Israel Active

Jon Medved, CEO of Israel’s OurCrowd is extremely bullish about the financial resilience of Israel’s economy during the current fighting against Hamas terrorists.

A Chinese delegation, headed by Ren Zhiwu - deputy director-general of the High-Tech Industry Department of the National Development and Reform Commission (NDRC) - arrived in Israel, the first time the high-level government team has come to Israel.

Trade between Vietnam and Israel increased significantly during the first half of this year, reaching US$426 million or increasing 53 per cent year-on-year.

Israeli start-up “Cups” is expanding its virtually unlimited coffee supply to New York. Using Cups app, individuals pay a fixed rate of $45 dollars a month to receive a coffee of their choice at participating shops every half hour. Or $27 dollars a month buys one coffee per day.

Forbes magazine has listed 25 Israeli startups to keep your eye on in 2014. It says that Kaltura is most likely to be “one of the next billion-dollar exits” thanks to its wide-ranging video solutions platform. It also likes Petbnb, which pairs traveling pet owners with caretakers for their pets.

Five years after launching its Google Ventures investment fund, the Internet giant announced yesterday that it was launching a similar fund in Europe. sources informed "Globes" that Google will also use the fund to make investments in suitable Israeli start-ups.

Israeli collision avoidance solutions developer Mobileye is looking to raise $150 million in funding from its US public listing. Mobileye has developed a camera-based system mounted in vehicles that reads the road ahead and is designed to help drivers avoid accidents.

The estimated size of Israel’s largest natural gas reserve was raised by 16 percent. An updated analysis based on 3D seismic surveys has calculated the field to hold 21.93 trillion cubic feet (620 billion cubic meters.

Japan’s Minister of Economy, Trade and Industry, Toshimitsu Motegi has signed an industrial research and development collaboration agreement with Israel’s Minister of Economy Naftali Bennett. Israel is the first country with which Japan has signed such an agreement.

Israeli high-tech firms raised $930 million from Apr to Jun 2014, the sector’s strongest three-month period in more than ten years. Israeli high-tech firms raised $1.6 billion in the first half of 2014, which is the strongest capital raising period on record for Israel’s high-tech industry.