Israel’s Kenaf Ventures (see here previously) is based in Kibbutz Kfar Aza, one of the communities hardest hit on Oct 7. The company is refinancing its business based on the kenaf plant. The kenaf absorbs large amounts of CO2 and … Continue reading →

Eleos Health raised $40 million; Vulcan Cyber raised $34 million; Ingonyama raised $20 million; Refine Intelligence raised $13 million; Guidde raised $11.6 million; lunar.dev raised $6 million; Entrio raised $3.5 million;

Israeli solar panel cleaning companies Solar Drone and Bladeranger have merged.

Most large Israeli companies are staying strong during the war. They include Teva, whose results far exceeded market expectations. https://www.calcalistech.com/ctechnews/article/rkpnrmfqa  

Israel’s Monday.com (see here previously) supports some 360 different civilian-led projects including coordinating volunteer activities and locating homes for displaced people.  Despite having 100 employees in the IDF and reserves, Monday.com made $7 million last year. https://www.calcalistech.com/ctechnews/article/h15lenent

Israel’s Built Up Ventures and Besadno Group have launched a new Security Fund. The emergency Impact Investment Campaign is raising capital for its portfolio and affiliate companies involved in the defense, homeland security, and essential medical care sectors. https://www.israel21c.org/promo/__trashed/

Western Galilee Now’s Support Packages enable people to send gift boxes to evacuees, soldiers or any loved one in Israel. The boxes are filled with premium products sold by small Galilee and Negev-based businesses who are suffering loss of income … Continue reading →

Israel’s Defense Ministry is ensuring that key suppliers do not suffer from cashflow problems. It has paid more than four billion shekels to thousands of small and mid-sized suppliers and manufacturers with a quarter of this going to those on … Continue reading →

Israel’s Agriculture Ministry has promised to double the wages of farmhands in fields close to the Gaza and Lebanon borders. It seeks to lure out-of-work Israelis to take up jobs on farms. Israel is also hiring up to 10,000 farm … Continue reading →

Azerbaijan has bought a Barak MX air defense system from Israel Aerospace Industries from $1.2 billion. Its purpose is said to protect Azerbaijan against the threat from Iran. https://en.globes.co.il/en/article-azerbaijan-buys-12b-israel-aerospace-barak-missile-system-1001462371