CTech's Tuesday Roundup of Israeli Tech News

Real estate tech company Compass raises $370 million; team management startup Monday.com raises $150 million at $1.9 billion valuation

Real estate tech company Compass raises $370 million. The new round brings the total capital raised by Compass to date to over $1.5 billion. Read more

 

Team management startup Monday.com raises $150 million at $1.9 billion valuation. Monday.com develops and markets a team management platform for organizations and businesses to manage and track projects, manufacturing lines, and schedules. Read more

 

Tel Aviv. Photo: Shutterstock

 

 

Tel Aviv Stock Exchange completes public stage of offering. The general public was offered stock worth $6.5 million with a cap of $8,500 per investor. Over 1,000 private investors participated in the public stage, through brokers and bank consultants. Read more

 

Retail analytics company Trax acquires image recognition company Planorma. Both companies offer image recognition and other artificial intelligence tools to the online retail industry. Read more

 

Tips | The due diligence survival kit. Venture capitalist Sivan Shamri Dahan shares her tips on making the most of your startup’s due diligence process. Read more

 

Sugar reducing startup Better Juice partners with OJ manufacturer Citrosuco. Better Juice develops a device that uses microorganisms to convert the natural sugars in fruit juice into non-digestible compounds, such as dietary fibers while maintaining flavor and nutritional value. Read more

 

Teva to pay California $69 million in narcolepsy drug settlement. The settlement addresses allegations that Teva paid competitors to delay the release of generic versions of Provigil for almost six years, helping Teva maintain a monopoly. Read more

 

Qualcomm Ventures Israel to oversee Qualcomm's European investments. Qualcomm Ventures, the investment arm of chipmaker Qualcomm, began operating in Israel in 2010 and has since invested in 29 Israeli companies, including Waze and Ravello. Read more