#TheMarketsTrustIsrael: Last Week saw about $100 Million Investment in Israeli Start-ups

Business 1 Minute

The week from 28.2. to 5.3.’23 ‘VonNaftali’ got investment announcements from Israeli start-ups in the sum of about $100. The hysteria about “disinvestment” because of the judicial reform is fake news, not based on any real facts. On the opposite, ‘FitchRatings‘ confirmed the bright rating of Israel (+A) and state a stable outlook.

High-tech companies gained contracts beyond $500 million, ‘VonNaftali‘ reported about a deal alone worth of $372 million. Ilan Paz, CEO of Barclays Israel, said there is so far no impact due to the judicial reform on the economy of Israel.

Hillel Fuld, regular author of ‘VonNaftali’, and ‘Jon’ Medved, CEO of ‘OurCrowd’, do either not detect any negative impact on the Israeli economy due to the judicial reform. It is a phantasy product of the Israeli left which lost the elections and hence power and influence. They have a tantrum.

$100 Million and more…

So, which companies gained huge investments?

  1. AION > The investment policy of AION, as reported on ‘VonNaftali’, we value at about $50 million. This new ecosystem of PharmaTech – powered by leading global pharma companies like Pfizer or Merck – wants to establish serial start-up after start-up. Two are already on stage.
  2. ‘Click Ins” raised $7,5 million. Investors are amon others Shlomo Group, Mobilion Fund, Adar Ltd. and the American Scharf Group, who joined existing investors Summus VC and UMI Israel. Click-ins idevelops an AI to examinie damage caused to vehicles based solely on images, taken from any mobile device in real time.
  3. ‘Hexa’ raised about $20 million for an AI solution which prints 3D objects out of 2D pictures like a table or chair.
  4. Qaks raised$12 million for its machine-learning platform to train machine-learning model.
  5. Gable raised $12 million too to establish a AI-powered platform for collaboration of remote workers.

In total sum about 100 million fresh money for the Israeli start-up branche. What can you ask for more in times of global recession, inflation and turmoil caused by dictatorships like China, Russia or Iran.

Finally, SPAR International said to step into the Israeli market in co-operation with Shufersal. Desinvestment, distrust and avoiding Israeli economy because of the judicial reform looks simply different. We see the opposite. Now and here and not some dark and desperate predictions that are far-fetched.

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