JTA NEWS
19 November 2017 - 2 Kislev 5778 - ב' כסלו ה' אלפים תשע"ח
JTA NEWS :
Business
MizMaa Ventures to invest in Israel E-mail

A new venture capital fund originating in China will invest US$100 million in Israel, according to Globes newspaper. The new fund is called MizMaa Ventures – a combination of the Hebrew words for east and west. The fund began operating a year ago, and has so far operated under the radar. All the money it raises is designated for investment in local startups.

MizMaa has obtained funding from three wealthy Chinese families, with most of the money coming from the Chen family, believed to be the 58th-wealthiest family in the world. In the next stage, MizMaa will try to raise US$150 million for another fund.

MizMaa’s Israeli portfolio includes cyber security companies Armeron and Coronet; Twiggle, a search engine for shopping websites, and Corephotonics, which deals in optics. The fund is expected to announce two more investments soon, one of them in fintech.

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IAI to set up academy for Chinese aviation technicians E-mail

Israel Aerospace Industries (IAI) announced recently that is expanding its civilian activities and is establishing, for the first time in its history, an academy for technical aviation professions in China.

IAI has signed a US$10 million contract with the city of Shantou in Guangdong Province to build a training centre where Israeli teams will teach the Chinese to maintain passenger aircraft.

The contract was signed as part of a conference for business co-operation between Israel and Guangdong Province. IAI also signed an agreement with Gwangju Port in the province to build a robot that will increase the efficiency of container storage.

“This is an important breakthrough in light of the accelerated development of China’s civil aviation,” said Gadi Cohen, Vice President and Director of Civil Society at IAI.

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Water-technology companies exhibit at Thai Water Expo E-mail

Leading Israeli water-technology companies exhibited in the Israel National Pavilion booth at the Thai Water Expo 2017 in Bangkok from 7 to 10 June.

Since its establishment in 1948, Israel has faced decades of water shortages, and has gained significant experience in developing unique solutions in intelligent water resource management, irrigation and desalination. Israel is now recognised as a world leader in these spheres.

The Israel National Pavilion at the Thai Water Expo showcased Israeli water-technology solutions and innovation, tailored especially for Thailand. The exhibition and conference included a wide range of seminars and events about such topics as water resource management, wastewater treatment and management, sewerage, irrigation and natural treatment systems. One of the seminars was titled “Treating, Managing and Creating Water – Israeli Innovative Solutions”.

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OurCrowd-India collaboration deal E-mail

Israeli equity crowdsourcing fund OurCrowd signed a strategic collaboration agreement with Indian wealth management company Reliance Private Client.

The agreement will allow Indian investors to access overseas venture capital funds on the OurCrowd platform and to invest in Israel’s dynamic startup ecosystem.

Under the terms of the deal, Reliance Private Client will offer its accredited clientele access to OurCrowd’s startup investment products and fund offerings. Indian investors will have the opportunity to invest via the platform in OurCrowd’s broad range of offerings, including OurCrowd Qure: Israel’s First Digital Health Fund and the OC50 Portfolio Index fund.

OurCrowd CEO Jon Medved said: “Historically, the greatest challenge for global investors has been access to highquality global alternate asset class investment opportunities, especially into early and growth stage companies based out of mature startup ecosystems such as Israel and Silicon Valley.”

He added: “This new deal structure will provide Indian investors access to quality VC deals through a trusted partner such as Reliance Private Client.”

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Israeli audio content platform attracts Japanese investment E-mail

In June, Israeli AI-powered (Artificial Intelligence–powered) audio content platform Audioburst announced the launch of its cross-platform API (Application Programme Interface), along with the completion of a US$6.7 million Series A financing round.

The round was led by Advanced Media Inc., a speech recognition technology company in Japan, with participation from additional investors, including Flint Capital, 2BAngels and the Mobileye consortium of investors.

Audioburst aims to change the way people consume audio content in a connected world by automating the process of indexing, organising and discovering audio segments in real time. Audioburst listens to millions of minutes of live and pre-recorded audio content each day, transforming it into searchable bursts wrapped with rich metadata.

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