A travel agent for investing in Israel
Israel’s Tech It Forward, founded by two immigrant women, is a bridge between investors and Israeli entrepreneurs. It organizes trips, conferences, networking events, pitching events, meetings and mentorship programs to connect global investors with the Israeli startup ecosystem.
New fund to invest in Israeli tech
US Venture Capital firm Ibex Investors has raised its second fund in Israel amounting to $100 million. Ibex Investors has previously invested in many Israeli startups, helping them enter the global market.
Ships for Senegal
Israel Shipyards delivered the last of four patrol ships for the Senegalese Navy, fulfilling an agreement signed in November 2019. The Shaldag MK V patrol ship follows the earlier supply of three Shaldag MK II patrol ships. The agreement includes training, maintenance and technical support.
Israel and Turkey do business
The first-ever online conference: “Uniting hi-tech from two nations – Turkey and Israel” attracted dozens of participants, including Turkish entrepreneurs and investors. The organizers included Israel’s Ministry of Foreign Affairs and the Technology Development Foundation of Turkey.
Tech salaries are rising
The effect of the coronavirus (Covid-19) pandemic on salaries in Israel's tech sector was minimal compared to other sectors. A survey of 60 Israeli tech companies by HR analytics startup Piplwize has shown that 84% of them intend to increase salaries in 2021 and half of them by at least 6%.
Success of Joint US-Israeli agriculture projects
Since 1979, the US-Israel Binational Agricultural Research and Development Fund (BARD) has invested $1.06 billion in 1,330 projects. A review of just 20 case studies shows an economic benefit of $2.7 billion to the US, $500 million Israel, and another $13.3 billion globally.
More Israeli Unicorns
Israeli cybersecurity Cato Networks (reported previously) has just raised another $130 million of funds, bringing its market value to $1 billion. Israeli fraud preventer Forter (reported previously) has raised another $125 million, taking its market value to $1.3 billion.
Investment in Israeli startups: (22/11/20)
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Managing Bond portfolios
Israel’s BondIT has just acquired Germany’s Scorable to offer their combined innovative technologies to asset & wealth managers. They can build and analyze fixed-income portfolios in minutes, and then use the information to rebalance existing client portfolios.
Say goodbye to security deposits
Israel’s Obligo allows tenants to avoid having to hand over large cash deposits to landlords and property managers. Obligo’s Billing Authorization system sets up a secure and limited connection to a resident's bank account in case the owner / manager needs to charge for damages or missed rent.