Israel Active

US investment firm Ibex Investors recognizes “the opportunity to make outsized returns in Israel” with the close of its 5th Israel-focused fund with $40 million. Ibex Chief Investment Officer Justin Borus said, “We believe Israel will be among the best places in the world to invest over the next 10 years."

Israel’s Imagindairy (see previously) like Israel’s Remilk before it (see ) has received Health Ministry approval to sell its cow-free milk in Israel. Its animal-free whey protein can now safely be used to produce dairy-free cream cheese, ice cream, yogurt, etc.

Israel’s Israir has begun a six flights a week service between Tel Aviv and London Luton. Israir’s sales VP said, “allowing Israeli business travellers and vacationers to fly this highly sought-after route at a fair price.”  It may also help this newsletter editor see his family more often!

raised ; (already a Unicorn) raised from BlackRock; raised (plus $5 million seed); raised ; raised ; raised (IPO);

Israel’s acquired the assets of US Nortis (Numa Biosciences) to integrate its technology.

Four Seasons, one of the world’s best-known luxury hotel chains, will offer vegan salmon from Israel’s Oshi (formerly Plantish – see ) at its San Francisco hotel. Oshi’s salmon is already available in up-market restaurants in NYC, New Hope, Boca Raton and Los Angeles.

Israel Aerospace Industries (IAI) has reported its best ever results. Net income for the first nine months of 2024 was up 74% at $431 million on sales of $4.39 billion.

Israeli high-tech’s airline, TechAir, intends to begin operation in Jan 2025 of a new service between Tel Aviv Ben Gurion and New York JFK airports, commencing in March 2025. TechAir will use one plane, leased from a 3rd party, including its pilot, crew, maintenance, food, etc.

Israel’s Arkia Airlines has a new twice-weekly service between Tel Aviv and Manchester, scheduled deliberately for fans of Manchester United and Manchester City to watch their teams.

Kibbutz Kfar Aza, devastated by Hamas on Oct 7, has signed a deal with Reches Real Estate and the Zadok Group to build a $67 million 42,000 sqm multipurpose industrial complex. It will provide returning Kibbutz residents with jobs and also attract businesses to the area.