Global Energy, Food Giants Make Bets On Israeli Tech

Stock SectorJune 3, 201812min10
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Every month, Start-Up Nation Central’s channel on Forbes will highlight a handful of startups that have recently raised funding, signed major contracts, been involved in M&A, or have released other significant news –and that we think are important to keep an eye on.

This could be because:

  1. Their technology is breakthrough and could disrupt important markets
  2. They have an innovative business model or product/service with big market potential
  3. They have big/important founders/CEOs/board directors
  4. Their investors are strategic [big names in VC/Corporate VC]
  5. All or some of the above together

See the lists from March, February and April.

Throughout May, Israeli startups raised $275.4M in 37 deals. Three deals stood out in particular:

Tyson Foods. (Photo by Bryan Steffy/Getty Images for Barcelona Enterprises)

  • Tyson Ventures, the venture capital arm of Tyson Foods, one of the world’s largest food producers, led a $2.2M Seed round in  Jerusalem-based Future Meat Technologies. Future Meat produces non-GMO meat from animal cells without the need to raise or harvest animals. The technique is thought by many to represent a fundamental shift in future meat production and its effect on the environment. Other big name backers include one of the largest food conglomerates in Israel, the Neto Group, China’s food technology venture capital fund BitsXBites, US-based S2G Ventures, HB Ventures, and Agrinnovation, an Israeli investment fund founded by Yissum, the Technology Transfer Company of The Hebrew University.

 Future Meat Technologies was founded in February 2018.

The food-tech ecosystem in Israel is heating up. According to data from Start-Up Nation Finder, there are some 250 currently active food-tech (including Food e-commerce) companies in Israel now, up from 164 in 2013. Just over a quarter of those (27.5%) have raised their Seed rounds, so there’s plenty of innovation in the pipeline.

  1. The other big food-technology related deal: International Flavors & Fragrances Inc. agreed to buy Israeli flavors and ingredients maker Frutarom for $7.1 billion in cash and stock.
  2. Energy giant BP made its first foray into Israel with a $20 million investment in quick-charging battery firm StoreDot. BP is among a host of energy giants hunting for clean fuel as the industry pivots away from oil, Bloomberg reports. StoreDot was founded in 2013 and raised $146M from Daimler AG, Samsung Ventures, Norma Investments, Lucion Venture Capital, and TDK (Japan).

A BP gas station. (Photo by Joe Raedle/Getty Images)

Other deals of interest:

Big Data for Enterprises

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Every month, Start-Up Nation Central’s channel on Forbes will highlight a handful of startups that have recently raised funding, signed major contracts, been involved in M&A, or have released other significant news –and that we think are important to keep an eye on.

This could be because:

  1. Their technology is breakthrough and could disrupt important markets
  2. They have an innovative business model or product/service with big market potential
  3. They have big/important founders/CEOs/board directors
  4. Their investors are strategic [big names in VC/Corporate VC]
  5. All or some of the above together

See the lists from March, February and April.

Throughout May, Israeli startups raised $275.4M in 37 deals. Three deals stood out in particular:

Tyson Foods. (Photo by Bryan Steffy/Getty Images for Barcelona Enterprises)

  • Tyson Ventures, the venture capital arm of Tyson Foods, one of the world’s largest food producers, led a $2.2M Seed round in  Jerusalem-based Future Meat Technologies. Future Meat produces non-GMO meat from animal cells without the need to raise or harvest animals. The technique is thought by many to represent a fundamental shift in future meat production and its effect on the environment. Other big name backers include one of the largest food conglomerates in Israel, the Neto Group, China’s food technology venture capital fund BitsXBites, US-based S2G Ventures, HB Ventures, and Agrinnovation, an Israeli investment fund founded by Yissum, the Technology Transfer Company of The Hebrew University.

 Future Meat Technologies was founded in February 2018.

The food-tech ecosystem in Israel is heating up. According to data from Start-Up Nation Finder, there are some 250 currently active food-tech (including Food e-commerce) companies in Israel now, up from 164 in 2013. Just over a quarter of those (27.5%) have raised their Seed rounds, so there’s plenty of innovation in the pipeline.

  1. The other big food-technology related deal: International Flavors & Fragrances Inc. agreed to buy Israeli flavors and ingredients maker Frutarom for $7.1 billion in cash and stock.
  2. Energy giant BP made its first foray into Israel with a $20 million investment in quick-charging battery firm StoreDot. BP is among a host of energy giants hunting for clean fuel as the industry pivots away from oil, Bloomberg reports. StoreDot was founded in 2013 and raised $146M from Daimler AG, Samsung Ventures, Norma Investments, Lucion Venture Capital, and TDK (Japan).

A BP gas station. (Photo by Joe Raedle/Getty Images)

Other deals of interest:

Big Data for Enterprises

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