Which Israeli company was acquired for $600 million and who is aiming to become the Wolt of the banking world?

Francisco Partners to acquire genealogy company MyHeritage in $600 million deal. Founded in 2003, MyHeritage enables users to create family trees by searching through historical documents such as census, immigration, marriage, and burial records. Read more

Pliops completes $65 million investment round led by KDT and Nvidia. The Israeli company aims to improve data center efficiency with its soon to be launched storage processor. Read more

 

VidMob set to hire dozens of Israelis following new $50 million funding round. The global company will further establish its presence in Israel as it hires for its creative and content teams. Read more

 

SoftBank and Adam Neumann squeezing WeWork for all that it has. After a much-publicized fallout and with a public offering beckoning, the Japanese conglomerate and the Israeli entrepreneur are nearing a settlement. Read more

Abu Dhabi Investment Office (ADIO) establishes formal ties with two more Israeli government entities. The agreements with Invest in Israel and Israel Innovation Authority are part of a series of strategic initiatives following the Abraham Accords. Read more

Israel’s ChickP commercializes novel protein for “the mighty chickpea.” The company has also appointed a new VP of Sales and Business Development to manage the expansion into the U.S. Read more

 

Bio-Fence raises $3.8 million in capital for its disinfectant technology. The company is planning to enter the tourism and aviation markets after Covid-19 subsides. Read more

Analysis | Israel is lagging behind the rest of the world when it comes to e-commerce regulations. The Ministry of Justice has started formalizing the relations between Israeli consumers and foreign e-commerce sites, with the big question being will Israeli laws protect them? Read more

 

HR Post Covid | Forter’s ‘Appreciation Sundays’ initiative helps alleviate Covid-19 stress. How does a company with more than 270 employees in three time zones help each member with their wellbeing during a pandemic? Read more

Israel-based Acumen raises $7 million in seed for engineering solutions platform. Customers of the engineering intelligence platform include Bizzabo, Cloudshare, and Logz.io. Read more

 

Israeli transportation company Dan raising $11 million in R&D partnership IPO. The partnership will focus on investing in startups in the smart mobility sector. Read more

FINTECH 2021 | “Our new product will be the Wolt of the banking world,” says Discount Bank CEO. Speaking at Calcalist’s Fintech 2021 Conference, Uri Levin addressed the massive changes taking place in the financial world, calling the revolution “unstoppable.” Read more

 

Appointments | Inspira Technologies appoints Benad Goldwasser as Chairman of the Board. Professor Goldwasser has more than three decades’ experience as a surgeon and healthcare entrepreneur. Read more