CTech's Wednesday Roundup of Israeli Tech News
Warburg Pincus closes deal to acquire Israeli credit card issuer Leumi Card. Former Israeli chief scientist Avi Hasson to raise $100 million fund
Timothy Geithner, president of Warburg Pincus. Photo: Bloomberg Former Israeli chief scientist Avi Hasson to raise $100 million fund. The former chief scientist at the Israeli Ministry of Economy is raising a $100 million fund backed by Chinese investors in partnership with former colleague and founder of Emerge Fund Dovi Ollech. The two announced the new fund, called Emerge II, in a press conference in Beijing on Friday, alongside several of the fund's largest Chinese investors. Read more
Israel hotel occupancy up 2.5% in first half of 2018. Tel Aviv had the highest rate of hotel room occupancy in the country with 76.8%. Jerusalem, the Dead Sea, and the southern resort town of Eilat followed with 70%, 69.8%, and 69.3%, respectively. Read more
In pivot, AudioCodes to pay dividends. Revenue grew 12.3 percent to $43.5 million compared to the second quarter of last year. Read more
Human rating gains popularity in the Israeli job market, says venture capitalist. Nimrod Kozlovski, a partner at Jerusalem Venture Partners (JVP) and Israel-based law firm HFN, spoke on Tuesday at a conference on human resources hosted by Calcalist. Read more
Blockchain Mining listed on the OTCQX. The Israeli shelf company turned crypto mining outfit traded on OTC Pink, the lowest tier of the three over-the-counter marketplaces, before filing to trade on OTCQX, the top tier of the three. Read more
News Briefs
After 20 years, new hotels to be added to Israeli Dead Sea shore. Read more
Wix.com reports higher revenue and improved yearly forecast. Read more
Tel Aviv and Jerusalem among top 10 most expensive destinations on Airbnb. Read more
