IoT company, Sternum has completed a USD 27-million Series B funding round led by Spark Capital, with the participation of existing investors Square Peg capital, the Hinrich Foundation, the European VC firm btov, and other private investors. Boston-headquartered Goodwin advised Sternum on the transaction. This is believed to be one of the largest amounts ever raised […]
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Dechert and Naschitz Brandes Amir, as local counsel, acted for Slinger, a leading connected sports company, in its USD 82 million acquisition of Israeli-based sportstech company PlaySight Interactive Ltd. The Dechert cross-border team involved lawyers from its London, Philadelphia, New York and Boston offices, including corporate partners Douglas L. Getter and Stephen M. Leitzell; counsel James Stonehill; […]
Aspire Global has finalized an agreement to sell its B2C segment to the US-based Group, Esports Technologies. Consideration for the deal amounts to approximately €65 million, comprising cash, debt and shares. The transaction also includes an agreement whereby Aspire Global will provide platform and management services to the purchaser for a period of four years, […]
Softbank Vision Fund II leads investment in Series C financing of Israel’s StreamElements. “This is once again an exciting investment by Softbank in an innovative Israeli company at the forefront of the converging industries of technology, gaming and marketing,” said White & Case partner Dan Turgel, who led the Firm’s deal team. StreamElements is an […]
Erdinast, Ben Nathan, Toledano & Co. With Hamburger Evron and DLA Piper have acted for Israeli 4D imaging radar solutions for smart cars developer, Arbe Robotics Ltd. in its successful de-SPAC merger with Industrial Tech Acquisitions, Inc. and its listing on the NASDAQ. Arbe was represented by EBN partners Shay Dayan and Lior Etgar, along with attorneys Bar Fenster, Shmarya […]
Israeli AI chip maker Hailo becomes newest ‘unicorn’ after USD 136 million investment, bringing the total raised to USD 224 million. The investment values the Tel Aviv-based start-up at over USD 1 billion. Founded in 2017, the company’s AI processor allows smart devices to run deep learning applications for industries such as automotive, drones, and […]
A joint effort between MizMaa Ventures and IVC Data and Insights has reviewed 100+ Israeli InsureTech companies across different verticals, seeking to discover the next generation of insurance technology companies. Some verticals are more crowded, such as automotive and life & health, and some are fairly new like crop, commercial and even drone insurance. Traditional […]
Israeli startups raised over USD 2.2 billion in September 2021, according to press releases from the companies and their investors as well as other sources, as reported in Globes. Israeli tech companies have now raised USD 17.5 Billion in the first nine months of 2021, already far above the record USD 10 Billion raised in […]
Tel Aviv-based start-up Adaptive Shield has closed a USD 30 million Series A funding led by Insight Partners as it looks to expand its business automating the security of software-as-a-service (SaaS) applications Additional funding came from Okta Ventures and existing investor, Vertex Ventures Israel. Adaptive Shield was represented by a Yigal Arnon team comprising Kobi […]
IBI Investment House Ltd. has joined forces with Africa-Israel Hotels to form a large-scale, first-of-its-kind hospitality fund in Israel with a total asset value of approximately NIS 1.2 billion. This deal is widely considered groundbreaking in the hospitality and private equity fund sectors in Israel. Shibolet partner Ram Spektor, co-lead of the firm’s Fund Formation […]
