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Thursday, June 23, 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 |
| 460 |
2,894 |
9,392 |
| Number of Unicorns |
Capital Raised in 2022 by Private Companies ($m) |
| 88 |
9,562 |
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*New Additions to IVC Database This Week
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| Financing Rounds |
Investors |
High-Tech Companies |
| 14 |
24 |
12 |
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Selected (*) Recent Database Additions & Activity (June 17 - June 23)
- ForeScout Acquires Cysiv (US)
- Taboola Acquires Yusp by Gravity R&D (Hungary)
- Amdocs Acquires MYCOM OSI (US)
- Verbit Acquires U.S. Captioning Company (US)
(*) 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, 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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Starburst acquires data lake analytics accelerator Varada to challenge Snowflake
Starburst, the well-funded data warehouse analytics service and data query engine based on the open-source Trino project, today announced that it has acquired Varada, a Tel Aviv-based startup that focuses on data lake analytics.
(Source: TechCrunch, June 23, 2022)
"Startups grew 100% but losses doubled"
Qumra Capital managing partner Erez Shachar and other Israeli venture capitalists at the Globes Conference on the Economy in Turmoil discussed why the tech bubble burst.
(Source: Globes, June 23, 2022)
Pagaya Announces Closing of Business Combination
Pagaya to Begin Trading on Nasdaq on June 23rd Under the Symbol “PGY”.
(Source: GlobalNewswire, June 22, 2022)
Vine closes new $140m. fund with heavy investment in Israeli tech firms
Vine Ventures, founded by two Jewish men, has invested in several Israeli firms before, such as Israeli DevOps firm Komodor.
(Source: The Jerusalem Post, June 22, 2022)
Tnuva expanding its activities in the alternative meat and fish sectors
Following its success with alternative milk products, the company has launched an R&D center for alternative protein products.
(Source: CTech, June 21, 2022)
E-commerce platform Global-e buys Borderfree for $100m
The Israeli company will pay Pitney Bowes cash for the cross-border e-commerce payment solutions company and has also formed a strategic partnership with Pitney Bowes.
(Source: Globes, June 21, 2022)
Uni-cuts: Why even unicorns with plenty of cash are making significant cuts
Unicorns like Trax, Cybereason and OpenWeb, which raised hundreds of millions of dollars last year, have announced the layoff of dozens of workers in recent days. The reasons: maintaining the cash in their coffers, keeping the company’s investors calm and retaining talents.
(Source: CTech, June 21, 2022)
OurCrowd First Israeli Company to Partner with the Singapore Economic Development Board in the Global Innovation Alliance (GIA) Programme
Collaboration will further strengthen ties between startups and corporates in Israel and Singapore.
(Source: StartupHub.ai, June 21, 2022)
“R&D centers do not produce much for the state of Israel”
Former chairman of the National Economic Council, Prof. Eugene Kandel, has surprisingly harsh criticism of the high number of high-tech R&D centers in Israel. He states that this is one of the causes of the high-tech manpower crisis. “It was important that Google & Microsoft come here, however, today there are over 400 companies and we are already on the map”.
(Source: CTech, June 20, 2022)
Italy scouts for Israeli water tech as drought concerns mount
Largest delegation of Italian water utility companies wraps up visit to Tel Aviv and Jerusalem to learn from Israel’s water successes.
(Source: The Times of Israel, June 20, 2022)
Greenfield closes fund II at $200m
Greenfield Partners has held tetheh final close of its second fund, Greenfield Partners Fund II, with $200 millionin capital commitments, according to a report by Tech.
(Source: Private Equity Wire, June 17, 2022)
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IVC Research on Israeli & Global Media (May-June 2022)
Opinion: Why do they keep investing?
Among the leading VCs, it was often two or even one investment that generated the vast majority of returns in one fund and cemented their reputation, writes Meir Valman.
(Source: CTech, June 21, 2022)
Venture capital funds have “a lot” of money but…
(Source: Zeev Holtzman, founder of Giza Venture Capital and IVC, June 13. 2022)
Israeli startup investment down less than expected in H1 2022
IVC-LeumiTech found that the fall in investments in Israeli startups is more moderate than the downward correction on Nasdaq.
(Source: Globes, June 8, 2022)
Israeli startups raised $1.75b in May
Israeli privately-held tech companies have raised $8.1 billion in the first five months of 2022.
(Source: Globes, June 1, 2022)
Israeli Unicorns: The Next Billion-Dollar Startups 2022
(Source: Forbes, June 1, 2022)
Institutional investors poured $1 billion into Israeli tech in two years
Nevertheless, the institutional investors utilized only about NIS 1.2 billion from the NIS 2 billion safety net provided by the Israel Innovation Authority, which promised to cover 40% of potential losses it would incur from investing in startups.
(Source: CTech, May 26, 2022)
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Israel Tech Related New Appointments/Positions (June 2022)
Fundbox Announces Partnerships to Expand Payment Capabilities, Adds Former Goldman Sachs Exec as Chief Product Officer
(Source: GlobalNewswire, June 22, 2022)
Cognata appoints Dr. Gahl Berkooz as Chief Data Officer and President, Americas
(Source: PR Newswire, June 21, 2022)
Appointment Intuit appoints Moti Eliav as its new Israel Site Leader
(Source: CTech, June 21, 2022)
Melio Appoints Yoav Schwartzberg as Vice President of Product
(Source: PR Newswire, June 14, 2022)
Larisa Amir appointed Managing Director of Merck R&D Center in Israel
(Source: CTech, June 13, 2022)
Proptech startup Guesty appoints David Aber as CFO
(Source: CTech, June 12, 2022)
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Recently Published Insights, Reports and Posts by IVC (2020-June 2022)
*New
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Upcoming Israeli High-Tech Events & Webinars (June 2022-September 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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