Israel Active

Israel’s Chunk Foods (see previously) is partnering Spanish/Mexican Better Balance, bringing the co-branded Chunk plant-based products to Mexico. Chunk Foods will also launch new products that cater to the vibrant tastes and lifestyles of Mexicans.

The Startup Nation was well received at the Mobile World Congress in Barcelona. The 32 Israeli companies arranged some 2,000 business meetings. Israeli innovations included infrastructure, network IOT (Internet of Things), Cloud solutions and AI.

Despite the war in Gaza and the difficulties in farming in certain areas, Israel's avocado yield is expected to reach 250,000 tons this season compared to about 150,000 tons in 2023, according to the Agriculture Ministry. The previous record was about 210,000 tons in 2022.

Israel’s revenue from natural gas royalties reached NIS 2 billion in 2023, over 23% higher than 2022. Production increased as the Karish field came online. Israel also benefited from a strong Shekel, plus a 25% increase in exports to Egypt and Jordan.

After Oct 7, the Bank of Israel planned to sell up to $30 billion in foreign currency to support the Shekel if Israel’s currency came under pressure. Confidence in Israel is so high that no sales have been necessary for several months and Israel’s currency reserves increased by over $700 million last month.

In a staggering show of support for Israel’s economy Israel raised $8 billion in its first sale of bonds since Oct 7. Demand was so high that the issue was oversubscribed by 4.75 times – Israel could have sold $38 billion. 400 different investors took part, from 36 different countries.

Michael Eisenberg, VC fund Aleph co-founder, said on CNBC that now is “one of the greatest opportunities to invest in Israel. Israeli companies deliver.”  Israeli tech startups are undervalued and offer significant upside potential.  Hamilton Lane CEO Juan Delgado-Moreira gave similar advice to CTECH.

Being evacuated or having a spouse in the reserves hasn’t stopped Israeli entrepreneurs from starting new companies. Gal Admati launched two (Qortein and HarvestR) from his hotel room. Dr. Hadas Ziso founded EndoCure despite her husband and a key employee being called up.

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Israel’s has taken over Germany’s Zavvy for . US IT giant Workday has acquired Israel’s for “”. Ausralia’s Octopus Deploy has acquired Israel’s for .