Israel Active

Israeli tech companies raised $5.6 billion in 212 deals in the first quarter of 2022 – slightly more than the $5.4 billion raised in the same quarter last year. There were also 39 exits (including 7 IPOs) that raised nearly $9 billion.

Israel’s BionicHIVE (see previously) has received funding from the new Amazon Industrial Innovation Fund, which invests in emerging technologies. Previously Elon Musk recommended BionicHIVE to his 42 million Twitter followers.

Over 50 countries participated in Tel Aviv’s 28th International Mediterranean Tourism Market. At the expo, Israel’s President Herzog declared, “Israel offers a truly unmatched experience of ancient holy sites, cities that never sleep, exquisite natural beauty, a mosaic of cultures, and an innovative society.”

Israeli-based Tnuva is investing $7.5 million in partnering Israeli biotech Pluristem Therapeutics. They have formed a joint company NewCo to create meat and dairy products from animal cells, using sustainable technology.

Israel’s largest supermarket chain Shufersal has partnered Israel’s Via Transportation to create an efficient digital distribution system. This is the first time that Via will move from smart (ride-sharing) transportation into the logistics space. It will help Shufersal reduce cost, fuel use and air pollution.

Leading US investment firm General Atlantic is opening a Tel Aviv office. General Atlantic manages some $84 billion of assets and has invested $750 million in eight Israeli tech companies since 2019. It says Israel “stands out as a hub of global entrepreneurship and digital transformation”.

The David Kempinski luxury hotel has opened overlooking the beach on Hayarkon Street in Tel Aviv. It is the 80th hotel in the Kempinski European hotel group, with 34 floors and 250 rooms. It includes 43 suites, massive, floor-to-ceiling windows in every room, to bring in the sea air and views.

Intel has selected another 10 Israeli startups for its sixth Intel Ignite Tel Aviv acceleration program. Redefine.dev, Verobotics, Xyte, Senser, Predicta Med, Kahoona, Volumez, PxE Imaging, Dual Bird Technologies, and Oligo Security. This is the first mention in this newsletter for all these startups.

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