New Startups / VC Funding
Israeli Startups Exit Hit A Record $82.4 Billion In 2021
According to the PwC Israel High-Tech Exit Report, Israeli companies’ M&A and IPOs soared to an all-time high of $82.4 billion in 2021. This is a 520 percent increase over the $15.4 billion exited in 2020. With the addition of approximately $25 billion in venture capital funding, the total amount invested in Israeli technology in 2021 will surpass $100 billion… Read More Here
Future Meat Hits $600 Million Valuation For Fake Meat
Future Meat, an Israeli cultured meat startup, is in the midst of a new fundraise that is expected to bring the company $320 million in investment, reports Calcalist. The new funding is expected to give Future Meat a $600 million valuation.
This past July, Nestlé, the international food conglomerate, entered into a deal with Future Meat. Nestlé Research in Lausanne in Switzerland will work with the techies from Future Meat on the company’s cultured-meat designs… Read More Here
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Lynx MD Raises $12 Million For Healthcare Platform
Lynx MD, an Israeli medtech startup that offers an artificial intelligence AI based platform for real world clinical and operational data collaboration, raised $12 million in Seed financing in a round led by MizMaa Ventures with participation from New York Life Ventures, Amdocs, and iAngels, as well as existing investors Triventures, UpWest and notable angels.
Lynx MD boasts that its cloud-based platform unlocks real-world health data, at scale. The company says that it enables the sharing and analysis of rich, unstructured data, securely connecting… Read More Here
TPG Rise Climate Led $170 Million Investment In Israeli Cleantech Company UBQ
TPG Rise Climate, the climate investing strategy of TPG’s global impact investing platform, led an investment round of $170 million in the Israeli global awarded company UBQ Materials.
The financing round also included existing investors, Battery Ventures, and other investors such as M&G’s Catalyst strategy, a UK-based investor specializing in flexible, long-term impact investments. Additional terms… Read More Here
Playtika Led A $10 Million Seed Investment In Edge Gaming
Edge Gaming, the gaming platform that enables players to produce and play high-quality user-generated highlights, today announced a $10 million funding round to continue expanding its new “Playables” format, which will launch with major AAA games.
The seed round is led by Playtika and includes current investors Stardom Ventures and AnD Ventures… Read More Here
IPOs and Unicorns
Keter Plastic Suffers Huge Losses, IPO In Jeopardy
Keter Plastic, an Israeli company that produces home and garden plastic products, is not doing so well, even now that the world is coming out of the Covid recession. The company reported that it lost 35.3 million Euros ($40 million) in the third quarter of 2021. This was revealed in Keter’s revised public offering prospectus.
This was about twice the loss for the same quarter in 2020. But Keter’s revenues were up by… Read More Here
Other Business Stories
Holocaust Survivor Roman Kent’s Son Sues Estate
The son of the late Roman Kent, a famed Polish holocaust survivor, is suing his sister over their father’s inheritance. Jeffrey Kent alleges that his sister, Susan Avjian, took advantage of their father’s weakened condition in the last years of Roman’s life to get him to change his will and “defraud” Jeffrey out of as much as $650,000… Read More Here
Facebook Exec: Its Society’s Fault
Is Facebook really to blame for all of those social and political problems that people have attributed to it? No! Society is to blame. At least that is what Facebook exec Andrew Bosworth told Axios.
For years now the world has heard all about the evils of Facebook and its messaging subsidiary Instagram. A whistleblower recently told the U.S. Congress all about how Meta, Facebook’s new parent company, and the… Read More Here
Elbit Systems Awarded $350 Million Contract
Elbit Systems Ltd. announced today that it was awarded a contract valued at approximately $350 million to supply an array of land systems to an international customer. The contract will be fulfilled over a three-year period. But Elbit has not disclosed who the new client is or what exactly it is acquiring from the company.
The big deals just keep on coming… Read More Here