Israel Active

Israel’s Firstime is raising a $100 million fund aligned with UN sustainability development goals. It aims to help build Israeli unicorns working in the climate technology industry, and has already invested in BeeHero (see previously) - Israel’s precision agriculture and pollination company.

Serbia has inaugurated its innovation and trade office in Jerusalem. The office, located in Margalit Startup City Jerusalem, is a sign of burgeoning business ties and designed to enable the countries to fulfill their bilateral economic potential.

Latest Israeli startups to become billion-dollar Unicorns are Celsius Networks (raised $400 million, value $3 billion); Lusha (see ) raised $205 million, value $1.5 billion; Augury (see ) raised $180 million, value $1 billion; OpenWeb (raised $150 million, value $1 billion).

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One of the investors in Israel’s latest $1 billion company OpenWeb is the New York Times, which rarely prints anything complimentary about the Jewish State.

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Israel’s Browzwear (see previously) has been named one of Fortune Magazine’s Impact20 - companies that generate revenue while offering products or services that have a positive effect on the world. Browzwear’s VSticher 3D prototype software reduces fabric waste in the fashion industry.

The technology from Israel’s Traffilog (see previously) will remotely diagnose the condition of truck tires for Continental AG. The German tire giant already has partnerships with several Israeli startups (see previously).

In its fifth year, Techstars Tel Aviv has launched its second 13-week accelerator program of 2021 (see previously). The 11 Israeli startups are Agado Live, Binsight, EyeKnow, Insuretax, EZCheck.me, optimusQ, Ovvio, Renbizz. retravel, Sea Analytics and YieldX.

Deloitte has selected seven more Israeli startups for its Launchpad initiative (see previously). They will be mentored on how to grow their businesses in the US. They are Agora (see ), BlazePod, Craft.io, DigitalOwl, Hyro (see ), IVIX (see ) and SavorEat (see ).