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Straight from the Jerusalem Boardroom #223, October 27, 2017
1. Israeli start-ups raised a record $3.8BN in the first three quarters of 2017, $1.44BN of which was raised during the third quarter – 54% higher than the third quarter of 2016. The third quarter of 2017 was boosted by the $250MN raised by Israel’s Via Transportation (carpooling applications), mostly from Germany’s Daimler (Globes Business Daily, October 24, 2017). Daimler also led a $60MN round of private placement by Israel’s StoreDot, a developer of a sophisticated, swift technology (Flash Battery) to charge car batteries (Globes, Sept. 15). Israel’s BlueVine – online business lending operations – raised $130MN from the Silicon Valley Bank, Sun Trust Bank, Menlo Ventures, etc. (Globes, Oct. 24).