Marius Nacht News
15 articles
Marius Nacht: "I wont have another success in high-tech like Check Point, but in biotech I will" CTech
Marius Nacht, co-founder of Check Point, has been investing in biotech companies, with a particular focus on DayTwo. The company, which provides personalised diet recommendations based on gut bacteria and blood sugar levels, has raised $85 million to date and is preparing for another funding round. Nacht is the main investor in DayTwo, which is aiming to shift its focus to promote growth and profit. The company is particularly targeting the US market, focusing on Type 2 diabetes. Nacht also discussed his departure from the digital bank and the aMoon fund, stating his preference for investing in Israeli companies.
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מריוס נכט: "לא תהיה לי עוד הצלחה בהייטק כמו צק פוינט. בביוטק - כן" כלכליסט
Marius Nacht, one of the founders of Check Point Software Technologies, has been investing heavily in biotech companies, with his main focus being DayTwo. The company, which provides personalized nutrition recommendations based on an algorithm that weighs the composition of gut bacteria and sugar levels from various foods in the blood, has raised $85 million to date and is preparing for another funding round. Nacht, the companys main and enthusiastic investor, aims to shift the companys focus to promote growth and profit. He plans to invest millions in the current funding round as the company needs money to break into the US market.
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כלכליסט - דף הבית - הודעת שגיאה
Dr. Uri Yaron, a former senior executive at Johnson & Johnson, will be appointed as the head of Marius Nacht’s biotech and health investment arm. Marius Nacht is one of Israel’s largest investors in the health sector and has directly invested in around 40 biotech and medtech companies. The appointment of Dr. Yaron is expected to contribute to the growth of the company.
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Marius Nacht steps down as Check Point chairman
Marius Nacht, the chairman of Check Point Software Technologies Ltd., is stepping down and will be replaced by Jerry Ungerman. Nacht, one of the companys founders, has served as chairman since 2015. He expressed his desire to focus on new healthcare and biotech projects. Check Point CEO Gil Shwed thanked Nacht for his contribution and expressed confidence in the companys future under Jerrys leadership. Check Points share price was down 0.39% on Nasdaq, with a market cap of $15.332 billion. The article was published on May 28, 2020.
Management Changes
The Nacht Family Foundation Throws Lifeline to Music Industry Workers
The Inbar and Marius Nacht Foundation will donate NIS 3.5 million to support 700 music industry workers affected by the COVID-19 crisis. The workers, including musicians, lighting professionals, amplification technicians, and production workers, will each receive NIS 5,000. The foundation, established by Attorney Inbar Nacht, has been actively involved in various initiatives during the pandemic, including supporting the elderly population, fundraising for a nonprofit organization, providing pro bono legal representation, and establishing a national cancer network. The donation aims to provide relief to freelancers and independent workers who do not have social security or unemployment benefits.
Layoffs
Marius Nacht quits digital bank
Billionaire Marius Nacht is selling his stake in the digital bank he founded to his partner Amnon Shashua. Shashua will become the sole controlling shareholder and will inject $60 million as equity into the bank. The change of ownership requires approval by the Bank of Israel. Despite the coronavirus crisis, the bank is moving forward with its plans to open in the second half of 2021. The bank has hired dozens of employees and is finalizing its banking products, services, and regulatory procedures. It has also signed an inter-bank agreement for cash withdrawals and applied to become a member of the Tel Aviv Stock Exchange. Shashua believes the digital bank represents an opportunity to bring about a technological revolution in the financial-consumer reality.
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Nacht: Israelis still see the medical sector as risky
The article discusses the challenges faced by young companies in Israel, particularly in the medical sector. Marius Nacht, co-founder of Check Point and leading investor in aMoon, emphasizes the importance of building sustainable companies in the medical sector. He mentions that entrepreneurs in the medical sector are more focused on the long term and want to build sustainable companies, rather than making a quick exit. Nacht also highlights the shortage of capital in the medical sector, especially in the later stages, which leads companies to conduct premature offerings or be sold too soon. He explains that aMoon, as a venture capital fund, aims to invest in these companies to bridge the capital gap. The article also mentions the importance of gender diversity in the sector and the need for continuity in leadership.
