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Thursday, September 23, 2021
Tel Aviv, Israel
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The Leading Data Source on Israel's High-Tech Industry since 1997
Active Multinationals Active Investors Active High-Tech Companies
419 2,638 9,431
 
Number of Unicorns Capital Raised in 2021 by Private Companies ($m)
60  17,255
 
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Unicorn-nation: how Israel become a production line for companies valued at over $1 billion
Israel has become a unicorn hub, with some local companies nearing $10 billion valuations.
(Source: CTech, September 23, 2021)


LG is acquiring automotive cybersecurity startup Cybellum in a $240M deal
Today the company announced that it will be snapping up Cybellum, an Israeli automotive cybersecurity specialist that detects and assesses vulnerabilities in connected vehicle services and hardware by way of a “digital twin” approach.

(Source: TechCrunch, September 23, 2021)

Cisco invests $70m in Israeli content delivery co Qwilt
Qwilt says it will use the funds to accelerate its service provider edge cloud ambitions to build one of the world’s largest high-performing content delivery networks.

(Source: Globes, September 22, 2021)

StreamElements nabs $100M as it passes 1.1M creators using its platform to build and monetize video content
SoftBank Vision Fund 2 is leading this latest round, which also includes new backers PayPal Ventures and MoreTech, as well as previous investors State of Mind Ventures, Pitango, Menorah and Mivtach Shamir.

(Source: TechCrunch, September 22, 2021)

Tel Aviv Dips To 7th Place In Global Startup Ecosystem Report
Tel Aviv slipped to seventh place in the Startup Genome’s Global Startup Ecosystem Report (GSER) for 2021
.
(Source: NoCamels, September 22, 2021)

Israeli fintech co Way2Vat completes IPO in Australia
Way2Vat is the developer and operator of an automated, AI-based platform for filing VAT returns.

(Source: Globes, September 22, 2021)

Tech companies taking over Tel Aviv office market
Central Tel Aviv's office market is booming as banks, insurance companies and law firms move out, and tech companies move in, Cushman & Wakefield Israel reports.

(Source: Globes, September 20, 2021)

Lightricks announces $130 million Series D at $1.8 billion valuation
This is expected to be the Israeli company’s final funding round before going public, probably within the next six months to a year. Lightricks is expected to either merge with a SPAC at a valuation of over $3 billion or choose the route of a traditional IPO.

(Source: CTech, September 19, 2021)

Blumberg Capital closes $225 million fifth fund
The VC firm's portfolio includes numerous Israeli success stories, including Yotpo, IntSights, and DoubleVerify.

(Source: CTech, September 17, 2021)

Pagaya Technologies Ltd. to Become Publicly Traded Company Through Combination With EJF Acquisition Corp.
As a result of the transaction, which values the combined company (the "Company") at an estimated enterprise value of approximately $8.5 billion at closing, Pagaya will become a publicly listed entity and trade under a new ticker symbol.

(Source: Business Wire, September 15, 2021)

UAE seeks staggering $1 trillion in economic ties with Israel over next decade
A year into the Abraham Accords, trade between countries hits over $600m in 1st half of 2021; investors say big opportunities still ahead.

(Source: The Time of Israel, September 15, 2021)

Israeli fintech startup Melio soars to $4b valuation amid fresh $250m investment
Tel Aviv-based company is among the fastest-growing in Israel, driven by the accelerated adoption of digital solutions brought on by pandemic.

(Source: The Times of Israel, September 14, 2021)

Should Israeli companies move overseas?
More companies are moving to Europe and the U.S to conquer larger markets - CTech searched for some of the best ways to do it.

(Source: CTech, September 14, 2021)

Analysis: No longer a damsel in distress: Israeli startups have transformed from sellers to buyers
The total sum in 15 M&A deals involving Israeli companies over the past three months reached almost $5.5 billion, $3 billion of which was spent by local startups making acquisitions.

(Source: CTech, September 14, 2021)

ExpressVPN to Join Kape Technologies, with Shared Vision to Transform Privacy and Security
Kape Technologies PLC (KAPE: LSE) is pleased to announce that ExpressVPN will be joining the Kape family as part of a US$936 million deal.

(Source: Business Wire, September 13, 2021)

Israel's Planck teams with Japanese insurance giant Sompo
Planck’s AI-based platform gathers publicly available data about businesses and applies machine learning to generate insights, allowing insurance companies to more accurately assess risks.

(Source: Globes, September 13, 2021)

ZOLL Medical Corporation Signs Definitive Agreement to Acquire Itamar Medical
Acquiring provider of home sleep apnea diagnosis solutions will allow ZOLL to better serve undiagnosed and untreated cardiac patients.

(Source: Business Wire, September 13, 2021)

“​​Israeli government should allow tech companies to work 24/7”
Dror Bin, the Chief Executive Officer of the Israel Innovation Authority, promises not to allow politics in his office and calls for new policies for the local industry to thrive.

(Source: CTech, September 12, 2021)
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IVC-Meitar Tech Review for the first half of 2021 is out !
 
All-time record of amount raised in the first half of 2021 - $11.9 billion, more than the total amount raised in 2020 ($10.3 B).
Another strong quarter for the Israeli high-tech industry - $6.52 billion were invested in 230 deals.
38  investments of over $100 million each were responsible for approximately 50% of the total amount raised in the first half of the year.

 
For the full report click here
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Recently Published Insights, Reports and Posts by IVC (2020-September 2021)
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Upcoming Israeli High-Tech Events & Webinars (September 2021-December 2021)
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IVC Updates & Contact Information
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