Israel Active

Israel’s StructShare develops a construction procurement and inventory platform for specialty contractors. It aims to solve chronic inefficiencies across the supply chain using digital tools and data analysis to simplify materials purchasing and associated accounting processes.

Israel’s Reeco has developed a marketplace that connects hospitality buyers and suppliers. Hotels and other buyers order anything from food and beverage to cleaning supplies. Reeco’s AI system fulfills the order from its network of hundreds of suppliers, based on price, availability, and timescale.

Israel’s Zorro is a financial management services provider for employees, employers, and brokers. It offers a mobile application to help employees manage their expenses, track their bills, and receive financial guidance. It enables employers to offer personalized schemes to staff.

Israel’s Electreon (see previously) is partnering Toyota Motor Corporation and automotive component manufacturer DENSO to develop Electreon’s wireless charging kits for Toyota Electric vehicles. The EVs will eventually have the charging technology built in.

Food prices in Israel are expected to fall thanks to the imminent opening of new supermarkets SPAR, 7-Eleven and Carrefour. US giant Costco has also been invited to join the party. Israeli supermarket Shufersal has invested NIS 28 million in SPAR and will sell its lower-priced products.

Plurinuva / NewCo, the partnership between Tnuva and Pluristem (see previously), is now rebranding itself under the name Ever After Foods. It has built a production capable of supplying cultured meat products to the market on an industrial scale.

Israel's unemployment rate, seasonally adjusted, fell to 3.9% in Feb 2023 from 4.3% in Jan.

Korean giant Samsung is to fund selected Israeli startups with $50,000 each and provide them with support over a six-month period. The focus is cameras, power, audio, on-device AI, AR, sensors, foldables, wearables, environment, and sustainability, and advanced materials.

Three Israeli hotels have won 2023 Forbes Travel Guide Star Awards - the self-described “global authority on luxury hospitality.” They are the Setai, Jaffa, the Ritz-Carlton Herzliya, and the Norman, Tel Aviv.

raised $46 million; raised ; raised ; raised ; raised ; received from Japan's Automotive Fund.