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Thursday, August 18, 2022
Tel Aviv, Israel
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IVC Database 14 Days Free Access
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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 |
| 464 |
2,994 |
9,455 |
| # of Unicorns |
Capital Raised in 2022 by Private Companies ($m) |
| 88 |
11,694 |
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*New Additions to IVC Database This Week
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| Financing Rounds |
Investors |
High-Tech Companies |
| 9 |
2 |
21 |
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Selected (*) Recent Database Additions & Activity (August 12 - August 18)
- Glossai (Content Delivery Platforms, AI)
- AKA Foods (Artificial Intelligence, FoodTech)
- Slauth.io (IT, Cyber Security)
- HR Signal (Enterprise Applications, HR Tech)
- Novacy (Internet Applications, Customer Engagement)
(*) 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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| IVC-LeumiTech Israeli Tech Review Q2/2022
In H1/2022, Israeli high-tech companies raised $9.8 billion in 395 deals.
In Q2/2022, $4.12 billion were raised in 182 deals.
The numbers for H1 are impressive but still show clear signs of a slowdown in specific parts of the Israeli tech economy.
AutoDownload the report as a PowerPoint Show (.ppsx)
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What recession? Israeli startups raise over $700 million in 48 hours
Mega-rounds by DriveNets, Guesty, HiBob, and Pliops brought in a massive $682 million.
(Source: CTech, August 18, 2022)
Pagaya signs deal to sell shares worth $300m
The company will have the option to sell shares to investment bank B. Riley at a price of just $7.50, well below the current price of over $20.
(Source: Globes, August 18, 2022)
Social investment platform eToro to acquire fintech startup Gatsby for $50M
Israel-based eToro told TechCrunch this week that it just received approval from FINRA, the Financial Industry Regulatory Authority, to move forward with the acquisition. The company first filed for regulatory approval in December of 2021.
(Source: TechCrunch, August 17, 2022)
DriveNets secures $262 million Series C at over $2.5 billion valuation
The Israeli company offers communications service providers (CSPs) and cloud providers a new way to build networks, substantially growing their profitability by changing their technological and economic models.
(Source: CTech, August 17, 2022)
HiBob Raises $150M Series D Up-Round Led by General Atlantic to Capitalize on Significant Business Momentum
HiBob now valued at $2.45B; Series D was led by global growth investor General Atlantic, with participation from Bessemer Venture Partners and other existing investors.
(Source: HiBob, August 16, 2022)
Pliops lands $100M for chips that accelerate analytics in data centers
Koch Disruptive Technologies led the tranche, with participation from SK Hynix and Walden International’s Lip-Bu Tan, bringing Pliops’ total capital raised to date to more than $200 million.
(Source: TechCrunch, August 16, 2022)
Remitly to Acquire Rewire to Expand into Complementary Geographies with Account-Based Remittance Product
The transaction is expected to close in the second half of 2022 and accordingly, Remitly does not expect material impact on its revenue or adjusted EBITDA outlook this year. The $80 million consideration includes cash and stock, subject to customary adjustments.
(Source: Business Wire, August 16, 2022)
Guesty books $170M to double down on property management tools for Airbnb and other rental platforms
Apax Digital Funds, MSD Partners and Sixth Street Growth co-led the round for Tel Aviv-based Guesty, with previous backers Viola Growth and Flashpoint also participating — motivated in part by that vision of a changing travel and living landscape.
(Source: TechCrunch, August 16, 2022)
Ministry of Economy to allocate additional $6 million for implementing advanced technologies in factories
This amount is an addition to tens of millions of shekels already invested in establishing the Advanced Manufacturing Institute and in founding the institute's Demo Center.
(Source: CTech, August 16, 2022)
Unity reaffirms ironSource merger, rejects AppLovin bid
ironSource: Unity’s rejection of AppLovin’s unilateral bid confirms the superior strategic value of the merger with ironSource.
(Source: Globes, August 15, 2022)
Survey: More than half of Israeli high-tech companies expect an increase in activity in the coming year
A survey by the Central Bureau of Statistics, which examined the expectations of company managers in the high-tech sector, found that over 40% of high-tech companies expect to hire more employees in the coming year.
(Source: CTech, August 14, 2022)
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IVC Research on Israeli & Global Media (August 2022)
Is the tech crisis over?
Four Israeli startups raised nearly $700 million combined this week but indications are it could still be too premature to pronounce the end of the crisis.
(Source: Globes, August 18, 2022)
Israel’s venture slowdown lags due to ecosystem’s founder mentality
(Source: TechCrunch, August 17, 2022)
A correction, not a burst bubble: Israeli tech sector grapples with market realities
A global economic slowdown is hitting companies at home and abroad; but there is cause for optimism, experts say.
(Source: The Times of Israel, August 15, 2022)
The challenge: To feed 10 billion people with healthy food by the year 2050
Global warming, problems in the global supply chain and the spike in the number of humans on the planet are some of the catalysts for new developments in the foodtech industry, where Israeli high-tech is emerging as a global leader. Ahead of Calcalist's Foodtech Competition, industry executives identify the challenges and trends in the field.
(Source: CTech, August 10, 2022)
Israeli startups raised $700m in July
Israeli startups raised $9.8 billion in the first half of 2022, according to IVC, so although well of the pace of last year's record, startups have already raised more than all of 2020.
(Source: Globes, August 1, 2022)
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Israel Tech Related New Appointments/Positions (August 2022)
Ermetic Appoints Toby Buschini Chief Revenue Officer
(Source: Business Wire, August 17, 2022)
Fundbox appoints Ofer Karp as its new Chief Technology Officer
(Source: CTech, August 16, 2022)
Ceragon Networks Appoints Ronen Stein as Chief Financial Officer
(Source: PR Newswire, August 15, 2022)
Panaya appoints Beatriss Kovernaig and Tal Arnon to its executive leadership team
(Source: CTech, August 15, 2022)
Panorays appoints Nir Livni as VP of Products
(Source: CTech, August 11, 2022)
SAP appoints Inbar Yacoby to lead SAP.iO Foundry Tel Aviv
(Source: CTech, August 10, 2022)
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Recently Published Insights, Reports and Posts by IVC (2020-August 2022)
*New
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| IVC, Arnon Segev & Co. and Consiglieri are proud to present the first Israeli Institutional Investors’ Tech Investments Report for the year 2021. With key insight provided by The Israel Innovation Authority.
In 2021, Israeli institutional investors increased their allocation to the Israeli start-up scene, for the first time in decades. Astoundingly, the capital allocated to the Israeli tech start-up sector in 2021 increased 6.5-fold and is estimated at $864m, compared with just $134m in 2020.
Read and download the report here
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Upcoming Israeli High-Tech Events & Webinars (August 2022-December 2022)
*New
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IVC Updates & Contact Information
*New
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IVC is proud to be cooperating with the following organizations:
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