Wix, the Israeli firm that has developed a do-it-yourself platform to create websites, is to buy Tel Aviv-based startup Rise.ai, a developer of gift-card and store-credit software that allows e-commerce firms to re-engage with their customers. Tadmor Levy represented Rise.ai in its acquisition by Wix.com. The team comprised Elie Sprung, Yarden Navry, Boaz Feinberg and […]
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Taylor Wessing in partnership with British Embassy Israel, have announced that they are to launch new joint venture – The VC Club. The Club is comprised of over 30 member VCs from the UK and Israel and will discover new innovation trends and access high-quality start-up deal flow by building strong relationships, sharing business intelligence […]
Israeli startups raised USD 2.2 billion in April 2021, according to press releases from the companies and their investors. This was the second successive month in which Israeli startups raised more than USD 2 Billion, after raising a record USD 2.8 billion in March. Israeli tech companies raised USD 5.4 billion in the first three […]
Valmont Industries, Inc., a U.S. maker of irrigation and infrastructure equipment, announced its agreement to buy Israel’s Prospera Technologies, a maker of artificial intelligence-based sensors and cameras for monitoring crops, for USD 300 million. The merging of the firms will create the “largest global, vertically-integrated artificial intelligence (AI) company in agriculture,” the companies said in […]
Agmon & Co. Rosenberg Hacohen & Co. is representing Delek Drilling in a complex and unprecedented reorganization process. The new company, NewMed Energy will be dual-listed on the TASE and LSE, allowing the company to expand its global activity and reach. Leading this process are Advs. Shirel Guttman-Amira, Ran Shalom, Dan Hacohen, Ze’ev Gutreich, Liraz […]
Israeli-US universal data storage solutions company VAST Data has announced the completion of a USD 83 million Series D financing round at a company valuation of USD 3.7 Billion. The company has more than tripled its valuation since raising USD 100 million (also represented by H-F & Co.) in April 2020 at a company valuation […]
Super Group, the parent of the sports betting brands, Betway and iGaming brand Spin, has agreed to be taken public in a USD 4.75 Billion in a SPAC deal with Sports Entertainment Acquisition Corp. The combined company, valued at USD 4.75 billion pre-money, will aim to make headway in a multi-billion-dollar U.S. sports betting market […]
Bryan Cave Leighton Paisner (“BCLP”) has advised Rafael Advanced Defense Systems (“Rafael”) on a new joint venture agreement with Abu Dhabi-based technology company Group 42, an artificial intelligence and cloud computing company, to provide commercialised artificial intelligence (AI) and big data technologies. Israel state-owned Rafael has more than 70 years of experience in the defence […]
Greenberg Traurig has advised Israeli medical device company, Memic Innovative Surgery (“Memic”) on the completion of its USD 96 million Series D Financing Round. Memic is dedicated to transforming robot-assisted surgery with its proprietary technology. Leading GT’s team as US Counsel for Memic were Bob Grossman, Chair of Greenberg Traurig’s Israel Practice; and Miami Corporate […]
Yigal Arnon has advised Zscaler, Inc. in its acquisition of Cloud Infrastructure Entitlement Management (CIEM) player — Trustdome — for an undisclosed amount. The transaction was led by partners Ben Sandler, Ezra Gross and Ofir Levy. The acquisition will not only help Zscaler tap into the Israeli market where it plans to expand its presence, […]
