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. […]
Author: Idan Nishlis
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 […]
2021 has seen unprecedented growth in the Israeli tech industry. To make sense of events this year and prepare for 2022, Herzog Fox & Neeman’s Tech division partners Yair Geva and Yuval Zilber, with associate Miri Wang partnered with Frost & Sullivan Israel to create a comprehensive report which outlines data and insights on the remarkable growth. […]
Global merger and acquisition (M&A) activity shattered all-time records in 2021, comfortably erasing the high-water mark that was set nearly 15 years ago, as an abundance of capital and sky-high valuations fueled frenetic levels of dealmaking, according to an analysis of Dealogic data. Technology and healthcare, which typically account for the biggest share of the […]
We caught up with Yis Hiller, who leads Asserson’s newly formed US Litigation and Dispute Resolution practice. Yis is a dual-qualified US-UK lawyer who sits in Asserson’s Tel Aviv office. Yis joined the firm ten years ago as a US litigator after having worked at several top US law firms. Yis qualified as a British […]
Meshek Energy has signed an agreement to buy 40% of Dalia Energy from Mishkei Hakibbutzim, a major commercial organization of the kibbutzim in Israel, at a value of NIS 3.2 billion. Mishkei Hakibbutzim is the owner of one of the largest private power plants in Israel. Upon completion of the transaction, Meshek Energy will become […]
