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Israel's Week in Business & Technology

for week ended October 4

Israeli migraine treatment co Theranica raises $45m

Nerivio is an FDA-cleared, prescribed, smartphone-controlled, drug-free wearable device for the treatment of episodic and chronic migraine in people aged 12 and older.

Jonathan Matos credit: Fairmatic Insurtech co Fairmatic raises $42m, to open Israel R&D center

Fairmatic is using big data and AI to disrupt the commercial auto market for company fleets.

Mermade Seafoods founders credit: Ofir Harel Cultivated scallops co Mermade Seafoods raises $3.3m

The Jerusalem-based food-tech company has unveiled a new circular cellular agriculture technology for the production of cultivated scallops.

Dollars credit: Shutterstock Israeli startups raised $1.1b in August

Israeli startups have raised $12.7 billion in the first eight months of 2022.

Michal Braverman-Blumenstyk credit: Yossi Zeliger Microsoft’s Climate Innovation Fund launches in Israel

The tech giant’s $1 billion Climate Innovation Fund is recruiting Israeli clima-tech startups.

Smartphone  credit: Unsplash/Gilles Lambert How Instagram turned into a porn hothouse

"Globes" reveals how Instagram's Live Rooms has become a platform for obscene content, which parent company Meta struggles to supervise.

Yuval Cohen Credit: Shlomi Yosef Fortissimo buys control of pharmaceutical co CTS

The Israeli private equity firm will pay NIS 150 million for an 80% stake in CTS Group.

Erroca. credit: Elad Gutman Super-Pharm acquires sunglass retail chain Erroca

Market sources value Erroca at more than NIS 75 million.

Zohar mannequin with radiation vest  credit: DLR NASA's Artemis mission to test Israeli radiation vest

The vest, produced by StemRad, is designed to protect humans against cosmic radiation on the Moon, and possibly on Mars.

Energean FPSO platform  credit: Energean Israel and Lebanon seen agreeing maritime border in September

The deal will be signed, sources say, as Energean begins producing gas from the Karish field in the last week of September.

Paris credit: Shutterstock Strong shekel hits Israeli real estate cos in Europe

Raising debt in shekels for assets valued in euros and sterling has dealt a painful blow to the profits of Israeli real estate companies.

Towers at Hashalom junction, Tel Aviv, with Givtayim and Ramat Gan in background  credit: Shutterstock Tel Aviv home prices 60% above next door Ramat Gan

Home prices and office rents are pushing each other upwards in the Tel Aviv "scooter space". What can break the chain?

Israeli apartments Photo: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel including in Tel Aviv, Rishon Lezion, Lod, Modi'in, Rosh Ha'ayin, HaKraiot, and Kiryat Tivon.

First to bow to pressure: Discount Bank raises deposit interest

Israel's banks have been quick to raise interest rates on loans; public criticism has been mounting of their failure to do so for deposits.

Pensioner  credit: Shutterstock/Goran Cakmazovic Longer life expectancy wipes NIS 2.3b off insurance co profits

The Phoenix was the only major Israeli insurance company to post a second quarter profit, while Migdal posted the largest loss.

David Federmann credit: Yediot Ahronot Reuven Schwartz David Federmann to take control of Bazan

The debt settlement for Israel Petrochemical Enterprises has been approved, thus paving the way for David Federmann to gain control of Bazan.

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