Connect with us

Hi, what are you looking for?

Jewish Business News

StartUps

Israel High Tech Scene September 26 – October 2

Tel Aviv

Tel Aviv at sunset, Israel Startup Israel

New Startups / VC Funding
Totango Raises $100 Million
Totango is an Israeli startup that leverages data to orchestrate and transform revenue experiences. Totango has raised $100 million in Series D funding led by Great Hill Partners, a thematic growth equity investor that targets leading businesses in disruptive markets. Existing Totango investors also participated in the round including BGV, Pitango Ventures, and Canvas… Read More Here

Avo Raised $84 Million for Food Delivery
Israeli delivery platform Avo must surely be a startup that really does deliver the goods as it has raised $84 million in capital to date. Avo reached that amount with a $45 million Series B round led by New York-based global private equity and venture capital firm Insight Partners. The company is now planning on expanding their operations in 10 major U.S. markets over the next 12 months… Read More Here

Optimove Raises $75 Million for Scaling Personalization
Optimove is an Israeli startup that offers a Customer Service Management (CRM) marketing service. The company is celebrating the end of the Sukkot holiday with a $75 million cash investment, led by global growth investor Summit Partners. Optimove also announced the addition of Summit Partners’ Managing Director Steffan Peyer, and Head of Europe, Han Sikkens to its Board of Directors… Read More Here

EquityBee Raises $55 Million
EquityBee, an Israeli startup that provides employee-focused stock options funding solution, raised $55 million in new Series B funding. The round was led by existing investor Group 11, with participation from new investors Israel-based Greenfield Partners, as well as existing investors Battery Ventures, Local Globe/Latitude, Altair and ICON.

EquityBee’s total funding to date is now $83 million… Read More Here

IPOs and Unicorns
Valens Completes $1.16 Billion SPAC Merger
Valens, an Israeli startup which provides high-speed connectivity solutions – chips — for the audio-video and automotive markets, and PTK Acquisition Corp., a special purpose acquisition company (SPAC) have completed their merger as part of Valens’ initial public offering (IPO)… Read More Here

Buligo Capital Holds TASE IPO
Buligo Capital, an Israeli real estate firm, is holding its initial public offering IPO on the Tel Aviv Stock Exchange TASE. The company has already raised $20 million, and has reached a total valuation of $100 million. Buligo Capital will begin trading officially on the TASE on Thursday… Read More Here

Mergers and Acquisitions
Akamai Acquires Israeli cybersecurity startup Guardicore for $600 million
Akamai Technologies has acquired Tel Aviv-based cybersecurity startup Guardicore for $600 million.

Founded in 2013 by CEO Pavel Gurvich, Ariel Zeitlin, and Dror Sal’ee, Guardicore has raised $110 million from 13 investors among them Former Israeli Prime Minister Ehud Barak, North83, Battery Ventures, Qumra Capital, Greenfield, ClalTech, Deutsche Telekom, Dell, Cisco, and Greylock. This exit is a nearly sixfold return… Read More Here

HUB Security Buys Cosmec Global for $22 Million
HUB Security, an Israeli cybersecurity company, has bought out fellow Israeli cybersecurity firm Comsec Global for NIS 70 million ($22 million). According to the deal, HUB will pay NIS 40 million in cash and NIS 30 million in its own shares. The Shares consideration are under a share sale lock-up provision for a period of 6 months post-closing of the transaction… Read More Here

Voodoo acquires Israeli gaming startup Beach Bum for $500 million
French mobile gaming company Voodoo acquires Israeli gaming startup Beach Bum for $500 million, according to Calcalist. This is Voodoo’s second acquisition of an Israeli company. Earlier this year it added Tel-Aviv-based gaming marketing platform Bidshake to its portfolio paying an unknown sum… Read More Here

Other Business Stories
Rafael US Army Successfully Complete First US Operated Iron Dome Battery Live Fire Test
RAFAEL, the US Army, and the Israel Missile Defense Organization (IMDO) have successfully completed a live fire test of the first US Army Iron Dome Defense System (IDDS-A) Battery, which the U.S. acquired from Israel.

The test comes after the U.S. House of Representatives voted 420 – 9 last Thursday to approve approved $1 billion in new funding… Read More Here

Teva Up after Court Settlement
Teva Pharmaceuticals, a U.S. affiliate of Israel’s Teva Pharmaceutical Industries Ltd, saw its stock shoot up after the company announced that it had reached a settlement with the Attorney General (AG) of Louisiana over the state’s opioid-related claims.

Teva shares closed nearly 4% higher… Read More Here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

empty

The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Advertisement
cialis cialis satış cialis