Monthly Archives: December 2020

Investment up 20% with a month to go

Start-Up Nation Central reports that capital raised by Israeli startup companies is breaking records in 2020 despite the Covid-19 crisis. Israeli companies raised $9.5 billion in the 11 months of 2020, eclipsing 2019’s $7.7 billion total for the whole 12 … Continue reading

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Hiring staff? Watch the video

Israel’s myInterview allows companies to see and hear recruitment candidates without the need for face-to-face meetings – useful in these coronavirus times. Candidates record videos to promote themselves and the recruitment team can watch, review and agree whom to invite … Continue reading

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New record for currency reserves

Israel’s reserves of foreign currency soared again last month. At the end of November, Israel held nearly $167 billion of foreign currency – over $6 billion more than at the end of October. https://www.boi.org.il/en/NewsAndPublications/PressReleases/Pages/07-12-2020.aspx

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Lower housing costs

The Israeli government has approved plans to lower housing costs throughout the country. Housing units subsidized by the government will be listed alongside properties on the free market. It will create competition and lower the cost of living for eligible … Continue reading

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InvestiNation

Israel’s InvestiNation is a new equity crowdfunding platform, offering accredited US investors access to Israeli early-stage startups in fintech, ed-tech, construction and property technology. https://www.israel21c.org/new-equity-crowdfunding-platform-launched-in-israel/

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eToro value soars

An unnamed US institution just bought $50 million of shares in Israel’s eToro (reported here previously). It values the company at a staggering $2.5 billion, turning it into another Israeli Unicorn. eToro’s clients now number over 16 million, who use … Continue reading

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Reacting to Covid-19

Israeli medical AI triage platform Diagnostic Robotics (reported here previously) used the coronavirus pandemic to successfully change its focus and operations. It split its workforce into two, to reduce the risk of infections and formed a digital health partnership with … Continue reading

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Predicting property values

Israel’s Propdo AI develops technology capable of predicting residential real estate property prices. Its algorithm and data-based tools produce a projected valuation of a prospective purchase.  The company will initially operate in the Israeli real estate market. https://www.calcalistech.com/ctech/articles/0,7340,L-3877897,00.html https://ai.propdo.com/

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Investment in Israeli startups: 13/12/20

Wiz raised $100 million; Firebolt raised $32 million; Salt Security raised $30 million; SeeTree raised $30 million; Biosight raised $27million; Brainsgate raised $14 million; Gigantic (Clawee) raised $7 million; Cylus raised $7 million; SixAI raised $5 million; myInterview raised $5 … Continue reading

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Israeli hi-tech on display in Dubai.

. For the first time, Israel participated at Dubai’s Gitex exhibition – the world’s largest digital exhibition. Export Institute Director Gadi Arieli called it “a milestone in building a platform for developing economic relations between us and the Emirates.” 130+ … Continue reading

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