Flow News
3 articles
growth-positive
Canada Global secures $27M investment from Flow, Andreessen Horowitz, and Wiz’s Assaf Rappaport for major U.S. projects.
Canada Global has secured a $27 million investment from Flow, Andreessen Horowitz, and Assaf Rappaport to fund major U.S. projects, particularly in the Miami real estate market. The investment involves Flow acquiring a 29% stake in Canada Global, with shares issued at a premium price. This deal significantly boosts Canada Globals valuation and market value, marking a positive growth trajectory for the company. The partnership with Flow, led by Adam Neumann, and the involvement of Andreessen Horowitz, represents a strategic move to expand Canada Globals operations outside of Israel. The company plans to focus on developing and operating rental housing projects in Miami, leveraging favorable market conditions.
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growth-positive
After the investment, controlling owners Assaf Tuchmair and Barak Rosen will hold about 60% of the company, Flow will hold about 30%, while Wiz CEO Assaf Rappaport and the public will hold the remainder.
Adam Neumanns real estate company Flow has acquired a 30% stake in Israeli real estate investment company Canada Global for approximately $27 million. This transaction values Canada Global at around $92 million post-money. The controlling owners, Assaf Tuchmair and Barak Rosen, will hold about 60% of the company, while Flow will hold 30%, and Assaf Rappaport and the public will hold the remainder. The partnership aims to integrate residential apartment operations in Florida into Canada Global, which is currently a shell company traded on the Tel Aviv Stock Exchange. Flow will manage the assets and focus on providing wellness-focused living experiences. Flow was co-founded by Adam Neumann in 2022 with a $350 million investment from Andreessen Horowitz.
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רשת מחסני השוק, תטמיע בכל סניפיה את העגלה החכמה של WalkOut בלומר
Israeli company WalkOut, which developed a smart shopping cart, has signed a broad cooperation agreement with one of the largest marketing networks in Israel, Shufersal. The smart cart system identifies products loaded and removed from the cart using cameras with the highest level of accuracy in the world (99.2%), allowing customers to pay for their purchases without having to go to the checkout. The system will be implemented in all 62 branches of Shufersal, starting next month.
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