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Steven Scheer - 3 Jon Medved - 1 Israel - 1 Maya Eisen Zafrir - 1 Avi Hasson - 1 Hasson - 1 Medved - 1 Arie Zilberstein - 1
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Search resuls for: "LeumiTech"


4 mentions found


☆ Analysis: War with Hamas threatens funding recovery in Israel's vital tech industry
  + stars: | 2023-10-10 | by ( Steven Scheer | ) www.reuters.com   time to read: +5 min
"This is not a particularly easy time to get investment," he added, noting the number of flights to Israel that have been cancelled. CONFIDENCE EARNEDThat said, Hasson and others expect Israel's tech sector to rebound in the same way it has in past conflicts with Palestinian and Hezbollah militants. Medved said that he believes that Israel will prevail as an tech investment destination. "Historically, every time Israel has gone to war, long term has been a buy side," he said. "That shift may even help push those investors who might have been reluctant (to invest in Israel)," he said.
Persons: Jon Medved, Israel, Maya Eisen Zafrir, Avi Hasson, Hasson, Medved, Arie Zilberstein, Gem's, Ariel Efergan, Hillel Fuld, Steven Scheer, Krystal Hu, Louise Heavens Organizations: Overseas, OurCrowd, Hamas, Silicon Valley Bank, IVC Research, Investment, Startup Nation, Israel, U.S, Insight Partners, Security, Startup, Thomson Locations: Israel's, Israel, Gaza, Egypt, Yom, Silicon, Palestinian, New York, Tel Aviv, Jerusalem
☆ Israeli tech firms raised $1.7 bln in Q3 in sign of stabilisation -report
  + stars: | 2023-09-26 | by ( ) www.reuters.com   time to read: +1 min
JERUSALEM, Sept 26 (Reuters) - Israeli high-tech firms raised $1.7 billion in the third quarter, preliminary data showed on Tuesday, in a sign that investment in startups is stabilising. The amount raised in the third quarter was down 38% over the same period in 2022 but only 14% lower from the second quarter, the IVC Research Center and LeumiTech said in a report. Israeli tech companies have raised $5.3 billion so far this year, with $1.9 billion coming in the second quarter. In all of 2022, tech firms raised nearly $16 billion, mainly in the first half before the global economic slowdown, higher interest rates and weak stock markets hit. The Israeli government's plan to overhaul the country's judiciary has also harmed fundraising, with many investors wary and vocal about the country's democratic health.
Persons: LeumiTech, Maya Eisen, Steven Scheer, Kirsten Donovan Organizations: IVC Research, Thomson Locations: Israeli
☆ Israel tech fundraising suffers 65% annual slump in second quarter
  + stars: | 2023-06-28 | by ( Steven Scheer | ) www.reuters.com   time to read: +2 min
Classiq/Handout via REUTERS/File PhotoJERUSALEM, June 28 (Reuters) - Fundraising by Israeli technology firms slumped 65% in the second quarter compared to the same period last year, data showed on Wednesday, as political turmoil in the country exacerbated a global slowdown in the sector. Israeli tech companies raised nearly $16 billion in 2022. But that was mainly in the first half, before the global economic slowdown, higher interest rates and weak stock markets hit. Between April and June, there were only 100 deals and only one was above $200 million, the report said. High-tech had been the fastest growing sector in Israel for a decade, accounting for 14% of jobs and almost a fifth of economic output.
Persons: Yoni Zimmermann, Steven Scheer, Conor Humphries Organizations: REUTERS, IVC Research, Israel Innovation Authority, LeumiTech, Thomson Locations: Tel Aviv, Israel, Handout, cybersecurity, Israeli
☆ Analysis: Israel's tech sector reels from SVB collapse, proposed judicial reform
  + stars: | 2023-04-03 | by ( Steven Scheer | ) www.reuters.com   time to read: +7 min
In an industry of around 400,000 there are currently around 6,000 vacant tech jobs, according to government data. More than half of the country's startups held an account with SVB, companies and venture capital investors said, in some cases their only U.S. banking facility although the amounts involved are not fully known. Tech companies and investors alike said SVB was a rarity in the banking industry, familiar with Israel's tech ecosystem and offering loan terms unmatched by other banks. Citing the judicial reforms, Adam Fisher, a partner at investment firm Bessemer Venture Partners, said fewer American banks may be willing to lend to Israeli companies, which means less competition and more onerous terms. Israel's tech companies are therefore likely to flock to register as U.S. companies, while keeping R&D back home, said Yaron Samid, managing partner of the TechAviv Founder Partners fund.
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