Israel Active

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Israeli fintech startup Finaro, formerly known as , has been acquired by US payments company Shift4 for $575 million.

When the founders of Israel’s nSure.ai started their previous company, they were pleased with initial sales, only to find that 40% involved fraudulent credit cards. Exiting approval systems were ineffective, so they so they decided to solve the problem by building their own.

Israel’s Nutritional Growth Solutions (see previously has announced that US giant retailer Walmart will sell NGS’s Healthy Heights line of children’s growth-support protein shakes on its on-line platform. They will also be available via the RangeMe online marketplace.

Israeli Venture Capital firm Cyberstarts (see previously) has launched its third VC fund - a $200 million Opportunity Fund, for follow-on investments in growing cybersecurity companies. Cyberstarts’ first fund is one of the world's best performing funds, averaging 300% annual return.

Israeli crowdfunding platform OurCrowd is hosting a virtual event “New Frontiers in 3D Printing” on 8th March at 6pm Israel time (11am ET). Speakers include from Israeli 3D startups (Oshi), and and features a new video about the Plantish 3D-printed vegan salmon.

Israeli food giant Tnuva has launched a Tnuva NEXT - new venture capital fund focused on investments in food tech startups and companies. Tnuva invested some NIS 30 million in 2021 including the Fresh.Start incubator in Kiryat Shmona (see previously).

Israel’s Economy Minister, Orna Barbivai, visited Morocco to sign "a historic cooperation agreement", aiming to establish the economic foundations of trade relations between the two countries.  Barbivai (see previously) is an ex-IDF Major General. Her husband was born in Morocco.

Israeli satellite communications provider and its partners are investing NIS 400 million to launch its “Earth & Beyond” incubator to support Israeli startups developing deep tech space technology.  The Israeli government will also fund up to 85% of the costs of those startups.

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