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Marius Nacht Buys Controlling Stake in Universal Flu Vaccine Developer BiondVax
Marius Nacht, co-founder of Check Point Software Technologies Ltd., has acquired a controlling stake in BiondVax Pharmaceuticals Ltd. through his wholly-owned entity Angels Investments in High Tech Ltd. Nacht now owns approximately 42% of BiondVax. The company raised $20 million via a rights offering, with Nachts investment totaling $16.67 million. BiondVax is a Jerusalem-based company developing a universal flu vaccine called M-001, currently in advanced clinical trials.
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Check Point billionaire, Sheba hospital chief to attend Bahrain peace confab
Israeli billionaire tech entrepreneur Marius Nacht, co-founder of Check Point Software Technologies Ltd., will be attending a US-led economic peace workshop in Bahrain. The workshop aims to facilitate discussions on a prosperous future for the Palestinian people and the region. Prof. Yitshak Kreiss, the director general of the Sheba Medical Center, and businesswoman Netta Korin will also be attending. The workshop will focus on the economic portion of the White Houses plan to resolve the Israeli-Palestinian conflict. Israeli officials and Palestinians will not be attending the event. The White House has released a $50 billion aid package to boost the Palestinian economy, which can only be implemented through a peace agreement.
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Check Point billionaire Nacht: Digital healthcare is Israel's next growth engine
Billionaire Marius Nacht, co-founder of Check Point Software Technologies, believes that the digitization of life sciences and healthcare will be the next growth engine for Israel. Nacht, who also founded a life sciences venture capital fund, aMoon, and a nonprofit organization focused on healthcare, spoke about the potential impact of digitization at a conference. He highlighted the success of Check Point Software in driving economic growth and innovation in Israels cybersecurity sector. Nacht called for partnerships and business collaborations to further develop Israels healthcare industry and ensure that Israeli companies in the sector thrive and achieve high acquisition prices.
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Billionaire Nacht seeks to set up new digital bank in Israel
Billionaire Marius Nacht, co-founder of Check Point Software Technologies Ltd., is in talks with Israeli regulators to set up a new digital bank in Israel. Nacht and his partner plan to invest $60 million into the initiative and raise an additional $60 million from other partners or through issuing shares. They believe that the Israeli banking sector is on the cusp of a major technological revolution and want to be at the forefront. The process is expected to take a year or a year and a half. The group is currently searching for a CEO. This would be the first new bank set up in Israel in decades.
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Marius Nacht invests in Swiss fintech startup Numbrs
Israeli billionaire Marius Nacht, cofounder and chairman of Check Point Software Technologies, participated in a $27 million financing round for Swiss fintech startup Numbrs. Numbrs is a data-driven asset management firm that aims to become a leading asset manager by aggregating the accounts and assets of its clients. The firm has raised 150 million Swiss francs to date and has attracted prominent investors such as the Sovereign Wealth Fund of Dubai and Sir Ronald Cohen. Numbrs utilizes advanced technologies like machine learning to improve its customers personal finances.
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Nacht sold Check Point shares worth $540m in 2017
Check Point Software Technologies Ltd. co-founder and chair Marius Nacht has continued to sell his shares in the company, reducing his stake to 3.9%. CEO Gil Shweds holdings will be published soon. Check Points share price averaged $108 during the period of Nachts share sales, resulting in estimated proceeds of $540 million. Nacht currently holds 6.2 million Check Point shares, valued at $632 million. Shwed holds 17.9% of Check Points share capital, worth $3.1 billion. Check Points market cap is $16.6 billion. The companys revenue grew 6.5% to $1.85 billion in 2017. Nacht is also an active investor in medical companies and a director in DayTwo.
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Marius Nacht founds $100m life sciences fund
Marius Nacht, co-founder and former chairman of Check Point Software Technologies Ltd., is founding an investment fund focused on life sciences. The fund is estimated to be worth $100 million and will invest in companies with the potential to become self-sufficient. Nacht has already invested in several startups, including DayTwo and Regenera Pharma. The fund will likely focus on companies at relatively advanced stages, with less emphasis on seed investments.
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Israeli billionaire Nacht bets big money on another Teva in healthcare
Marius Nacht, co-founder of Check Point Software Technologies, is raising a healthcare-focused fund of more than $100 million after investing tens of millions of dollars of his own fortune in a dozen such startups. Nacht aims to provide late-stage funds to start-ups, allowing entrepreneurs to grow large companies. Israeli life science start-ups raised $975 million in 2015, accounting for 22 percent of technology fundraising, and $680 million in the first nine months of 2016, according to the Israel Venture Capital Research Center. Nacht also invested several million dollars in Regenera Pharma and $5 million in start-up Aquarius Engines.
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