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Startup of the Week: Sufresca, natural, edible coating keeps produce fresh
Rewire: Banking services for millions of migrants
Nobel laureate and MedTech CEOs talk precision medicine
The EVERY Company produces animal-free macaron
Plantish fishes for restaurant partners
OurCrowd hosts dinner for US Ambassador to Israel
Sabah al-Binali, OurCrowd's man in Abu Dhabi
OurCrowd staff mark Good Deeds Day, Jerusalem Marathon
Paralyzed man climbs to world record with ReWalk exoskeleton
Sapiens and Ravin.ai streamline auto insurance claims
NVIDIA drives autonomous vehicle development with Foretellix
Introductions
More than 4,600 high-tech jobs

Startup of the Week:
Sufresca: Natural, edible coating keeps produce fresh

As much as half of all the world's fresh fruits and vegetables are lost or wasted, resulting in steep financial costs to suppliers, and a major impact on the global food supply and environment. Israeli startup Sufresca has developed a novel, cost-effective, edible, natural and biodegradable coating that extends the shelf life of produce, while being ultrathin, transparent, tasteless, odorless and virtually undetectable to consumers. The coating, based on 15 years of research at the Hebrew University, adds several weeks to shelf life in refrigerated and ambient temperatures, and is made entirely of natural, biodegradable ingredients. The company has ongoing industrial trials with key produce distributors in Belgium, France, Israel and the UK and is projecting initial revenue by 2023. OurCrowd has a $2M allocation at a 20% discount and with a cap of $20M in this $5M SAFE.

Rewire: Banking services for millions of migrants

There are some 270 million migrant workers around the world who send around $600B of their hard-earned money back home. Traditional banks have made it difficult and expensive for them to get financial services. Things are changing, thanks to our portfolio company Rewire, which supports some 1 million transactions a year and just wrapped up a $25M funding round, Lisa Gann writes in the Times of Israel. The company counts Yahoo! co-founder Jerry Yang as one of its early investors. OurCrowd investors can join this round for a limited period.

Nobel laureate and MedTech CEOs talk precision medicine

Nobel laureate Prof. Aaron Ciechanover, with CEOs from OurCrowd's MedTech startups Genopore, OncoHost and Sequentify, were my guests for an online webinar on 'Investing in Precision Medicine.' They explained how the technology their companies bring to the table can be game changers in different healthcare fields.

The EVERY Company produces animal-free macaron

The EVERY Company produces real egg proteins without chickens. High-end patisserie Chantal Guillon is using EVERY ingredients for its macarons, a French cookie that relies heavily on egg whites. The treats are available in its stores and online, Food Navigator reports. Like all of the company's commercial products, the EVERY EggWhite uses genetically engineered microbes to produce egg proteins in fermentation tanks. EVERY aims to disrupt the $200B egg market and is now funding on the OurCrowd platform.

Plantish fishes for restaurant partners

OurCrowd's alternative seafood startup Plantish believes it is close to initial distribution of its whole-cut salmon filet via restaurants, TechCrunch reports. Unlike cell-cultured meats that use animal-based cells to make food, Plantish salmon uses plant-based ingredients already used in foods in the US, so the company does not need FDA approval to serve its food, says CEO Ofek Ron. The company is looking for pop-up locations so people can try the product and aims to get Plantish salmon into the first restaurants by December 2023, before launching across the US by 2024. Plantish's successful $12M raise is believed to be the largest seed funding round to date in the alternative seafood market. OurCrowd investors can still join this round, for a limited period only.

