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What is Adam Neumann up to now and where is Lemonade heading next?

CTech Daily Roundup: Israeli startups are bracing for a dry spell. The decline in the number of acquisitions in the first half of 2020 signal tough times for the Israeli tech scene

CTech 22:1315.07.20

Analysis | Israeli startups are bracing for a dry spell. The decline in the number of acquisitions in the first half of 2020 signal tough times for the Israeli tech scene. Read more

 

WeWork founder Adam Neumann invests $10 million in smart mobility company GoTo. GoTo lets users book on-demand rides on shared vehicles including cars, bicycles, electric scooters, and mopeds using a single mobile app. Read more  

 

Dogs. Photo: Shutterstock Dogs. Photo: Shutterstock

Tech veterans offer an alternative fast track to the coveted exit. Instead of working for the big payday for many years, Ram Yonish, co-founder of Cymplify, says entrepreneurs should give more thought to making a quick exit. Read more

 

Israeli healthtech VC aMoon Velocity invests $6 million in Nectin Therapeutics. Nectin Therapeutics places antibodies in proteins known to cause cancer, improving immune systems and blocking certain checkpoints. Read more

 

India-China tensions spell a boom for Israel’s defense industry. India wants to stock up on guided bombs and drones as it prepares for more faceoffs with China. Read more

 

Lemonade announces entry into new pet vertical as stock price flattens post-IPO hype. The new insurance product, designed exclusively for cats and dogs, joins Lemonade’s homeowners and renters insurance product. Read more

 

Former Google exec launches Israel’s first investment fund dedicated to gaming. VGames already has four portfolio companies and focuses on pre-seed and seed funding for games studios. Read more

 

Microsoft is on the move, will relocate development center to new WeWork offices in Tel Aviv. 1,500 employees are set to take over four stories in the central Tel Aviv Midtown building by the end of the year. Read more

 

The first images from Israel’s Ofek 16 satellite have been received from space. The satellite is operated by the Israel Ministry of Defense (IMoD) and Israel Aerospace Industries (IAI). Read more

 

Dozens of protesters arrested as demonstration in front of PM's residence turns ugly. The "Black Flags" demonstration was organized in response to police's removal of tents set up by anti-corruption activists outside the premier's residence. Read more