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 […]
Author: Idan Nishlis
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, […]
Calcalist lists those start-ups raising funds in 2024: Discover who they are and what they are doing here.
Ground Up Ventures and Microsoft Israel R&D are launching the Liftoff program – designed to support 10 companies each year. It will focus on projects that solve significant and challenging problems such as energy supply, energy storage and smart grid, food security for a growing population, smart construction and sustainable construction, defense and the future […]
Founded two years ago with an initial NIS 1 billion, Israel’s Citizens Fund now holds almost NIS 6 billion from gas production profits.. By June 16, 2024, levies reached NIS 6.85 billion. The Israel Tax Authority revised its forecast, projecting NIS 55-72 billion collections from gas, oil, and resources, up from NIS 45-53 billion due […]
A huge deal was signed between the Bank of Jerusalem and Migdal Insurance and Financial Ltd., as a result of which the two companies will cooperate in providing housing loans totaling NIS 1.8 billion. Meitar advised the Bank of Jerusalem, which will be responsible for operating and managing the joint portfolios of mortgage borrowers. This […]
