Average price tag of Israeli company sold in 2013 up 48%
The Israeli mergers and acquisitions scene was in full force in 2013. According to a report recently published by PwC, the average price tag of an Israeli startup acquired in 2013 stood at $90 million, which is 48% higher than 2012. In aggregate, Israeli M&A deals rose 5% year over year to $8.3 billion. To read Globes’s extensive analysis of PwC’s 2013 M&A report, click here.
OurCrowd In The News
OurCrowd’s Zack Miller’s article featured in Forbes
Control your home appliances with a wave of your hand
Have you ever found yourself sitting on the couch, feeling comfortable and relaxed, and suddenly you realize you left the TV remote on the kitchen table? Well, Israeli startup, PointGrab is working on a solution to that problem. By using motion and gesture recognition technology, PointGrab enables you to control any electrical device with a wave of your hand. To read more about this amazing technology, click here.
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Trending Israeli Entrepreneurs
One-on-One with Tomer Kagan, CEO of Quixey
Even though Tomer Kagan, CEO of Quixey, left Israel with his parents 30 years ago at the age of 4, he’s always been an Israeli at heart. Living in a very Israeli neighborhood and growing up speaking Hebrew at home, Tomer has emerged as a success story, leading Quixey, an extremely popular app search engine, to become one of the hottest startups in Silicon Valley. To read more about Tomer and Quixey and how his Israeliness played a key role in his success, click here.
Two Israelis listed in Forbes 30 Under 30 List
This year’s Forbes annual 30 Under 30 List, which names the top 30 young players in the business world today, has two representatives from the Startup Nation. The 2013 list includes Meron Gribetz, founder of Meta, which competes with Google Glass, and Amit Avner, co-founder of real-time social advertising platform, TayKey. To read more, click here.
Johnson & Johnson to open Med-Tech incubator in Israel
After major global players like Citi, eBay, Cisco and Google set up set up startup incubators in the Start-Up Nation, pharmaceutical giant, Johnson & Johnson now has formidable boots on the ground as well, after announcing last week the opening of a medical technology incubator in Rehovot, near the Weizmann Research Institute. To read more about J&J’s incubator plans, click here.
OurCrowd’s News Nuggets
New Fin-Tech accelerator opens its gates in Israel (Times of Israel)
Cyber defense startup, GurdiCore receives major investment (Al-Moniter)
Israeli startup, One Hour Translation, raises $10M (Reuters)
Improve your tennis skills with Israeli startup, PlaySight (Israel21C)
Facial expression comments on social media with Flik Flak (GeekTime)
