German retail and cloud computing company, Schwarz Group is buying XM Cyber, the Israeli hybrid cloud cybersecurity firm co-founded by former Mossad chief Tamir Pardo, for USD 700 million. Founded in 2016, XM Cyber has developed a platform that simulates organized cyberattacks so companies can learn of the best ways to respond to them. XM […]
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New cryptocurrency regulation comes into force, enabling Israeli banks to accept profits from digital currency trading without falling foul of anti-money laundering legislation. The money laundering prevention ordinance will apply to all providers of financial services: fintech companies, credit providers, and cryptocurrency companies. Read more here.
Many entrepreneurs struggle with the question of “how and when you should patent your invention.”Dr. Kfir Luzzatto of The Luzzatto Group puts that question into perspective in his recent Jerusalem Post op-ed article. The question hinges on whether, while considering it, you are still a “dreamer” or already an “inventor.” Our world is moving ahead […]
Israel and Australia discuss free trade agreement, with Economy ministers agree on kicking off preliminary talks as early as January, according to a recent article published in Ynet. Israeli export of goods and business services to Australia in 2020 amounted to about USD 736 million while imports amounted to about USD 325 million with a […]
Compugen completed a $20M dollar PIPE by American bio-pharma company, BMS, marking and reinforcing the continuation of the strategic cooperation between two companies. In return for the investment, BMS received 2.3 million Compugen shares at a price of $8.57 per share, representing a 33% premium on the closing price of the share prior to the date […]
Clearwave, one of the fastest-growing SaaS platforms in digital patient engagement, announced a strategic growth investment from Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies. William Blair & Company served as financial advisor to Clearwave and Goodwin Procter served as legal advisor to Great Hill. Great Hill was also advised […]
American growth equity firm Providence Strategic Growth (“PSG”) has led a Series A-2 investment of USD 205 million in Lusha Systems, a crowdsourced data platform for B2B sales, at a valuation of USD 1.5 billion. The round was led by PSG, with additional investment by ION Crossover Partners, bringing total investment in the company to […]
On-demand delivery giant, DoorDash is to acquire Wolt in a USD8 billion deal that is expected to close next year. The acquisition is the second acquisition for DoorDash in 2021, after acquiring Chowbotics earlier this year. Founded in 2014, Wolt is a Finland-based company that contracts out couriers to deliver takeout, groceries, and other goods […]
In this bumper November edition of Israel Desks magazine, we take a deeper dive into how the Abraham Accords are developing, one year after their signing at the White House. We catch up with thought leaders and those in the commercial trenches, from Herzog and Shibolet, to Greenberg Traurig, DLA, BCLP, and more. Building on this […]
Gornitzky advised Group 11 in the launch of the very first VC fund listed on the TASE UP platform – An innovative platform designed by TASE for private companies to access capital from institutional and qualified investors. The fund was represented by partners Dr. Eyal Raz, Sharon Werker-Sagy, Daniel Paserman (Head of Tax), Gila Ponte-Shlush and Dr. Assaf Prussak, together with […]
