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Jewish Business News

StartUps

Israel High Tech Scene Nov 21 – 27

New Startups / VC Funding
Israeli Sports Analyzer Startup Pixellot Makes The Power 50 Inventive List
Israeli startup Pixellot, the developer of an automated solution for broadcasting, producing, and analyzing sporting events, entered the STA Group ranking for the first time alongside FIFA, UEFA, NBA, NFL, BBC, Fox, and Amazon.

The world-leading analyst of sports technologies has released its yearly analysis of the top sports technologies for 2021…Read More Here

Svix Receives $2.6 Million In Pre-Seed Funding From Y Combinator
Svix, an Israeli company that uses Webhooks-as-a-Service to enable businesses trigger API notifications, has raised $2.6 million in pre-Seed funding to help expand its operations and enhance its technology… Read More Here

Israeli Innovation: Novel Antibacterial Surgical Cut Band-Aid, Monitoring Healing
Sutures are frequently mocked in science fiction as being out of date. After all, the method has been in use for at least 5,000 years. Medical science should have progressed since ancient Egypt, right?… Read More Here

Ira Zlotowitz Launches Gparency To Let Real Estate Bypass Debt Brokers
Ira Zlotowitz has left Eastern Union to launch a new startup that he expects will disrupt the approach to financing and the commercial real estate mortgage brokerage industry.

The founder and CEO of the new startup, Gparency, says it would allow landlords and developers to engage directly with banks without the need for a broker… Read More Here

IPOs and Unicorns
Moon Active Is Israeli Unicorn At $5 Billion
Moon Active, a gaming startup, is now a top Israeli unicorn to come out Startup Nation. The company hit that mark with a $300 million raise that left Moon Active with a $5 billion valuation. While that is a huge valuation for a startup, it does not even place Moon Active among the top five unicorns in Israel… Read More Here

Verbit Surpasses $2 Billion Valuations With $250 Million Investment
Verbit, an Israeli startup that has built an AI-powered real-time transcription and captioning service, has secured a $250 million Series E funding round, which included a $150 million original investment and a $100 million secondary transaction… Read More Here

5 Biggest Israeli Unicorns
Startup Nation keeps on setting records. It is also adding new unicorns on seemingly a daily basis. These companies are startups that are valued at at least $1 billion. But being a unicorn these days is getting to be less and less of a special thing, at least in Israel. Maybe they will need to raise the definition of a unicorn from $1 billion plus to over $10 billion… Read More Here

Jamie Salter Cancels Authentic Brands IPO
CNBC has discovered that retail giant Authentic Brands Group intends to postpone its $10 billion planned valuations in its first initial public offering, in favor of selling large ownership shares in the business to private equity firm hedge fund HPS Investment Partners, CVC Capital, and a pool of current stakeholders.The transaction is valued at approximately $12.7 billion and is likely to be revealed on Monday, according to the business… Read More Here

Mergers and Acquisitions
German Schwarz Group Buys Former Mossad Head Cyber Company For $700 Million
Schwarz Group, a German retail and cloud computing corporation, announced today the $700 million acquisition of Israeli cybersecurity firm XM Cyber. Tamir Pardo, the former Director of the Mossad, is the co-founder and president of XM Cyber… Read More Here

Oprah Winfrey And Reese Witherspoon Both Buy Spanx Stox
In October Spanx, the American underwear maker focusing on shaping briefs and leggings founded by Sarah Blakely, hit a $1.2 billion valuation after making a deal to sell a majority share to Stephen Schwarzman’s Blackstone Inc. Sarah Blakely celebrated the deal by giving out lavish gifts to her employees… Read More Here

Israel’s Global-E Buys Flow For $500 Million

Global-e, an Israeli fintech startup that offers a cross-border end-to-end platform for brands and retailers, is acquiring Flow Commerce Inc. (“Flow”), a technology based cross-border e-commerce software solution for emerging brands, for $500 million. The deal is for a base consideration of approximately $425 million and up to approximately $75 million in potential additional consideration based on certain financial results in 2021, plus approximately $45 million in Global-e… Read More Here

Other Business Stories
Starbucks Facing Changes, Union Drive, And A Hepatitis Outbreak
Starbucks is going through a lot these days. Its employees are pushing for a union. It is changing certain policies. A store in New Jersey is the center of an outbreak of hepatitis. And to top it all off, Starbucks no longer lets its customers fill up on mil n their own… Read More Here

Fran Horowitz Abercrombie & Fitch CEO: 2021 Holiday Sales Looking Good
Fran Horowitz, the CEO of Abercrombie & Fitch, is clearly in a good mood these days. She was able to tell her company’s investors that they not only made a lot of money but set sale records in the third quarter of 2021… Read More Here

Roman Abramovich Wins Legal Battle Over Allegations That Putin ‘Directed Him To Buy Chelsea
A High Court judge in London ruled that Russian native billionaire Roman Abramovich did not acquire the Chelsea FC on the orders of Russian President Vladimir Putin. It was alleged that he did so as part of a ploy by Putin to gain influence in the West… Read More Here

Facebook Is Still Getting Hit Hard
Call it Facebook or call it Meta, the world’s largest social media platform with billions of users is still getting slammed on all sides. So rebranding is not really a cure for a company’s ills after all, is it?… Read More Here

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