$150 million fund for Israeli tech startups

Israeli VC company Greenfield Partners has closed a $150m fund to continue its strategy of supporting early growth stage Israeli and Israel-related technology and tech-enabled businesses.

BMW use Israeli tech to feel the road

Israel’s Tactile Mobility has signed a deal to provide BMW with its road-sensing software that allows smart cars to “feel the road” and adjust like a human driver. Volkswagen subsidiary Porsche has already invested in the Israeli startup (reported previously).

Investment in Israeli startups

raised ; raised ; raised ; raised ; raised ; raised ; raised ; raised ; raised ; raised .

Rivilus exits for $365 million

Singapore's Temasek is to acquire Israeli-based micro-irrigation company Rivulis for a reported $365 million. Temasek intends to retain Rivulis' current management, as well as its headquarters in Kibbutz Gvat. Rivulis’ 2019 sales were some $400 million. 400 of its 1800 staff are in Israel.

Point of Sale credit

Israel’s Jifiti (reported previously) has signed a strategic partnership agreement with Mastercard. Jifiti has grown from being purely an in-store gifting platform into enabling point of sale financing. Its technology allows banks and retailers (e.g. Apple & IKEA) to offer immediate credit by using Mastercard.

100 startups generated

The Tel Aviv municipality held Israel’s largest-ever bootcamp (reported previously). Speakers included MK Nir Barkat, OurCrowd’s Jon Medved, and IAI CEO Aharon Aharon.  Volunteers managed 100 projects, 20 speakers, and 60 mentors over Zoom calls and WhatsApp groups.

More success during Covid-19

Israeli transcription startup Verbit (reported previously) now has more than 120 employees and has raised a total of $65 million. 2020 has been its most successful year ever - growing to 500 paid customers (including Harvard and Stanford Universities) and seeing revenues grow fivefold.

Another tech fund

Israel-based Hetz Ventures has closed its second flagship fund totaling $77 million, bringing its total amount to $130 million. Hetz has invested in 10 pre-seed Israeli AI, Big Data, cybersecurity, fintech, and DevOps companies since its launch in 2018.

$100 million fintech venture fund

Israeli cybersecurity startup foundry Team8 has launched Team8 Fintech – a platform to establish and scale-up transformative financial technology companies. Team8 is investing $100 million, looking to satisfy the demand for digital solutions in a post-Covid-19 world.

A gem of a deal

The Israeli and Dubai diamond exchanges have struck a deal to boost trade. The Israeli Diamond Exchange will open an office in Dubai, while the Dubai Multi Commodities Center, an economic free zone, will set up shop in Ramat Gan, Israel, the base of the Israeli exchange.