Competition intensifies in the air conditioning sector as Newpan, the leading importer of electrical and electronic products in Israel, and Danya, a construction and infrastructure company, have established a new joint company in the field of air conditioning. Part of Lapidot Capital Group, Danya was represented by partner Gadi Graus of Shibolet Law Firm. The […]
Author: Idan Nishlis
Fast-charging battery startup StoreDot hits USD 1.5 billion valuation in Series D financing. The Israeli company has so far raised USD 60 million in the round, led by VinFast but isn’t closing the round yet in order to allow additional strategic investors from the automotive industry, who are still assessing its technology, to join. The […]
IEC – Israel Electric Corporation and the UK-based private equity firm Energy Growth Momentum have agreed to a USD 17 million series B financing round in the Israeli startup, EGM Ltd. EGM’s technology promotes smart grid, and the financing amount is designated to enable the development and deployment of EGM’s system to monitor and analyze […]
After “Alon Tavor” and “Ramat Hovav”, the IEC sold “East Hagit” power station to the Shikun & Binui-Edeltech consortium in consideration for NIS 1.6 billion. The tender process was led by S. Horowitz‘s Litigation/Tenders Practice Groups, partner, Lior Mimon, together with associates Lina Makhuli and Or Schaffer.
Gov. Hochul announced goals for a Replacement 421-a Program. Yariv Ben-Ari, partner in Herrick’s Real Estate Department and a co-chair of the firm’s Israel practice group, commented on the new program by saying: “When investing in residential real estate in New York, the 421-a program, and it’s various iterations, have always been a meaningful incentive. […]
The 75 IPOs of Israeli companies (including 23 on Wall Street) symbolize a transition in the mindset of Israeli startups, founders and investors, who now view an IPO (and not only M&A) as a viable exit alternative. This is just one of the major insights from the latest IVC-Meitar report on the technology sector. Read […]
Israeli tech companies raised USD 25.7 billion in 2021, more than double the record USD 10 billion raised in 2020. Read here. These figures come off the back of a 70% jump in overall M&A deal value in Israel in 2021, compared with 2020, according to the PwC Israel 2021 M&A Report, also just released. […]
Noname Security has raised USD 135 million, at a USD 1 Billion valuation mark, making it the latest start-up to join the cybersecurity unicorn club. Led by Georgian and Lightspeed, with participation from Insight Partners, Forgepoint and others, the funding will be used to expand its R&D. The funding comes just six months after Noname […]
Israeli animal-free dairy startup Remilk has completed its Series B funding round, believed to be USD 120 million at a USD 325 million valuation, 10 times its valuation from one year ago. The Series B was led by Hanaco Ventures and included Rage Capital, CPT Capital, Precision Capital, Tal Ventures, Chartered Group, Israeli dairy giant […]
Google has bought Israeli cybersecurity company Siemplify for a reported USD 500 million, according to TechCrunch, in what is Google’s first major acquisition of an Israeli company since it bought traffic satnav app Waze in 2013 for over USD 1 billion. Founded in 2015, Siemplify has developed an automated, rapid threat response systems for organizations […]
