While August is often a quieter month for transactions, there was no let up as in one week, Israeli start-ups raised over USD 700 million and insurance company Clal agreed to buy credit card company Max, at a NIS 2.45 billion valuation.
Gornitzky acted for Warburg Pincus, with Wachtell, Lipton, Rosen & Katz as US counsel, while Fischer (FBC) acted for Clal in this milestone transaction.
Among the start-ups making a splash this week, Israeli short-term rental platform Guesty raised USD 170 million in a Series E financing round, represented by Erdinast, Ben Nathan, Toledano & Co. With Hamburger Evron, with Weil, Gotshal & Manges advising investor Apax. Elsewhere, Pliops raised USD 100 million Series D to make data centers run faster and more efficiently, DriveNets, represented by Meitar, secured USD 262 million in a Series C, and HiBob, represented by BFP & Co. raised USD 150 million in a Series D, at $2.45 billion valuation. Yigal Arnon -Tadmor Levy represent the lead investors General Atlantic.
More on the start-ups side, Israeli financial newspaper Calcalist published its annual list of Israel’s 50 promising start-ups. Using competitive data analysis and business intelligence tool, Legal-BI, we tracked the Israeli law firms representing them.
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https://mailchi.mp/legalmarketing/legally-israel-news-roundup-8673842
