Israel Active

US based Vine Ventures has opened a new office in Tel Aviv’s Sarona Market and said it will invest half of its new $140 million fund in Israeli startups. Meanwhile, the unrelated Sarona Ventures has launched a new $20 million fund focused on early-stage Israeli startups.

Israel’s Ministry of Energy and the Israel Innovation Authority have awarded a total of NIS 3.3 million to three Israeli startups. They are (compressed air energy storage), ZOOZ Power (previously – EV charging), and Seosol (drone scans to check solar panels).

For the first time in about a decade, an Egyptian delegation of 12 textiles and clothing industrialists and businesspeople met senior officials and business leaders in Israel. Meanwhile Israeli Interior Minister Ayelet Shaked flew to Morocco to invite Arab nurses to Israel.

Israeli financial companies have raised huge funds to invest mostly in Israeli startups. They include Titan Capital Partners ($100 million), US-Israel’s Greenfield Partners ($200 million), Israel Secondary Fund ($312 million) and Viola Credit ($700 million). More details of their plans in the following links.

Israel’s Stratasys (see previously) has been named an official partner of Toyota Racing Development (TRD). End-use parts printed using Stratasys additive manufacturing technology will be used for production vehicles in the upcoming Toyota GR Cup Series.

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U.S. chip giant Qualcomm is acquiring Israel’s for . Hong-Kong based Animoca Brands has bought control of Israel’s educational games startup   for .

Israel’s Electreon (see previously) has been testing a 1km recharging circuit in Brescia, Italy, since Nov 2020. Electreon is now on track to install an electric lane for shuttles and service vehicles at Milan Bergamo Airport. Maserati is also interested in using the technology at its factories.

Israel’s SuperMeat (see previously) has received a grant from Israel’s Innovation Authority. It will finance a high-throughput screening system for feed ingredients and supplements, plus cell scaffolds for cultivated meat, The project will benefit the entire cultivated meat industry.

Israel’s ReturnGO has developed an exchange-first returns platform for web-based retailers that simultaneously reduces refunds and waste. It offers to turn the returns process from a painful financial problem into a lever of revenue, and to improve the relationship with customers.