- Top investment opportunities
- Startup of the Week: SynergyMed, transforming surgery with 3D printing and visualization
- Norway awards Wind Catching Systems $2.1M grant
- JITO Angel Network partners with OurCrowd
- Kando's AI-powered wastewater intelligence detects health hazards
- OurCrowd picks travel partners for 2023 Summit
- Zoomcar announces SPAC, receives $10M investment
- Ossio raises $38.5M Series C
- MFS Africa picks ThetaRay to secure millions of financial transactions
- BetterSeeds: First Israeli company to export medical cannabis seeds to Canada
- Lemonade launches in UK, partners with Aviva
- T. Rowe Price invests in YuLife's $120M Series C
- Ÿnsect to open world's largest insect farm in France
- Rolls-Royce taps Classiq for quantum design algorithms
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Startup of the Week
SynergyMed: Transforming surgery with 3D printing and visualization
3D printing is revolutionizing industries from alternative foods to construction. California-based startup SynergyMed plans to bring its unique 3D technology SaaS platform into healthcare with proprietary visualization and printing capabilities that significantly improve patient results while cutting providers' costs. Among its many capabilities, the hardware-agnostic system allows medical professionals to design and 3D print patient-specific surgical tools and implants, transforming the way procedures are performed. SynergyMed's platform is ISO certified for use in Europe and has assisted over 1,200 surgical procedures to date across 16 surgical disciplines in 25 hospitals in Israel, the UK and Spain. As the company plans to expand into the US and seek FDA clearance, it has signed an agreement with Israel's largest HMO, which will use its technology in hundreds of procedures at top hospitals. OurCrowd is leading SynergyMed's current funding round.
Norway awards Wind Catching Systems $2.1M grant
The Norwegian government awarded alternative energy pioneer Wind Catching Systems a $2.1M grant to develop a prototype of its multi turbine offshore wind structure, which is designed to provide 5X the amount of power than current offshore wind facilities with a much smaller footprint, the Maritime Executive reports. The grant will fund the design, construction and testing for the pilot of the Wind Catcher, which will be tested in 2023. "The government has big ambitions for offshore wind," says Espen Barth Eide, the Norwegian Climate and Environment Minister. "If we succeed in bringing down the costs of floating offshore wind, it can become an important source of renewable energy and a major industrial opportunity for Norway." OurCrowd is participating in Wind Catching Systems' current funding round. More details available under NDA.
JITO Angel Network partners with OurCrowd
JITO Angel Network (JAN), the only global community-based angel network in India, signed an agreement with OurCrowd to promote mutual investment opportunities. Through the arrangement, JAN members will receive curated access to OurCrowd's funds and portfolio companies on a deal-by-deal basis. "We are proud to have found a partner in OurCrowd, one of the largest venture capital firms in Israel and the country's most active startup investor. This deal will empower inventive and ingenious companies in two of the most robust technology ecosystems in the world," says Rajat Mehta, Chairman, JITO Incubation and Innovation Foundation. In September, JAN invested in BetterSeeds, its first investment in an OurCrowd portfolio company.
Kando's AI-powered wastewater intelligence detects health hazards
In the arid Middle East every drop of water counts, making wastewater an important resource to recycle and use for irrigation and other purposes. But the public sewage systems are filled with potential hazards, from diseases to industrial contamination. Israeli startup Kando has created AI-powered technology that can monitor wastewater and issue alerts when a problem is detected, Noa Shapira reports in the Times of Israel. The company helped Israeli health officials track a dangerous polio outbreak and a salt contamination that could have adversely impacted the quality of treated water. Kando is also working with cities in Texas, California and Colorado in the US, and in Italy, France, Germany, the UK and Australia. OurCrowd is participating in Kando's current funding round.
OurCrowd picks travel partners for 2023 Summit
Two of Israel's leading travel companies are offering special rates and facilities for those attending the 2023 OurCrowd Global Investor Summit on Feb. 15th in Jerusalem. Expert advisers from Diesenhaus, the official Flight and Transportation Sponsor, will take care of your flight requests and visa requirements and create the best flight schedule to get you to Israel. For accommodation, Authentic Israel offers Summit attendees preferential rates at select Jerusalem and Tel Aviv hotels. For more travel information, click HERE or the button below. Our partners will also provide tips on nightlife, tours and other attractions during your stay in Israel next February. If you have not yet completed your Summit registration, click HERE.
Zoomcar announces SPAC, receives $10M investment
Our portfolio company Zoomcar, the world's largest emerging-market focused car-sharing platform, and Innovative International Acquisition Corp. (NASDAQ: IOAC), a publicly traded special purpose acquisition company, announced that they have entered into a definitive merger agreement that will result in Zoomcar becoming a publicly listed company. The transaction values the combined company at an implied pro forma enterprise value of approximately $456M. Upon closing, the company will be renamed Zoomcar Holdings, Inc. and expects to list its common stock on Nasdaq. In addition, and simultaneously with the execution of the merger agreement, Ananda Trust, an affiliate of Innovative International, has invested $10M in Zoomcar.
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