Israel Active

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Israel’s has acquired Germany’s compostable packaging company Bio4Pack for . It promises to further reduce plastic pollution. US giant Qualcomm is acquiring Israeli road safety startup for . Hewlett Packard Enterprises acquired Israel’s for . US Zscaler acquired Israel’s for an estimated . Philips is acquiring Israel’s for nearly .

The new ad campaign of Israel’s Honeybook (see previously) humorously shows the difficulty of small businesses in getting paid. 100,000+ independent businesses have booked more than $9 billion worth of business on Honeybook’s platform.

Florida's Vultr, the world’s largest privately-held cloud computing company, has opened a cloud data center in Tel Aviv. It called the city “a hot spot for tech companies thanks to its highly-skilled workforce, innovation-friendly policies, and extensive access to funding.”

Israel’s Redefine Meat (see previously) launched its alternative meat products in 300 Shufersal branches across Israel. The range includes shredded meat in pulled-beef style, ground meat, merguez sausage, lamb-style kebab, and a premium burger. All with no animal components.

Fifty branches of Yeinot Bitan, Mega, and Super around Israel have been converted to Carrefour stores at a cost of NIS 250 million and opened to the public this week.  They include 3 Carrefour Hypers - each between 2,500-4,000 square meters in size, plus an on-line sales site.

The 30th annual GoForIsrael international investment conference on May 3 at the Tel Aviv Hilton included a record 60 presenting startups and a record 1,100 registrants. 40% of them from overseas and 40% of them investors. It highlighted that Israeli entrepreneurs succeed despite the many challenges.

The International Monetary Fund issued its summary report on Israel for 2022. Bank of Israel Governor Prof. Amir Yaron said, “The report points to the strong economic fundamentals of the Israeli economy”.

The New Jersey Economic Development Authority reports that trade between New Jersey and Israel increased by 11% in 2022 to $1.72 billion. It also highlighted that Israeli investments were valued at approximately $551m. and had created 1,900 local jobs since 2003.

Volvo Cars Tech Fund joined the current $6M target funding round for CorrActions (see previously). Its CEO said “CorrActions fits the bill perfectly and focuses on a mission that is close to our heart: making cars and traffic safer.”