CTech's Tuesday Roundup of Israeli Tech News
Online insurer Lemonade heading for New York IPO; Fiverr wants to go public according to a post-IPO valuation of $650 million
14:3704.06.19
Online insurer Lemonade heading for New York IPO. The SoftBank-backed company has hired JP Morgan as the underwriter and is looking to go public within six months, according to one person familiar with the matter. Read more
Left to right: Lemonade's founders Shai Wininger and Daniel Schreiber. Photo: Yael Wissner-Levy Fiverr wants to go public according to a post-IPO valuation of $650 million. The online gig marketplace is looking to raise $121 million in its initial public offering on NYSE, according to its new prospectus. Read more
Left to right: Lemonade's founders Shai Wininger and Daniel Schreiber. Photo: Yael Wissner-Levy Ex-Shin Bet head Yaakov Peri joins cannabis company CANN-IL. Peri is yet another public figure joining the Israeli medical cannabis industry, after former prime ministers Ehud Barak and Ehud Olmert. Read more
Israeli crypto exchange can keep its bank account, supreme court rules. In 2015, Israel-based Bank Leumi placed restrictions on the account of Bits of Gold, prompting the exchange to appeal to the courts. Read more
Israel's Bank Leumi, CIBC, and National Australia Bank join to scout fintech technologies. The three banks launched a joint online portal to which fintech startups can submit proposals. Read more
Customer experience company Medallia to acquire customer behavior startup Cooladata. On Monday, Calcalist reported that Cooladata is in advanced talks to be acquired for several dozens of millions of dollars. Read more
GPS-free geolocation startup Hoopo raises $3.5 million. Hoopo develops energy efficient geolocation technologies, utilizing low-power wide area (LPWA) networks for monitoring the location and environment of specific assets. Read more
Nabis Holdings to acquire 49% of Israeli cannabis company Cannova Medical. Following the acquisition, Nabis will have exclusive distribution rights for Cannova’s product in North America. Read more
Enterprise software company PTC promotes Ziv Belfer to division VP of global R&D. Belfer has been with the company for 21 years and has been heading PTC’s Israel operation since 2010. Read more
