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  • Yonatan Sredni 3:22 pm on May 9, 2016 Permalink
    Tags: Global-e, Israeli e-commerce startups, Israeli startup funded   

    e-commerce Company Global-e Raises $20M 

    Global-E logoMay 9, 2016 | Israeli cross-border e-commerce specialist Global-e has raised a $20 million financing round led by Red Dot Capital Partners, an investment fund for growth-stage technology companies funded by Temasek Holdings, the Singapore government-owned investment company. The capital will be used to support and accelerate Global-e’s growth and expansion in Europe and other target markets. Established in 2013 by CEO Amir Schlahet, COO Shahar Tamari and CMO Nir Debbi, the company is headquartered in London and has its development center in Petah Tikva. Global-e is a European provider of cross-border solutions for e-commerce retailers, enabling them to provide a localised e-commerce offering in more than 200 destinations worldwide. Global-e works with a growing number of leading retailers, including Crabtree and Evelyn, Astley Clarke, Illamasqua, and Griffin Technology.

     
  • Yonatan Sredni 2:55 pm on May 9, 2016 Permalink
    Tags: BetYour Wish, FeelMyBrand, H-Ball, ,   

    HackIDC Prize Winners Announced 

    idclogoMay 9, 2016 | Winners of the 36-hour student hackathon called HackIDC, which was held at Israel’s IDC Herzliya last week, were announced. Some 250 students competed to create a web, mobile, or hardware product. The panel of judges included some of Israel’s most renowned entrepreneurs: Dov Moran, Gil Shwed and Prof. Amnon Shashua. The first place 15,000 NIS prize went to the BetYOURwish project, and app hoping to change the way internet shopping works. The app allows users to acquire products from the ‘wishlist’ at an affordable price by providing a variety of ebay products and amadeus flights in partial prices by participating in raffles. The second place 7,00 NIS prize went to the H-Ball project, an interactive catching game for children. With every pass of a smart ball the player gets to answer a question, by rattling the ball different directions. The questions pool can be altered by the parents and is meant to encourage an outdoor game with an intellectual challenge. The third place 3,000 NIS prize went to the FeelMybrand project, which predicts the success of internet products by analysis of the user’s different physiological measurements. The analysis is done by identification micro-movements which are filmed by a laptop webcam and are processed by an algorithm.

     
  • Yonatan Sredni 2:06 pm on May 9, 2016 Permalink
    Tags: Israeli govenrment grant, Israeli grant,   

    Pluristem Gets $3.3M Grant From Government 

    PluristemMay 9, 2016 | Pluristem Therapeutics, an Israeli company developing placenta-based therapy products, announced that it was awarded a NIS 12.7 million (approx. $3.3 million) grant from the Israel Innovation Authority (previously the Office of the Chief Scientist ‘OCS’) of the Israeli Ministry of Economy & Industry. The grant will support Clinical trials and R&D activities for calendar year 2016. Pluristem was founded in 2001 by Shai Meretzki.

     
  • Yonatan Sredni 1:32 pm on May 9, 2016 Permalink
    Tags: Israel Venture Capital Research Center Report,   

    New IVC Survey: Private Equity Declines 

    IVC: Israeli Companies Raise $488M In 2012 Q3May 9, 2016 |The Israel Venture Capital Research Center (IVC) has published its IVC-Shibolet Israeli Private Equity Market Survey for the first quarter of 2016. The survey showed that Israeli private equity activity dropped in the first quarter of 2016: $265 million invested in 15 deals. In additon, the survey reported a 69% decrease in private equity deal making in in the first quarter of 2016 from the previous quarter. Regarding technology sector leads, it was found that software dominated PE market with 64% of all dollar proceeds. Also, straight equity continued as the favored investment mechanism – 80% of deals in the quarter.

     
  • Yonatan Sredni 10:49 am on May 9, 2016 Permalink
    Tags: Earny, Israeli app, Israeli app launches, Science Inc., Sweet Capital Ltd.   

    Earny App Launches, Raises $1M 

    Earnylogo1May 9, 2016 | New Israeli mobile application Earny has launched and announced it has raised $1 million in seed round funding from Sweet Capital Ltd. and Science Inc., with participation from Jeff Bonforte, SVP, Communications Products at Yahoo, and Wealthfront CEO Adam Nash. The app connects with users email and Amazon accounts in order to track their online purchases, find e-receipts, then price check those items to see if users got the best deal. If it finds a lower price, Earny will request a refund on the user’s behalf and the difference (minus the company’s 25 percent cut), will be credited back to the user’s payment card. Founded in 2015 by Israelis Oded Vakrat, Ilan Zerbib, and Dori Yona the team has also relocated to Santa Monica to work out of Science’s offices there.

