CTech's Thursday Roundup of Israeli Tech News
Israel buckles down as corona cases reach 100; Israeli tourism is in free dive
Coronavirus in Israel:
Israel buckles down as corona cases reach 100. Prime Minister Netanyahu pledged another $1.65 billion to bolster the economy and the healthcare system as more and more people enter quarantine or get laid off. Read more
Israeli tourism is in free dive. With 1,368 employees laid off, 10,000 possible terminations, and 14,000 employees on enforced vacation, the Israeli tourism industry is looking at losses of NIS 12 billion by the end of the year. Read more
Coronavirus. Photo: AP
With a 100 person cap on gatherings, Israel’s 120 new parliament members cannot be sworn in. Israel’s parliament is looking for solutions for the swearing-in ceremony, scheduled for Monday. Read more
In other news...
Interview | Spanish-Israeli venture fund Cardumen Capital raises $60 million in commitments. Cardumen focuses on early stage deep tech startups. The fund is led by former Samsung Ventures investors Gonzalo Martinez de Azagra and Roy Gottlieb. Read more
In Israel, Just 8% of VC investing partners are female, data shows. Sivan Shamri Dahan, general partner at Tel Aviv-based venture capital firm Qumra, thinks VC funds need to take a more proactive approach towards diversity. Read more
Most Israeli startup founders work up to 15 hour per day, survey finds. A new survey by Axis Tel Aviv and Tel Aviv University's Coller School of Management questioned 200 startup founders in more than 20 tech fields. Read more
Retail analytics company Trax acquires Survey.Com.This is the company’s third acquisition since raising a $100 million funding round in July 2019. Read more
Northwestern, Ben Gurion universities launch joint $21.4 million water technology venture. The new government-supported initiative will focus on the development and commercialization of energy-efficient water supply and reuse technologies. Read more
