As the Covid pandemic triggered consumer demand for new virtual-first tools, the startup scene in the education field has gained momentum, according to IVC Data and Insights. As of today, the EdTech vertical continues to experience a boom in venture capital, with median capital raised per deal having increased by X5 over the last five […]
Author: Idan Nishlis
The period between the beginning of 2021 to mid-2022 was in many ways out of proportion. To begin with, startups’ valuations were flirting with a bubble scenario. This is good for entrepreneurs in the short term but makes the industry less competitive and less sustainable. Next is the human capital front. While it’s a good […]
Israeli company Elmo Motion Control is being acquired by German corporation Bosch for USD 700 million. Founded in 1988 by Haim Monhait, who still serves as its CEO, Elmo develops motion control intelligence solutions. The company designs and manufactures ultra-advanced servo drives and network motion controllers that are integrated into a wide variety of applications […]
Vision Sensing Acquisition Corp (“VSAC”), a Nasdaq listed SPAC, is merging with Israeli optical sensor company Newsight Imaging Ltd., after which Newsight is expected to list on Nasdaq, with a combined value of USD 380 million. Newsight develops advanced CMOS image sensor chips for 3D machine vision and spectral analysis, including for LIDAR laser sensors […]
Delek Auto’s sustainability unit Veridis is in talks to acquire Infinya, formerly called Hadera Paper, from FIMI for NIS 2.35 billion. According to Israeli financial newspaper Globes, FIMI, controlled by Ishay Davidi, acquired Hadera Paper as it was then called in 2014. The company has undergone a major transition from reporting annual losses of NIS […]
This February, Bloomberg reported over 1,000 unicorns globally, and Israel – with just 0.1% of the global population – accounts for some 8%. Tel Aviv was ranked seventh in an annual survey of the world’s most attractive ecosystems for start-ups by US research firm Startup Genome. In 2021, Tel Aviv’s start-up ecosystem was valued at […]
Israel’s Government Companies Authority will meet shortly to kick-start the privatization process for the Israel Postal Company. The privatization of the Israel Postal Co. is part of the government’s recovery plan for the company. In June the Ministers of Finance and Communications agreed the recovery plan, which includes a NIS 1.7 billion loan, with the […]
Shikun & Binui has reached financial close on another major project – the Kiryat HaModi’in project in the Negev. The infrastructure company raised NIS 4.2 billion for one of the largest construction projects in the country’s history. The group of financiers was led by Discount Bank and the Harel Insurance Company. Herzog ’s Project Finance team […]
Ceragon Networks Ltd. (NASDAQ: CRNT), a global 5G wireless communications equipment provider, has successfully defended against a hostile bid and a proxy fight in an attempt to take control of the Ceragon Board. Ceragon’s shareholders demonstrated their support in Ceragon’s Board of Directors by overwhelmingly dismissing an attempt made by Aviat Networks Inc., Ceragon’s U.S. competitor, to oust […]
Public company Tufin Software Technologies Ltd. has been acquired by Turn/River in an all-cash deal worth about USD 570 million. Tufin is a pioneer of policy-centric approach to security and IT operations, while Turn/River Capital, an operationally-focused software investment firm Meitar acted for NYSE-listed Tufin, with the team led by Shachar Hadar, Ran Camchy, Matthew […]