     
  • Yonatan Sredni 5:29 pm on May 8, 2016 Permalink
    Tags: , Israeli walking navigation app, Sidekix, Walking navigation app   

    Walking Navigation App Sidekix Raises $1M 

    sidekixMay 8, 2016 | Israeli walking navigation app Sidekix has raised $1 million in seed round funding from Israeli and Australian investors. Sidekix aims to help users  find new places that might interest them when out walking.  First available in London, its launch city, the company has  expanded to Paris, Berlin, and New York too. Sidekix was c0-founded in 2015 by Miron Perel, who serves as the CEO, CTO Eli Baram, and Marketing VP Jenny Drezin. The company has six employees and has its offices at the Tel Aviv port.

     
  • Yonatan Sredni 3:13 pm on May 8, 2016 Permalink
    Tags: , , online investment management, Pagaya   

    Investment Manager Pagaya Raises $1.25M 

    pagayaMay 8, 2016 | Pagaya, a data-driven online investment manager in the online lending market, announced today a $1.25 million seed investment led by Carmel Ventures, a member of the Viola Group. Avi Zeevi, Co-Founder and General Partner at Carmel, led the investment and joined the Pagaya board of directors. Pagaya’s advanced technology solution serves as a comprehensive online investment house for financial institutions investing in the online lending market. Based on its innovative machine learning algorithms, Pagaya serves as a manager of assets, advising large institutions as they invest in the rapidly growing multi-billion dollar online credit market. The company signed a distribution agreement for its products to selected Israeli institutions. Additionally, the company has signed agreements towards establishing a private $100 million fund to be managed by the company based on its technology. Pagaya was founded by Gal Krubiner (CEO), Avital Pardo (CTO) and Yahav Yulzari (VP Sales).

     
  • Yonatan Sredni 12:10 pm on May 8, 2016 Permalink
    Tags: BTG PLC, Galil Medical, , ,   

    Galil Medical Bought By BTG For $110M 

    GalilMedicalMay 8, 2016 | Israeli cancer treatment company Galil Medical has been acquired by UK healthcare company BTG plc for $110 million. Galil Medical, which has its development operations in Yokneam near Haifa, has developed cryoablation systems and needles for treating kidney, prostate and other types of cancer. BTG, traded on the London Stock Exchange and Nasdaq specializes in cancer treatments and medical devices and has a market cap of $2.2 billion. Galil Medical is a veteran company, which in the 1990s developed a minimally invasive medical device to burn tissues through needles used for freezing. Its first target was prostate cancer. In 2003, Galil Medical merged with UK company Amersham, which took a 75% stake, while Amersham in its turn was acquired by GE. Over the years Galil Medical raised $48 million from Investor Growth Capital, Thomas McNerney Partners and Vertical Group.

     
  • Yonatan Sredni 4:39 pm on May 5, 2016 Permalink
    Tags: Anat Saragusti, Idan Raichel, Israeli Martin Luther King, Martin Luther King Jr., MLK III, Pnina Tamano-Shata   

    MLK III To Honor Israeli Unsung Heroes 

    DMIMay 5, 2016 | Martin Luther King III, the eldest son of the late civil rights icon Dr. Martin Luther King Jr., will attend a ceremony in Israel to honor three Israeli community activists on Sunday. He will be in Israel with attorney William Wachtel, son of the late attorney Harry Wachtel, King’s legal counsel during the civil rights movement in the 1960s. The pair will honor singer and songwriter Idan Raichel, former Yesh Atid MK Pnina Tamano-Shata and journalist Anat Saragusti for their work on behalf of the Ethiopian community, to advance equal opportunities between communities, and to bring about understanding between Arabs and Jews. The three will receive the 2016 Unsung Hero Award from the Drum Major Institute (DMI) for Public Policy, originally founded as a civil rights organization by Harry Wachtel in 1961 and revived by William Wachtel in 1999. King III serves as an ambassador for the organization. DMI’s stated mission is “to eradicate poverty, racism and militarism/violence, through advocacy, empowerment and education.” It will be the first time the organization grants the award outside the United States and to non-U.S. citizens.

     
  • Yonatan Sredni 2:55 pm on May 5, 2016 Permalink
    Tags: Israeli on-demand transit, , Israeli transit startup, on-demand transit, Via   

    Israeli Transit Startup Via Raises $100M 

    viaMay 5, 2016 | Israeli startup Via, which develops an on-demand transportation solution, has raised $100 million in Series C funding. The company has already closed $70 million in financing with a further $30 million in strategic investment to close in the coming weeks. This is the largest amount raised by an Israeli startup this year. The funding was led by Pitango Growth, along with leading venture capital firms and strategic investors from North America, Europe, and Asia, including Poalim Capital Markets and C4 Ventures. Previous investors Ervington Investments (representing Roman Abramovich), Hearst Ventures, and 83North (formerly Greylock IL) also participated in the round. The latest funds bring Via’s total investment to $137 million. Headquartered in New York City, the company’s development center is in Tel Aviv. Founded by Daniel Ramot and Oren Shoval, Via operates in New York City and Chicago and enables tens of thousands of passengers each day to seamlessly share their ride with others headed the same way. The financing will be used to drive growth in those two cities,expand into new ones, and aid municipalities and transit authorities seeking to improve their public transit services by using Via’s technology.

     
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