An Israeli Businessman Who Made a $600 Million Exit Is This Week’s Top Winner
CTech’s Editor Elihay Vidal chooses the week’s top winners—and biggest losers
This week’s losers are:
Israel's top cannabis companies, for losing a combined $307 million on the Tel Aviv Stock Exchange over the past three months. The market capitalization of Israel's eight leading medical cannabis companies dropped to $475 million. The largest slide was of InterCure Ltd., chaired by former Israeli Prime Minister Ehud Barak, which lost 34.3% of its market cap. Read moreElinadav Heymann, Fabio Goldman, Yuval Harel, Ori Ben Yossef, Ariel Tregier, and Rafi Cesana, the people behind Archimedes Group, the company accused of coordinating fake news campaigns targeting African countries. Last week, Facebook announced it has deleted a network of 265 fake accounts, pages, events, and groups on Facebook and Instagram, which were part of a campaign targeting Nigeria, Senegal, Togo, Angola, Niger, and Tunisia. Read more
NSO co-president Tami Mazel Shachar, for stepping down after three years at the Israeli surveillance company. The Israeli firm has recently been in hot water due to the alleged use of its spyware to surveil journalists, politicians, and human rights activists. Read more
Huawei's Israeli employees who were barred temporarily from the company's local R&D subsidiary for holding American citizenship. The policy was not Israel-specific but was implemented by Huawei globally wherever it has employees of American nationality after the U.S. stepped up its campaign against Huawei adding it to a list of companies considered a threat to national security. Read moreThis week’s data point: 89%
89% of all the Israeli startups that held funding rounds in 2018, did so at a higher company valuation than their last round, new report found. In comparison, 78% of Silicon Valley companies raised at a higher valuation in 2018. This is the first time the Israeli market is seeing an increase in company valuations alongside later stages, meaning the industry is creating mature companies that can leverage private capital without undermining their valuation, and thus are in no hurry to sell or go public. Read moreThis week’s top deals:
Salesforce ventures launches $125 million EMEA investment fund. Read more
Cybersecurity startup guardiCore raises $60 million. Read more
Cybersecurity company Siemplify raises $30 million. Read more Wix acquires Israeli brand marketing agency Gefen Team. Read moreMedtech company G Medical innovation files for Nasdaq IPO. Read more
Autonomous Drone Developer Percepto Raises $15 Million. Read more
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