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Israel High Tech Scene Week in Review August 1 – 7

Tel Aviv at sunset, Israel

New Startups / VC Funding
Buildots Raises $30 Million for New Construction Tech
Israeli startup Buildots offers a new service that utilizes modern camera technology to verify that the work being done on the ground matches what was expected in the planning. Buildots has just completed a $30 million Series B funding round led by Lightspeed Venture Partners, with the participation of previous investors… Read More Here

Israeli Startup Localize Raises $25 Million Under Cloud Of Ownership Battle
Localize is an Israeli startup that develops AI-powered real estate technologies. Localized has completed a $25 million Series C round of funding, bringing its total funding to date to $70 million. The round was led by Pitango Growth, with participation from Mizrahi-Tefahot and existing investors. Chemi Peres, Managing Partner and Co-founder of Pitango… Read More Here

Israel’s Rapyd Hits $10 Billion Valuation
Rapyd, an Israeli global payments and fintech company, is now a unicorn. And what a unicorn! Rapyd now has a $10 billion valuation. Rapyd hit this milestone mark upon the completion of a record breaking $300 million Series E financing round led by Target Global with several new investors joining the round, including Fidelity Management and… Read More Here

Israeli Medtech Startup Append Medical Develops The Appligator
Append Medical is an Israeli medtech startup that has developed the first no-implant minimally invasive solution for transcatheter Left Atrial Appendage (LAA) exclusion. Append Medical just completed a $7.4 million Series A financing round… Read More Here

Lendlord Offers Landlords A Portfolio Management Service
Israeli startup Lendlord offers a portfolio management platform for landlords and property investors. Lendlord just completed a $2 million funding round led by Yoav Schreiber, co-founder of Glassbox, and Eyal Leibovitz. Other investors include entrepreneur Ran Ilany, founder of Portshift, Dror Epstein, founder of Drushim, Tal Menipaz, Chairman of Foriland Investments… Read More Here

IPOs and Unicorns
Hippo Loses $192 Million In Funding Right Before SPAC Merger, Keeps $5 Billion Valuation
Hippo Holdings Inc., a home insurance group, has completed its previously announced business combination with Reinvent Technology Partners Z, a publicly traded special purpose acquisition company SPAC, for the purpose of holding an initial public offering. The new company is expected to have a $5 billion valuation once Hippo holds its IPO… Read More Here

Yotpo Plans NASDAQ IPO at $2.5 Billion Valuation
Israeli ecommerce firm Yotpo is looking to its big exit. Yotpo is planning on a NASDAQ IPO which Calcalist reports would give the company a $2.5 billion valuation. Calcalist also said that the IPO should bring the company $400-500 million and… Read More Here

Mergers and Acquisitions
Capitolis Buying LMRKTS for More Than $50 Million
Capitolis, an Israeli Fintech firm, offers a software as a service (SaaS) platform that drives financial resource optimization for capital markets. Capitolis is currently finalizing a deal to acquire LMRKTS, an American fintech firm. The purchase price has not been disclosed, but… Read More Here

HackerU Acquires Cybint for $50 Million
HackerU is an Israeli educational technology company specializing in cybersecurity and other digital skills programs. Cybint is an Israeli SaaS-based cyber education company. Now they have become one as HackerU has bought out Cybint for $50 million… Read More Here

MyHeritage Buys 90% Of French Company Filae For More Than $35 Million
Israel’s genealogical survey service MyHeritage has acquired a 90.91% stake in the French company Filae. The price was more than $35 million. Filae is a family history service… Read More Here

Israel’s HopOn Acquires British Firm ECR For $10 Million
Israel’ transportation solutions firm HopOn has acquired the British company ECR for $10 million. The acquisition should allow HopOn to expand into new markets… Read More Here

Sweden’s Embracer Group Buy’s Israel’s Gaming Co CrazyLabs
CrazyLabs, an Israeli gaming startup, has been acquired by Sweden’s Embracer Group AB. The purchase price was not revealed. The CrazyLabs management team will remain in their current positions at the company… Read More Here

Other Business Stories
Fitch Ratings Reaffirms Israel’s A+ Rating
Global financial rankings firm Fitch Ratings has given Israel a strong ‘A+’ rating. This is, in part, due to how much resilience Israel has shown during the Covid crisis. Israel has been given an ‘A+’ rating by Fitch every half year going back to November 2016. Israel has had at least an ‘A-‘ going back to 1995… Read More Here

Google’s Verily Life Sciences Opens R&D Center In Israel With Jerusalem’s Shaare Zedek Medical Center
Healthcare, data science and technology company Verily, a company belonging to Google parent Alphabet company, is opening a new research and development center in Israel. The Verily Israel team will focus on applying artificial intelligence (AI) techniques to important biomedical problems, including applications in endoscopy… Read More Here

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