More cross-border transactions involving Israeli companies this week, as well as more financings, as we roll on into October. Valens completed its business combination with PTK Acquisition Corp. at a valuation over USD 1.1 Billion valuation, with Meitar acting for Israel’s Valens; Goodwin for the SPAC. France’s Voodoo bought Israeli gaming company Beach Bum, with Tadmor Levy acting for Voodoo on the deal. Shibolet & Co. acted for IBI, which together with Africa-Israel Hotels created a first-of-a-kind hospitality fund.
In fundraising, Yigal Arnon acted for Adaptive Shield in its Series A fundraising. IVC Data and Insights-Meitar reported that Israeli #startups raised over USD 2.2 Billion in September, raising USD 17.5 billion in the first nine months of 2021, far above the record USD 10 billion raised in all of 2020, even as the pandemic rolls on.
A special review of Israel InsurTech scene presented by IVC and MizMaa Ventures.
Herrick, Feinstein LLP to hold Zoom seminar on all you need to know about the state of investments in the Hotel sector.
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