There are currently 400 Israeli companies in existence that provide various services, employ around 350,000 workers total, and are not listed on the Tel Aviv Stock Exchange (TASE), a recent investigation by TASE’s Economics Department showed. Read more in this interesting piece in the Jerusalem Post.
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Israeli exports projected to reach record USD 165 billion in 2022, according to data from H1 2022 and FTA forecasts. Tech exports including programming and software, IT consulting and IT services accounted for 46% of all services exports in 2021, according to the report, while scientific R&D and scientific and technical services made up 17% […]
Israeli real estate investment trust (REIT) company Sella Capital continues to expand and has bought office and commercial space in central Israel for NIS 431 million. The company has agreed to buy six floors of offices and 90 underground parking spaces in the North Ha’arba’ah Tower in Tel Aviv as well as 80% of a […]
The Livnat family has agreed to sell 49% of its holdings in veteran Israel server farm operator MedOne, to U.S. private equity firm Berkshire Partners and to businessman Grant Van Rooyen, for a consideration reflecting a company’s valuation of approximately NIS 1.5 Billion. The Livnat family is exploiting the momentum in server farm construction in Israel […]
Azrieli Group, the leading real estate group, has issued NIS 3 billion in bonds on the Tel Aviv Stock Exchange. Gross Law acts for one of the country’s leading real estate groups and mall operators, with attorneys Yuval Eden and Mor Itzhak of the firm’s Capital Markets instrumental on the deal. The issue comes after the Israeli real estate […]
A consortium led by Israel-based Gadot Group and included India-based Adani Group, won the tender for the privatization of the Haifa Port. In the final pricing tender stage Gadot and Adani outbid three other competing groups for the acquisition of 100% of Haifa Port’s shares, with a NIS 4.1 billion offer. Privatization of Haifa Port […]
2021 was the best year ever for Israeli tech sector with record investments in startup companies (total of over USD 23 Billion). According to the IVC-Gross Investors Report 2021, financial paper Globes, ranked the most active VC funds investing in Israeli tech, in 2020 and in 2021, and the Israeli law firms that act for […]
DLA Piper have shared a vital client update about the proposed EU AI Regulations set to impact organizations around the world. It is expected that the proposed regulation will be enacted in 2024 or 2025. Click here to read the update.
Venture capital funds are key players in the Israeli high-tech ecosystem and provide the main source of funding for start-ups. The Gross – IVC Report reviews the trends and activities of investors and venture capital funds. The newly published report outlines the amount raised by the funds, total investments made by each fund, the number of […]
Israeli consumer intelligence start-up Konnecto has raised USD 21 million in a Series A financing. Konnecto is one of the first artificial consumer intelligence platforms whose Path-to-Purchase Optimization platform offers highly targeted recommendations to increase online sales. The national U.S. firm, Lowenstein Sandler represented PeakSpan Capital as lead investor, with the team including Dotan Barnea, Anthony O. Pergola, Lesley […]
