Millions for Israeli startups
Since Oct 7, venture capital fund Index Ventures has invested a total of $60 million in five Israeli startups. Since opening offices in Israel in late 2022, the VC fund has invested $186 million in 12 Israeli startups. Also SeedIL has raised $18 million to invest in early-stage Israeli startups.
July investment is at the double
The total of startup investment during July 2024 was $703 million – more than double the amount invested in July 2023. The 28 deals resulted in the fifth consecutive month that more than half a billion dollars had been raised.
Israel’s most promising startup
40% of Americans used to travel within the USA with no travel insurance. When Covid struck everyone wanted insurance. Israel’s Faye launched its product and in 2023 was named Wall Street Journal’s travel insurance product of the year. Now Faye is Israel’s most promising startup of 2024.
Microsoft’s partner of the year
Israel’s 2bcloud has won the 2024 Microsoft Partner of the Year Award for Israel, which recognizes companies that have developed and delivered outstanding Microsoft Cloud applications, services, devices and AI innovation in 2024. 2bcloud is also an Amazon AWS partner.
A top fintech company
Israel’s Okoora (see previously) has been selected for CNBC/Statista's 2024 list of the world's leading fintech companies. The list recognizes companies that have significantly contributed to the transformation and innovation of the financial services industry through technology.
A one-stop shop for solar sites
Israel’s GiraSol Renewable Energy builds and maintains solar energy systems using the best global technology to check for performance issues. GiraSol’s clients include Israel’s Energix and France’s EDF, which operates large solar farms in Israel.
Boots UK sells Israeli pregnancy tests
The UK chemist chain Boots is now selling Salistick, the world's first saliva-based pregnancy test, from Israel’s Salignostics (see previously).
Pain monitoring in Japan
Israel’s Medasense (see previously) is partnering with Nihon Kohden for the exclusive distribution of its revolutionary PMD-200 real-time non-invasive pain monitoring device in Japan.
$142 million of EU funding
Nine Israeli startups have secured a total of $142 million in funding from the EU Horizon (EIC Accelerator) program.
They include MediWound (EscharEx), JaxBio, , , Quantum Transistors, , Reophotonics (ioTech), , and .
1,000 pay for GenAI
Israel’s Upword (see previously) attracted 30,000 users for its Beta version, with 1,000 paying for its advanced GenAI capabilities. Upword is designed to mimic the traditional research methods required by professionals, researchers and academics and has now launched its full version.