IBI Tech Fund News
16 articles
Martha Nadler of IBI added: “The rapid shifts between gains and losses show that those who engage in aggressive trading won’t benefit from any recovery. Mistakes made in such an environment could take time to reverse.”
The article discusses the impact of U.S. President Donald Trumps tariff plan on global markets, highlighting significant volatility and declines in major indices like Nasdaq and S&P 500. Martha Nadler of IBI explains that the markets reaction is primarily due to fears of economic slowdown and potential recession, rather than inflation. Investors are advised to prepare for continued volatility and to focus on long-term investment strategies. Eyal Kaufman from Bank Leumi suggests maintaining a diversified portfolio and indexing a portion to inflation to mitigate risks. The article emphasizes the importance of diversification and cautions against making hasty investment decisions during market turmoil.
קרן ההון סיכון של IBI תחלק דיבידנד של 26.5 מיליון שקל | כלכליסט
IBI TECH FUND, a venture capital fund traded on the Tel Aviv Stock Exchange, will distribute a dividend of 26.5 million shekels to its investors. This follows a series of dividends the fund has distributed over the past four years, totaling over 110 million shekels. The fund, managed by Dr. Dan Eks and Dr. Dor Lee Shnei in partnership with IBI Investment House, was the only one to successfully raise 400 million shekels for investment in seed-stage startups under a government scheme in 2018. The funds market value stands at 180 million shekels, lower than its capital and the value of the companies it holds.
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ההשקעה בוטלה בגלל המלחמה? קרן IBI Tech Fund חושפת מסלול מזורז
Crypto security startup Hypernative raises $9M to help prevent web3 cyber attacks
Crypto security startup Hypernative has raised $9 million in seed funding from investors including boldstart ventures and IBI tech fund. The company, which was founded by Gal Sagie and Dan Caspi, focuses on predicting and preventing crypto thefts and scams. Its first product, Pre-Cog, monitors on- and off-chain data sources to predict threats before they occur. Since its launch, it has helped users save tens of millions of dollars. Hypernatives client base ranges from asset managers, hedge funds, traders and market makers interacting with crypto to blockchains and protocols.
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מפעילת הענן הוירטואלית שרוצה לשחרר אתכם מנעילת הענן
Control Plane, a virtual cloud operator, enables the migration of applications between clouds, addressing the issue of cloud lock-in. The company, founded by Doron Greenstein, operates in 174 regions worldwide, offering a virtual cloud or abstraction layer for existing clouds. This allows for the transfer of computing resources from one cloud to another, reducing latency and costs. Control Plane has raised over $5 million in funding from investors including IBI Tech Fund and Ibex. The company, which was founded in October 2019, currently has around 40 customers.
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RightBound raises $15M more to automate B2B sales development
RightBound, a platform designed to automate manual business-to-business (B2B) sales processes, has raised a $15.5 million extension to its series A funding, bringing the total to $27 million. The funding round was participated by Innovation Endeavors, Operator Collective, and IBI Tech Fund. The company plans to use the funds to support growth in product, engineering, data science, customer success, marketing, and sales. RightBounds customer base more than tripled to several dozen in the past year. The company, which was founded in 2019, gathers insights on development efforts and makes recommendations to update sales playbooks.
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How is VC financing affecting your startup's go-to-market strategy?
Polar Security unveils cloud data protection platform, $8.5M seed round
Polar Security, a Tel Aviv-based startup, has announced an $8.5 million seed round of funding. The company, which emerged from stealth mode, offers a platform that automatically discovers and classifies sensitive cloud-native data. The platform also detects vulnerabilities that could lead to data exfiltration or ransomware, and detects compliance violations for regulations such as GDPR. While the startup does not yet have paying customers, it has deployed its technology in production workloads with companies in the U.S. and Israel. The funding will be used for hiring, with a goal to double the companys size over the next six months.
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Avo announces over $80M in funding to accelerate ambitious growth plans in the delivery & amenity business
Claridge Israel leads $10m funding for Israel's Shopic Venture Capital Journal
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Sales automation platform RightBound nabs $12M
Sales automation startup RightBound has raised $12 million in a funding round led by Innovation Endeavors. The company plans to use the new capital to double its headcount by 2022, hiring new positions at its offices in the U.S., Israel, and elsewhere. RightBounds platform uses AI to optimize sales development processes, collecting data and conducting outreach on behalf of sales reps. The companys revenue has increased 100% quarter-on-quarter in the past year.
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RightBound raises $12 million to drive B2B sales
Israeli startup RightBound has raised $12 million in a series A funding round led by Innovation Endeavors, with participation from IBI Tech Fund, Operator Collective, and angel investors. The company, which has developed an autonomous sales prospecting engine, plans to double its team of 20 full-time employees by 2022. RightBounds platform uses AI to automate the prospecting process, connecting with Salesforce, Hubspot, Outreach.io, and Salesloft to optimize targeting and outreach. The company claims that customers see between 100% and 300% ROI in terms of deals closed from leads sourced and engaged by the RightBound machine within 1-4 months of implementation.
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Israeli Startup Nimble Raises $10M For Autonomous Manicure Robot
Israeli startup Nimble, which has developed an automatic manicure machine using 3D image processing technologies, has raised $10 million in a seed funding round. The round was led by Entrée Capital and LionBird, with participation from IBI Tech fund, Aristagora VC, and private investors including Allot founder Yigal Yaacobi, InnerActive founder Ziv Elul, and Moovit co-founder Nir Erez. The company, which currently employs 12 people in its offices in Israel and New York, is recruiting additional employees to increase product marketing and development processes. Nimble also launched a Kickstarter campaign with the goal of raising at least $25,000 for production and growth.
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Nail-painting robot startup Nimble nets $10 million in seed funding
Israeli startup Nimble has raised $10 million in a funding round led by Entrée Capital and LionBird, with participation from IBI Tech fund, Aristagora VC and private investors. Nimble has developed an AI-powered device that can paint and dry nails in 10 minutes. The company also launched a Kickstarter campaign in April with a goal of raising at least $25,000 for product production and growth acceleration. Within three weeks, the campaign raised over $1.4 million, with more than 4,000 customers purchasing the product. The product is expected to be available to consumers by the end of the year.
InvestmentCustomers
Venture capital valuations - the 2020 anomaly
The article discusses the surge in tech IPOs in 2020, despite the COVID-19 pandemic. It highlights the increasing interest in VC-backed companies, with mutual fund families like Fidelity Investments and T. Rowe Price investing directly in late-stage companies. The article also discusses the complexity of valuing these companies, with a recent paper suggesting that post-money valuations often overstate company values. Despite this, the stock prices of VC-backed companies that went public in 2020 have generally skyrocketed. The article concludes by suggesting that the current market conditions are favorable for founders, but warns that if life returns to normal post-pandemic, inflows to tech stocks may decrease.
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IBI Tech Fund invests $2.5m in two startups
Israels IBI Tech Fund has announced two new investments totalling $2.5 million. The fund has invested $2 million in sales process automation company RightBound and $500,000 in AI company Xperiti. The investments were made in partnership with Shalev Hulio and Dr. Rafi Gidron. The fund, which was founded with government assistance, raised NIS 403 million in June 2018 and will invest up to 75% of its assets in non-marketable high-tech companies.
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