New Startups / VC Funding
In December Alone, Israeli Startups Raised $2.1 Billion In Funding
Israeli startups raised $2.1 billion in December 2021, including a record $3 billion in October. The sum may be higher, as some companies prefer to operate in secrecy and do not always announce the funding they receive.
According to IVC-Meitar, Israeli technology startups raised $17.8 billion in the first nine months of 2021 … Read More Here
Nucleix Raises $77 Million For New Lung Cancer Detection Tech
Nucleix, an Israeli medtech startup that offers a liquid biopsy which it says can detect cancer early, secured an additional $22 million in funding, as an extension to the previously announced $55 million financing, bringing the total capital raised in 2021 to $77 million… Read More Here
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Israel’s Tipa Raises $70 Million For Cleantech
Tipa, an Israeli startup in the cleantech field, develops a new kind of packaging to replace plastic. Tipa has raised $70 million in a Series C round of funding, led by Millennium Food-Tech and Meitav Dash, which put in a whopping $26 million.
Total investment in Tipa to date has now reached $130 million… Read More Here
Mergers and Acquisitions
Israel’s Global-E Buys Flow Commerce For $500 Million
Global-e Online, an Israeli e-commerce firm, has completed its acquisition of the American company Flow Commerce Inc. for a total of $500 million. The deal, which was first begun last November, will see the New Jersey based e-commerce company get absorbed by Global-e and Flow Commerce CTO Mike Bryzek will now take over as Global-e’s Chief Product Officer and Rob Keve, formerly Flow’s CEO, will join Global-e’s leadership team and will head Global-e’s newly formed SMB division.
Global-e certainly has the cash to… Read More Here
Google Pays $500 Million For Israeli Cybersecurity Startup Siemplify
Google is in the process of acquiring Israeli cybersecurity startup Siemplify. The internet giant will pay $500 million, according to Calcalist.
This is Google’s fourth acquisition of an Israeli startup in five years. In 2016 Google paid $1.1 billion for Waze. In 2019 Google Cloud purchased Elastifile which develops data fabric storage technology for enterprise-grade applications running at scale in the cloud for $200 million. The same year Google parent company Alphabet Inc. has acquired data migration startup Alooma for $100 million. In addition, in 2021 the company… Read More Here
Top 3 Israeli M&A Stories From December
One way a startup makes it’s exist is through an acquisition by another company. Startup Nation Israel is filled with such exits. There are also plenty of big deals where Israeli firms buy foreign ones.
Here are the 3 biggest mergers and acquisition stories from Israel from December… Read More Here
IPOs and Unicorns
Paradox Hits Unicorn Status With New $200 Million Capital Raise
Israeli startup Paradox, which developed Olivia, a digital recruiter that communicates with job applicants, has completed a $ 200 million round of funding at a value of $1.5 billion and has become a unicorn.
The C round was co-led by Stripes, Sapphire Ventures, and Thoma Bravo with participation from Workday Ventures, Indeed, Willoughby Capital, Twilio Ventures, Blue Cloud Ventures, Geodesic… Read More Here
5-Minute Charging Battery StoreDot Raises $80 Million At $1.5 Billion Valuation
5-minute charging battery technology for electric vehicles startup StoreDot has secured $80 million at a $1.5 billion valuation.
The round is led by Vietnamese VinFast, one of Asia’s biggest electric automakers manufacturer that intends to use StoreDot’s battery technology in its future EV models. BP Ventures and Golden Energy Global Investment are also participating in the investment round… Read More Here
EToro Expected IPO Valuation Drops By $1.6 Billion
eToro, the Israeli company that offers its clients a trading platform, has been forced to lower its initial public offering IPO expectation by 15%, from a previous expected valuation of as much as $10.4 billion down to just $8.8 billion. Betsy Cohen-backed blank-check company FinTech Acquisition Corp V, the SPAC firm that is merging with eToro for the purpose of the IPO, revealed in an SEC filing that the required closing conditions for the deal by December 31, and hence… Read More Here
Top 5 Israel IPO Stories For December 2021
Israel is also known as Startup Nation. And startups look for an exit, either getting bought out by another firm or by going public – holding an initial public offering IPO.
Plenty of Israeli firms went public in 2021. Here is the JBN list of the five top planned IPOs that were announced in December… Read More Here
Other Business Stories
Teva Loses New York Lawsuit Over Painkillers – Stock Plummets
Israel’s Teva Pharmaceuticals was found guilty just as 2021 was coming to an end of contributing to America’s opioid crisis. A jury in New York State found that Teva had in fact promoted the use of addictive painkillers.
The verdict by the Suffolk County jury came just before the year 2021 came to an end. The weekend New Year’s holiday meant… Read More Here
Elbit Systems Signs $53 Million Deal With UAE For Aircraft Defense
Israeli defense company Elbit Systems Ltd., through its subsidiary in the United Arab Emirates (UAE), Elbit Systems Emirates Limited, was awarded an approximately $53 million contract to supply Direct Infrared Countermeasures (DIRCM) and airborne Electronic Warfare (EW) systems for the Airbus A330 Multi-Role Tanker Transport aircraft of the UAE Air Force. The contract will be performed over a… Read More Here
Goldman Sachs Plans To Expand Its Tel Aviv Employees, Report
Noting that Goldman Sachs was the lead adviser on a record number of Israeli initial public offerings in the United States in 2021, “Bloomberg” reported that the Wall Street firm intends to double its Israel staff to around 30, adding five investment banking employees and expanding its asset management and private wealth teams in Tel Aviv.
Since the recent diplomatic breakthrough that established ties between Israel and four Muslim-majority countries, including the United Arab Emirates, Goldman Sachs has worked to increase business for Israeli companies in the Gulf and touts the prospect of investments by the region’s wealth funds… Read More Here