DoorLoop, an Israeli startup that develops a property management platform, has raised USD100 million from the U.S. investment fund JMI Equity. According to sources, this fundraising round valued the company at approximately half a billion dollars. DoorLoop has introduced technological innovation to the property management market, a field traditionally dominated by established companies. DoorLoop was […]
Author: Idan Nishlis
Cybersecurity firm Armis Security closed a USD200m Series D led by Alkeon Capital and General Catalyst, along with existing investors Brookfield and Georgian. They join the company’s other backers, which include Insight Partners, CapitalG, and One Equity Partners. According to Bloomberg, the company is targeting an IPO in 2026. Sidley and Meitar, led by Itay […]
We express our deepest condolences to his family. As a founding partner of Shibolet & Co., Yaacov was a visionary whose remarkable writing and drafting skills significantly influenced our field. He was not only a master in his profession but also a beloved friend and advocate for the community. His contributions and legacy will continue […]
Israeli startups have shown remarkable resilience, raising USD 7.22 billion in the first nine months of 2024, a 32% increase from the same period in 2023, according to IVC-LeumiTech’s quarterly survey. This achievement is particularly noteworthy given the ongoing war, indicating a robust investor confidence in the tech sector despite the challenges faced by the […]
In his weekly report, Meitav Investment House’s chief economist Alex Zabezhinsky offers a more optimistic perspective on Israel’s economic outlook, contrasting with recent negative assessments. He states, “Market sentiment, though justifiably cautious, leans too negative. While there are notable risks, the primary economic forecast shows reduced threats to growth and the budget deficit for 2025, […]
We spotlight Lee Hochbaum, an M&A partner and co-head of Davis Polk’s Israel practice. In 2023, Lee was named a “Dealmaker of the Year” by the New York Law Journal for his work advising financial institution clients in the recent banking crisis. As a co-head of the Israel practice, Lee has advised on numerous merger […]
Rail Vision, an Israeli company specialising in railway safety and automated solutions, has announced a USD 20 million standby equity purchase agreement. This agreement, often used to provide financial flexibility, allows Rail Vision to raise capital as needed by issuing shares up to the agreed amount over time. Greenberg Traurig acted for Rail Vision Ltd. […]
Israeli DevOps startup Port IO recently closed a USD 35 million Series B funding round. Goldfarb Gross Seligman (GGS) represented several major investors, including lead investor Accel Partners, as well as Bessemer Venture Partners, a participating investor. The GGS team representing Accel Partners included Michael Heller, Gal Barak, Aviv Toby, and Gal Dayan-Sion from the […]
Israeli electric scooter manufacturer Inokim and U.S. retailer Best Buy successfully defended against lawsuits filed by certain Inokim shareholders. The plaintiffs alleged that Herrick clients Inokim, Best Buy, and co-defendant eBay breached a licensing agreement and engaged in tortious interference related to the distribution of Inokim’s electric scooters. On October 7, the New York Supreme Court […]
Israeli cybersecurity unicorn Cyera is set to acquire fellow Israeli startup Trail Security for USD 162 million. Industry estimates suggest that the majority of the transaction will involve Cyera’s shares. Cyera, a private company, reached a valuation of USD 1.4 billion in its latest funding round in April 2024. Trail Security, founded in 2023, remains […]
