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Jewish Business News


Israel High Tech Scene September 19 – 25

New Startups / VC Funding
Leonardo DiCaprio Invests In Aleph Farms
Leonardo DiCaprio, the Oscar winning movie star, has invested in the Israeli alternative meat producing startup Aleph Farms. This marks Leonardo DiCaprio’s biggest Israeli investment, or deposit as the case may be, since he dated Israeli supermodel Bar Refaeli… Read More Here

StreamElements Raises $100 Million
Israeli Startup StreamElements raised $100 million in a financing round led by SoftBank with the participation of PayPal, MorTech and previous investors State of Mind Ventures (SOMV), Pitango First, Menorah Mivtachim and Mivtach Shamir. StreamElements offers interactive tools to help companies manage communities and create revenue for streaming… Read More Here

Cisco Invests $70m in Israeli Startup Qwilt
Cisco invested in Qwilt, an Israeli startup that develops new tech for livestreaming. The amount invested was not officially revealed, but reports indicate that it was $70 million as part of a Series E round of investment. Qwilt now has a valuation of $800 million… Read More Here

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Panorays Raises $42 Million
Panorays, an Israeli cybersecurity startup that deals with third-party security risk management, closed a $42 million Series B funding round led by Greenfield Partners with participation from existing investors Aleph and Oak HC/FT as well as new investors BlueRed Partners (Singapore), Greenspring Associates and Moneta VC. Panorays intends to use the funds to expand in… Read More Here

Aviv Scientific Raises $40 Million
Aviv Scientific is an Israeli medtech company that conducts research and clinical treatment of age-related cognitive and functional decline to maximize human performance. The firm brought in $40 million in an oversubscribed Series B… Read More Here

Blue White Robotics Raises $37 Million
Israeli agrotech startup Blue White Robotics is an autonomous farming technology company with a platform that provides Robots-as-a-Service (RaaS) enabling farms to run themselves autonomously. The company raised $37 million in a Series B funding round, led by New York-based global… Read More Here

IPOs and Unicorns
EToro Delays IPO
eToro, the Israeli company that offers its clients a trading platform, Has been forced to delay its initial public offering IPO. eToro informed the US Securities Exchange Commission (SEC) of a delay in completing its long planned SPAC merger, which was expected to be completed by the end of the month. But on the bright side, the company has signed a new deal with England’s Arsenal Football Club… Read More Here

Lightricks Hits $1.8 Billion Valuation Looks to IPO
Israeli startup Lightricks, which offers a content creation app, has closed a $130 million funding roundnco-led by New York-based global private equity and venture capital firm Insight Partners and Hanaco Venture Capital, with participation from existing investors Goldman Sachs Asset Management, Clal Tech, Harel Insurance, and Finance and Greycroft, with new investors Migdal Insurance, Altshuler Shaham… Read More Here

Way2VAT Holds IPO In Australia
Israeli fintech company Way2Vat Ltd. is now a publicly traded company, having held its IPO on the Australian Securities Exchange. The company issued 35 million shares at $0.20c per share for an implied market capitalization of AU $30.7 million ($22 million US). Way2VAT raised… Read More Here

Israel’s Keter Plastic Looks To $2.5 Billion IPO
Keter Plastic, an Israeli company that produces home and garden plastic products, has filed the forms with the SEC ahead of a planned initial public offering IPO on the New York Stock Exchange NYSE. Keter Plastic says that it hopes to raise hundreds of millions of dollars and expects a valuation of $2 to 2.5 billion from… Read More Here

Mergers and Acquisitions
Valley National Acquires Bank Leumi USA for A Reported $1.2 Billion
Bank Leumi of Israel has agreed to merge Bank Leumi USA with Valley National Bancorp for a combined value of $1.2 billion, or 140% of existing equity. Bank Leumi expects to earn an after-tax profit of NIS 650-750 million ($203 million- $234 million) following… Read More Here

LG Buys Israel’s Cybellum for $140 Million
Cybellum, and Israeli vehicle cybersecurity startup, has been bought out by Korea’s LG, one of the world’s top electronic appliance manufacturers. LG will acquire a 64% stake in Cybellum which LG says is valued at $140 million… Read More Here

Other Business Stories
Israel 4th in 2021 Digital Quality Of Life Index
Israel ranks fourth in the world for digital quality of life for 2021. This according to the latest Digital Quality of Life Index from Surfshark Digital. Israel ranked second for all of Asia… Read More Here

Israel’s Foreign Exchange Market Q2 2021
The Bank of Israel has released a report on the trading of the Shekel against major foreign currencies in the second quarter of 2021. Here are some of the highlights.
The short of it is, the Shekel is up against both the U.S. dollar and the Euro… Read More Here



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