli technologies in leading industries.
IVC members will receive a 25% discount to register for the event.
Use the code: GFIIVC25 For registration, click HERE
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Upcoming Israeli High-Tech Events & Webinars (May - October 2023)
*New
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IVC Updates & Contact Information
*New
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IVC is proud to be cooperating with the following organizations and events:
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The Next Weekly Newsletter will be published on April 20th after Passover vacation.
Happy and peaceful Passover & Chag Pesach Sameach!
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Email me directly to request 14 days free access to our online resources or to schedule Zoom meeting for a full demo of the online platform and the Analytics tools (for paying subscribers).
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