September Edition 2019

36 37 Roundup of Market Trends and News from Israeli Financial Press (July-September 2019) 03 Academia and IDF behind tech growth; not Government Web Link Infrastructure fund Generation Capital raises whopping NIS 525 million, for a company with a NIS 325m market cap. GC focuses on investment in infrastructure and energy: power, natural gas, transport, the environment, water, and so forth. Web Link Scientists weigh in on saving the Dead Sea and the Red to Dead project Web Link Israeli cybersecurity co BigID raises USD 50m in Series C round Web Link US Venture Fund Stage Fund buys Israeli cybersecurity co Cymmetria Web Link Singapore-based Clermont Group buys %70 equity stake in Israeli electric aircraft development company Eviation, to be merged into Clermont Aerospace Web Link Israel's largest solar energy project inaugurated - Ashalim in the Negev desert meets the needs of 70,000 households Web Link Eduardo Elsztain's IRSA will inject NIS 210 million into the IDB, the Israeli holding company, over two years. Web Link Israel Innovation Authority data show that the number of tech employees in Israel has risen to nearly %9 of the workforce. Web Link Leading carmakers realize Tel Aviv’s mobility tech hub is here to stay - Israel leads auto-tech Web Link German sports car manufacturer Porsche has made an investment in Israeli fabless semiconductor company TriEye Web Link Israel and South Korea complete free trade agreement talks Web Link Amazon launches in Israel Web Link Israeli cryptocurrency company INX Crypto and Derivatives will be the first company in the sector to submit a prospectus for an initial coin offering (ICO) with approval from the SEC. In contrast to earlier ICOs, conducted without regulatory approval and called ICOs, INX's ICO will be classified as an IPO, because it involves a security. Web Link Israeli-Canadian medical aesthetics company Venus Concept, which has 100$ million in annual revenue, is slated to complete a merger with Nasdaq-listed Restoration Robotics Web Link