In 2021, kibbutz industry revenue exceeded NIS 50 billion, marking a 4.6% increase from the previous year. Revenue per worker was estimated at NIS 1.5 million, higher than the Israeli industry average of NIS 1.2 million. Read this Globes report into the kibbutz sector.
Author: Idan Nishlis
Following October 7 attack, there have been many initiatives of support around the country. One of them aims to prevent the young individual survivors of that day from falling into a cycle of dysfunction, dependence, and neediness. The Rishphon Healing Space and the Youth of Light Association have developed a special vocational training program for […]
In the Spotlight: In our ‘In the Spotlight’ table, we catch up Alexander Gold, head of the firm’s Israel Desk. What are the primary strategic objectives for the Israel-focused legal team in the upcoming year, and how do they align with the overall goals of the global law firm? Our strategic objective has changed since October […]
Isracard will provide a cumulative line of credit of up to NIS 200 million to Credit 24, a fintech company that has developed machine learning and artificial intelligence technologies. Founded in 2015, Credit 24 has developed a technological platform for providing consumer credit based on artificial intelligence and machine learning, which enables automatic analysis of […]
Software company Entrata acquired its second company in a year with the acquisition of the rental industry’s Colleen, which provides artificial intelligence-based tenant communications and leasing operation support. This is Entrata’s second acquisition in 12 months, having bought Rent Dynamics in July 2023. According to Entrata, incorporating Colleen AI into its operating system will further […]
Dor Alon is buying 75% of the Kafu Zan Group, the veteran company and a leader in manufacturing, importing and marketing. Valuing the target at NIS 200 million, this acquisition will enable Dor Alon to significantly expand its activities in the food sector, while creating a significant competitive advantage and strengthening its position as a […]
Semperis, a pioneer in identity-driven cyber resilience, has secured USD125 million in growth financing from J.P. Morgan and Hercules Capital. Semperis is headquartered in Hoboken, New Jersey, and operates internationally, with its research and development team distributed throughout the United States, Canada, and Israel. This followed a USD200 million Series C round in 2022 led […]
In another hospitality-sector bankruptcy sale, the iconic William Vale Hotel in Williamsburg, New York has been sold for USD177 million, concluding the nearly four-year restructuring of more than USD750 million of bonds issued by All Year Holdings Limited. The transaction, which followed a three-year ownership restructuring and litigation process led by Asaf Ravid, Chief Restructuring […]
NASDAQ listed JFrog is buying Israeli start-up Qwak for USD230 million in an all-Israeli deal in the field of AI. With the acquisition, JFrog, which is traded on Nasdaq with a market cap of USD3.6 billion, aims to offer a unified and scalable solution for DevOps, Security, and MLOps stakeholders, enhancing its machine learning (ML) […]
In our series of getting to know the Israel Desks at global law firms, we continue with Yariv Ben-Ari, partner in Herrick‘s Real Estate Department and a co-chair of both the firm’s Israel practice group and Real Estate Hospitality group. What are the primary strategic objectives for the Israel-focused legal team in the upcoming year, […]
