Who are the most active VC funds in Israeli tech and is Israel really a techie paradise?
CTech Daily Roundup: Ramon.Space powers Technion-launched nanosatellites into space aboard Soyuz rocket
Entrée Capital and F2 Venture Capital crowned as most active VC funds in Israeli tech. Despite the Covid-19 pandemic, the number of first investments in 2020 soared to 620, a seven-year record. Read more
Rocket launch. Photo: SpaceX A day before elections, hacked details of millions of Israeli voters exposed online. The operator of voter-management app Elector says hackers are trying to extort him. Read more
Building tech company Veev becomes the first private firm to be listed on TASE UP. The company, which offers an automated panelized building process, raised approximately $100 million. Read more
Techies Paradise? Olim share their stories of relocating to Israel. The last year may have been unprecedented, but two employees from The Floor share what it’s like to come to Israel from overseas in the year of the pandemic. Read more
Ramon.Space powers Technion-launched nanosatellites into space aboard Soyuz rocket. The satellites are equipped with the company’s high-functioning LEON processors and will be used to monitor emergency signals from ships, planes, and hikers. Read more
OurCrowd and Waterfund launch $50 million partnership for agtech and water projects in the Middle East. The partnership will dedicate the funds to 15 separate projects that are related to water-investment products in the region. Read more
Axis Security completes $50 million series C for remote app access solution. Spark Capital, an investor in Twitter, Tumblr, and Slack led the company’s second funding round in six months. Read more
Israeli company Kindite set to improve video call security after RingCentral acquisition. Kindite’s technology will be deployed across RingCentral’s global end-to-end platform. Read more
Israel-based Inneractive sold for a second time in five years. The Israeli-founded adtech company was sold to Digital Tribune as part of the acquisition of parent company Fyber. Read more
Israeli industrial cybersecurity company SCADAfence raises $12 million. The funding round was led by JVP and joined by Rapid7 after SCADAfence tripled both its revenues and customer base over the last year. Read more
Paz backs out of a deal to install charging stations after dispute. Israeli energy company intended to pay NIS 24 million to acquire 50% of EV-Edge, but cancelled deal after dispute over day-to-day management of the subsidiary company. Read more
IronSource shareholders and employees on their way to a $1.5 billion payday. The company will raise $2.3 billion at an $11 billion valuation through a SPAC merger with Thoma Bravo. Read more
