Which Israeli-founded company was acquired by PayPal and who is targeting a $1 billion IPO?
CTech Daily Roundup: Rewire raises $20 million to expand financial services to migrant workers
Israel’s Rewire raises $20 million to expand financial services to migrant workers. Former Yahoo CEO Jerry Yang among investors in the company’s series B funding round. Read more
Starlink satellites. Photo: AFP Kaltura targeting at least $100 million at a valuation of over $1 billion in Nasdaq IPO. The company specializes in live and on-demand video SaaS solutions and generated an income of $120 million in 2020. Read more
Harel Insurance earmarks $100 million for startup investments. The Israeli insurance company’s nine investments in young companies have so far yielded it 300% returns. Read more
Israeli-owned brokerage company Compass Real Estate heads for IPO. The SoftBank-backed company submitted a prospectus for its public offering, showing a 56% rise in revenues for 2020 compared to the previous year. Read more
SpaceX’s Starlink satellite internet is touching down in Israel. Elon Musk’s brainchild is expected to become available in the Holy Land in 2022. Read more
Welltech Ventures invests $1 million in X-trodes for remote monitoring of neurological signals. X-trodes has raised $2 million to date and will use the funds to implement its technology. Read more
HR Post Covid | Our workers were hired during lockdowns and social distancing, says The First Digital Bank. The hybrid model doesn’t work for everyone. At The First Digital Bank, employees could choose to work permanently at the office if they wanted to. Read more
Israel’s Foretellix partners with Volvo to develop autonomous solutions. The partnership will address the challenges of large-scale verification of self-driving solutions in highways and confined areas. Read more
Interview | “Everyone’s flocking to our games, but without restaurants and cruises our core proposition was impacted.” Playstudios CEO says slew of gaming companies going public symbolizes the deep faith that everyone has in the industry’s future. Read more
Video | The surge in SPACs can be attributed to the high quality of sponsors in the scene, says UBS executive. American finance specialists share with Israeli entrepreneurs their insights on the alternative path to Wall Street that has recently gained steam. Watch full video
Video | SPACs benefit retail investors and are no riskier than other investments, says expert. "Listing a SPAC is easy. Finding a good target and creating value for shareholders and having that stock perform for multiple years, is what’s difficult," noted Ben Canet, Foreign Investment Manager at Phoenix Investment. Watch full video
