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CTech's Monday Roundup of Israeli Tech News

83North closes a $300 million fifth fund; Small business insurer Next Insurance raises $250 million

CTech 15:1507.10.19

83North closes a $300 million fifth fund. 83North’s portfolio companies include web and mobile monetization company IronSource, in which private equity firm CVC recently agreed to buy a 25% stake for over $400 million. Read more


Small business insurer Next Insurance raises $250 million. Next provides coverage for entrepreneurs and small businesses, using artificial intelligence and machine learning technologies to tailor insurance policies for its clients. Read more 

83North partners. Photo: 83North 83North partners. Photo: 83North


Accelmed raises new $100 million fund with Vincent Tchenguiz as cornerstone investor. The Accelmed Group currently manages assets worth over $300 million dollars across three funds.Read more


Taboola and Outbrain have exhausted every opportunity to butt heads, says venture capitalist. Israeli venture capitalist Chemi Peres, one of the first backers of viral content company Taboola, comments on the company’s recent merger with rival Outbrain. Read more


WeWork puts planned Israeli co-living projects on Hold. The co-working giant had three Israeli co-living spaces in the pipeline, but then came September’s failed initial public offering attempt and the subsequent ousting of co-founder and CEO Adam Neumann. Read more


Stockholm-listed SKF acquires Israeli predictive maintenance startup Presenso. Presenso develops predictive machine learning algorithms designed to anticipate industrial machine failures. Read more


Tourist entries to Israel in September increased by 44% year-over-year. Between January and September 2019, nearly 3.3 million tourist entries were recorded, compared to 2.9 million in the same period last year, an increase of 13%. Read more


Scooter-sharing services Bird and Lime come to Jerusalem. A new pilot program will see several dozens of shared scooters stationed around the city's Har Hotzvim High-Tech Park. Read more

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