CTech’s Thursday Roundup of Israeli Tech News

To offset U.S. tax reform, Israel to cut red tape For transfer tax exemption; Israel to fund foodtech incubator in the Galilee

To offset U.S. tax reform, Israel to cut red tape for transfer tax exemption. Speaking at Calcalist’s National Economic Conference, Israel’s tax chief Eran Yaacov said a special plan to enable Israel-based companies to change holding structure without paying a capital gains tax is in the works. Read more

 

U.S. President Donald Trump. Photo: AFP

 

Israel to fund foodtech incubator in the Galilee. Israel’s governmental innovation investment arm said it will allocate $28 million for the project, set to located in the historic town of Safed, in the north of Israel. Read more

 

Kim Kardashian West in negotiations to promote Israeli eyewear company. The company, Carolina Lemke, previously hired “hot felon” Jeremy Ray Meeks to star in a series of controversial commercials alongside Israeli supermodel Bar Refaeli, who owns a stake in the outfit’s parent company and has long been the brand’s face. Read more

 

Data compliance blockchain company Barrel Protocol raises $4 million. Under the European Union’s General Data Protection Regulation (GDPR) companies trading in consumer data have been obliged to demonstrate compliance on a deal by deal basis. Read more

 

Oncology company Alpha Tau raises $29 million. Alpha Tau’s cancer treatment technology uses alpha radiation to treat solid tumors with radiation particles that are released inside the tumor, killing the surrounding cells. Read more

 

OurCrowd's sports tech fund makes inaugural investment in prepaid TV company Tappp. New York-based Tappp offers prepaid cards for access to premium sports broadcasts. Read more

 

Car fleet management startup Fleetonomy raises $3 million. The Tel Aviv-based company develops a cloud-based fleet management service for carmakers, car rental companies, and ride-sharing services. Read more