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Tech Israel
Daily Updates from Silicon Wadi for
Monday, May 31, 2021
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Bank of Israel leaves rate unchanged as economy recovers but ‘challenges remain’
By
Shoshanna Solomon
Central bank keeps its key lending rate at 0.1% in line with forecasts; says monetary policy will continue to be ‘accommodative’ for a ‘prolonged time’ using a range of tools
Israel-China medical fund to raise $300m for joint drug development ventures
By
Shoshanna Solomon
The Guangzhou Sino-Israel Bio-industry Investment Fund, headed by Israel’s former chief scientist, has already closed $200 million for its second fund to finance clinical trials
3 of Israel’s most-hyped initial coin offerings were scams, ex-employees allege
By
Simona Weinglass
An assistant to the Beitar Jerusalem owner sues his boss, claiming that Moshe Hogeg and his associates stole $250 million raised through Stox, Sirin Labs and Leadcoin ICOs
DayTwo, a maker of diet advice app based on gut bacteria, raises $37 million
By
Shoshanna Solomon
Startup’s existing investors and new ones participate in funding round; app helps people with diabetes and other metabolic diseases eat best-suited foods
Israel reportedly set to ease export quotas of natural gas
By
Shoshanna Solomon
An inter-ministerial committee recommends increasing exports from 40% to 52% of total yearly production and imposing no export curbs on fuel from new fields
From the web
Israeli pharma firm NeuroRX completes SPAC merger at $1.5 billion valuation
NoCamels: Clinical-stage small molecule drugmaker announces merger with Big Rock Partners Acquisition Corporation to trade on Nasdaq exchange
From the web
Israeli insurtech co Novidea raises $30 million
Globes: The Netanya-based startup provides a cloud-based, data-driven insurance platform that allows brokers, and agents to cut costs and grow operations
Asaf Shimoni
Propaganda aside, Israel is thriving as never before
Israeli culture and media are almost non-existent outside the country, and it is a must to set up international media corporations to compete with the BBC and Al-Jazeera
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