F2 Venture Capital Named the Most Active Venture Capital Fund in Israeli Tech
A new report by the Israeli venture capital authority IVC crowned F2 and Entrée Capital as the most active VC funds in Israeli tech in 2020 with 14 investments each. Despite the pandemic.
We are excited to be part of this incredible tech landscape and honored to have played a part in powering founders through such a challenging year.
Five Sigma Partners with Hippo Insurance to Fast-Track Claim Services
Hippo, the home insurance group that created a new standard of care and protection for homeowners, announced its partnership with Five Sigma which will dramatically increase its ability to process new claims faster and manage them end-to-end, while maintaining its high bar for customer care and convenience.
“Hippo’s unique approach of going beyond home insurance to establish a strong bond with the homeowner is raising the bar in the insurance industry,” commented Oded Barak, CEO at Five Sigma. “We are thrilled to partner with Hippo to fast-track their automation initiative in claim services."
Varada Wins ‘DataOps Platform of the Year’ in 2021 Data Breakthrough Awards
Varada, the data lake query acceleration innovator, was chosen as the winner of the “DataOps Platform of the Year” award in the 2021 Data Breakthrough Awards program conducted by Data Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global data technology market today.
“Varada’s unique approach and innovative technology solution delivers much needed relief to organizations facing myriad data challenges, helping them simplify data ops management and delivering more control over cost of query acceleration,” said Varada co-founder and CEO Eran Vanounou.
eToro Announces $10.4 Billion SPAC
Israeli trading platform EToro announced a SPAC merger at a valuation of $10.4 billion. The company, of which F2 Chairman Eddy Shalev was one of the first investors in 2007 and serves as a board member, pioneered the concept of social investing, opening a whole new world to inexperienced users by allowing them to replicate savvy investors’ trades in real time.
On top of this social interface, the company was a first mover in crypto-currency, pioneering Bitcoin trading in 2013. Together with the acceleration of retail investing and engagement during the pandemic, EToro is going public with massive tailwinds.
Voom Introduces Lemonade Insurance Model to Mobility Vertical
VOOM has set out to fill the gap that has been created between the current insurance infrastructure and the customer needs that come with new mobility options including drones, e-scooters, pay-as-you-drive and even small planes.
“Just like Lemonade is doing home insurance, or Next is doing small business insurance, VOOM is the Lemonade or Next for Mobility,” say’s Tomer Kashi, co-founder and CEO of VOOM.