OurCrowd hosts dinner for US Ambassador to Israel

I was delighted to host the new US Ambassador to Israel, Tom Nides, together with my partner Sabah al-Binali, Chairman of OurCrowd Arabia, at a dinner to introduce him to some of Israel's top entrepreneurs. The Ambassador heard from 9 of our portfolio company CEOs including Natan Barak of mPrest, Dan Brahmy of Cyabra, Dvir Cohen of Memic, Mark Gazit of ThetaRay, Meir Kleiner of Airobotics, Talmon Marco of H2Pro, Yossi Pollak of Sight Diagnostics, Kira Radinsky of Diagnostic Robotics, and Dor Skuler of Intuition Robotics. We were accompanied by my colleagues Laly David, Shiri Fein, Adi Lavi, Yakir Machluf, Adi Lavi, Ori Sobovitz and Natalie Solomon.

Sabah al-Binali, OurCrowd's man in Abu Dhabi

Trade and investments between Israel and the UAE have flourished since the signing of the Abraham Accords, reaching an estimated $600-$700M in the first year. "Israelis have a strong entrepreneurial spirit and are quick decision-makers, while in the UAE, you have good, long-term strategic thinking," Dr. Sabah al-Binali, Executive Chairman of OurCrowd Arabia, tells Jewish Insider on his first trip to Israel. "If we can synergize this fast-decision-making entrepreneurial spirit with the thoughtful, strategic thinking, then it could be the best partnership in the world — it could be unbelievable."

OurCrowd: Jerusalem Marathon, Good Deeds Day

An athletic group of OurCrowd employees joined 25,000 runners who braved the wet streets of Jerusalem to participate in the city's annual marathon. Besides having a run in the rain, the team helped raise money for Kav L'Noar, a non-profit organization dedicated to breaking the stigmas surrounding emotional and mental health. Dozens of OurCrowd staffers took part in Good Deeds day at locations across Israel. They volunteered at 10 different sites doing such worthy tasks as packing food boxes for the underprivileged, participating in fun activities with hospitalized children, caring for animals at a local shelter and even keeping the beaches of Tel Aviv clean.

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BetterSeeds: Adapting today's crops for tomorrow's challenges

Population growth and changing consumption patterns mean the world will need to increase food production by 70-100% in the next 50 years. Land, water, energy and other natural resources are already strained. BetterSeeds is a pre-revenue Israeli startup that uses CRISPR gene-editing technology to produce seeds for cash crops that have increased nutritional value and higher yields, are suitable for automated harvesting, and can adapt to changing climate conditions. BetterSeeds was chosen for strategic collaboration by Merck Pharmaceuticals and granted first access to Merck's 38 CRISPR patents as the sole Israeli licensee. The company is planning its commercial launch in 2022, focusing on cannabis, tomato, legumes, vegetable seeds, and perennial crops for targeted customers including seed and cannabis companies. It has 16 patents covering both genes expressing specific game-changing traits and its CRISPR delivery system. It has a pipeline of five additional patent drafts covering additional CRISPR and crop-genetics technology. BetterSeeds aims to complete an IPO within 18 months. OurCrowd is joining this $7M round with an up to $2M allocation.

Appdome: Providing 500M mobile users with security in 2022

Appdome is growing fast. Its technology was protecting more than 100 million end users at the end of 2021, a 5X increase compared to 2020. It is forecasting 500 million by the end of 2022. Businesses of all types are increasingly reliant on mobile applications. Corporations and consumers alike have growing concerns with the security of the mobile apps they use. Until now, building cybersecurity into mobile apps has been a time-consuming, manual process. Appdome is a fast-growing Israeli company that automates the process of securing mobile apps with a comprehensive "no-code" mobile app security and development platform for both Android and iOS apps. With no-code, the customer's app development team simply uploads Appdome's app, selects the security features it wants to add, pushes a "build my app" button, and the features are automatically added. It has multimillion-dollar ARR contracts with Citi, Fiserv, and Marriott, and offers solutions that meet the needs of both B2B and B2C applications. This $25M Series C round is led by Menlo Ventures and JVP. Co-investors include Draper Nexus Technology, Rally Ventures and Vaal Investment.

