InvestiNation
Israel’s InvestiNation is a new equity crowdfunding platform, offering accredited US investors access to Israeli early-stage startups in fintech, ed-tech, construction and property technology.
eToro value soars
An unnamed US institution just bought $50 million of shares in Israel’s eToro (reported previously). It values the company at a staggering $2.5 billion, turning it into another Israeli Unicorn. eToro’s clients now number over 16 million, who use eToro’s platform to trade stocks, commodities, FX etc.
Reacting to Covid-19
Israeli medical AI triage platform Diagnostic Robotics (reported previously) used the coronavirus pandemic to successfully change its focus and operations. It split its workforce into two, to reduce the risk of infections and formed a digital health partnership with Israel’s Ministry of Health.
Predicting property values
Israel’s Propdo AI develops technology capable of predicting residential real estate property prices. Its algorithm and data-based tools produce a projected valuation of a prospective purchase. The company will initially operate in the Israeli real estate market.
Investment in Israeli startups: 13/12/20
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Water from the air to the Gulf
Israel’s Watergen is bringing its revolutionary water solutions to the United Arab Emirates and other countries in the region. Watergen’s partnership with Emirati Al-Dahra will cover hotels, offices and apartment buildings, agriculture, industry and more.
Dubai commodities center opens Israel office
The Dubai Multi Commodities Center Authority has opened a representative office inside the Israel Diamond Center in Ramat Gan, north Tel Aviv. The new office will support Israeli businesses, from all industries and sectors, interested in setting up a presence in Dubai.
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People of the Books
A 1980 Hebrew University of Jerusalem library management project was commercialized into Aleph-Yissum and taken over several times. Now called Ex-Libris, it is still headquartered in Jerusalem. Ex-Libris’ remote learning systems are used by 7,500 academic institutions in 90 countries.
$125 million for Israeli-founded startups
Venture capital firm Entrée Capital has now fully raised its $125 million Israel Opportunity Fund. The new fund will target early growth Israeli-founded startups, focusing on areas such as deep technology, SaaS, fintech and digital health.