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, […]
Author: Idan Nishlis
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 […]
Sweden’s Evolution Gaming Group confirmed plans to buy Amsterdam-based iGaming technology firm Arcadia Gaming Solutions (AGS). The deal, subject to final conditions, is expected to close by year-end 2024. Evolution will pay an upfront cash sum of €2.5 million, followed by an additional performance-based earn-out in 2027. Founded in 2019 and managed by Arion Labs, […]
The Israel Innovation Authority has released a report assessing the state of the Israeli tech industry one year after the Swords of Iron war. The report highlights the industry’s critical role in the economy, with high-tech contributing over half of Israel’s exports, a fifth of its GDP, and a quarter of state revenues from income […]
Israel’s Communications Ministry has announced plans to open the cellular infrastructure market to new players, aiming to boost competition and enhance 5G support. The decision, pending a hearing, will allow entrepreneurs to operate cellular infrastructure using frequencies already allocated to existing companies. Currently, three networks operate in Israel—Pelephone, Cellcom and Wecom, and Partner and Hot […]
While regulatory challenges may impede the merger, its potential impact on Israel’s technological ecosystem warrants attention. Historically, Israel has fostered a diverse startup environment rather than concentrating on creating large corporations, a strategy that has fueled innovation across various sectors. However, with rapid advancements in AI and generative technologies transforming software development, Israel’s traditional focus […]