No more 'Can you hear me?' Cellium delivers indoor 5G wireless

Augmented reality, virtual reality, robotic surgery and the internet of things all require the ubiquitous, reliable, uninterrupted, wireless connectivity of 5G wireless internet. But 5G's higher mid-band frequencies have trouble penetrating walls and windows resulting in the ubiquitous "Can you hear me?" of modern mobile communications. Current indoor 5G systems are expensive and suited only to large venues, leaving most small and medium businesses behind. Cellium's Insphere makes the 5G difference, enabling next-generation wireless connectivity even indoors - at 25% of the cost of competing systems. The company is currently in MOU discussions with system vendors, a major semiconductor company and leading wireless network operators in the US, Japan, Russia, and elsewhere. Cellium's impressive team is led by CEO Dror Jerushalmi, co-founder and CEO of Valens (NYSE:VLN), a leading fabless semiconductor company whose HDBaseT technology has been adopted as a standard for connectivity in the audio-video and automotive markets. COO Roy Kinamon was formerly the head of the Israel Design Center for STMicroelectronics (NASDAQ: STM). CFO Gil Bahat previously served as the CFO for Zeekit, acquired by Walmart. Join OurCrowd as we lead this $12M round with Mivtach Shamir. Co-investors include GBZ Technologies.

Top Tech News

No more lost in the supermarket: Instacart taps Oriient navigation

Instacart, the leading online grocery platform in North America, has tapped OurCrowd portfolio company Oriient to power its new in-store navigation feature. Oriient's indoor GPS technology gives users an interactive map of the grocery store they're in, including precise item locations, making them easier to find. Instacart is piloting the feature in more than 80 stores, with more to be added. "Over the next several months, we look forward to introducing additional features based on direct shopper feedback, as we further our goal of offering the best possible shopper experience," John Adams, vice president of shopper and fulfillment product at Instacart, tells TechCrunch.

Paralyzed man climbs to world record with ReWalk exoskeleton

A British man who is paralyzed from the waist down broke the Guinness World Record by climbing 1,444 stairs to the top of a London skyscraper wearing an exoskeleton from our portfolio company ReWalk, UPI reports. It took Simon Kindleysides, who lost his ability to walk due to an inoperable brain tumor, 6 hours and 16 minutes to reach the top of the 51-story Leadenhall Building in London. Kindleysides holds another record for the London Marathon in 2018, which he completed using a ReWalk robotic walking device.

Sapiens and Ravin.ai streamline auto insurance claims
Sapiens, a leading provider of software solutions for the insurance industry, is teaming up with our portfolio company Ravin.ai to reduce the time it takes to process a claim. Ravin's damage detection software uses computer vision to identify everything from scratches to dents on vehicles by tapping data from commercial fleets and rental companies. "Ravin's innovative platform is helping insurers focused on commercial fleets and rentals realize immediate benefits, especially with its ability to detect even the most minor types of damage," says Amanda Ingram, Ecosystem Partner Manager at Sapiens.

NVIDIA drives autonomous vehicle development with Foretellix
Our portfolio company Foretellix is teaming up with NVIDIA to help autonomous vehicle makers get to market faster and safer. Foretellix's Foretify validation platform, coupled with NVIDIA'S DRIVE Sim virtual simulator, can expose vehicle bugs, edge cases and unknowns more quickly and efficiently. "By combining the two, developers can have access to the most advanced toolchain to accelerate the development and deployment of autonomous vehicles," says Zvi Greenstein, General Manager at NVIDIA.

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Nothing contained in and accompanying this communication shall be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any security by OurCrowd, its portfolio companies or any third party. Information regarding OurCrowd's limited partnerships and/or portfolio companies and the investment opportunities on OurCrowd's website is intended and available for accredited investors only (criteria at OurCrowd). OurCrowd urges potential investors to consult with licensed legal professionals and investment advisors for any legal, tax, insurance, or investment advice. OurCrowd operates in Canada through OurCrowd Canada Inc., an exempt market dealer registered in the Provinces of British Columbia, Alberta, Manitoba, Ontario, Quebec and Nova Scotia.