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Israeli precision medicine co DayTwo raises $37m

Israeli precision medicine co DayTwo raises $37m DayTwo uses AI, the sequencing of the gut microbiome and other clinical measures to create precision nutrition-based food prescriptions to balance blood sugar levels after meals. Israeli precision medicine company DayTwo has raised $37 million to continue development of technologies and solutions designed to improve the health of people with diabetes and other metabolic diseases. DayTwo’s existing investors participated in this latest financing round including aMoon of Marius Nacht and Dr. Yair Schindel, 10D of Yahal Zilka, and Cathay Innovation Ventures. They were joined by new investors, including Poalim Capital Markets, La’maison Fund and Micron Ventures. This round brings the total amount invested in DayTwo to $85 million.

Fintech firm Pagaya said seeking SPAC merger at $8 billion valuation

Offices of Pagaya in Tel Aviv (YouTube screenshot) Israeli fintech firm Pagaya Investments, a maker of data-driven investment software, is seeking to list shares on Wall Street via a merger with a special purpose acquisition company (SPAC) at a $8 billion valuation, Calcalist reported on Thursday. The company is in parallel examining a possible initial public offering of shares, the financial website said, without saying from where it got the information. Pagaya is in talks with several SPACs regarding a merger, led by investment bank JP Morgan. The board of directors of the fintech firm has yet to make a final decision on the matter, but is expected to make one soon, Calcalist said.

Noy Fund and Nofar Energy enter Italy's Energy Market | Comunicados | Edición América

FinTLV closes its second, $120 million Global InsurTech-FinTech fund

Clal Insurance invests $35 million in FinTLV's second fintech fund

FinTLV Ventures, managed by Gil Arazi, Avishai Silvershatz, Gilbert Ohana, and Mark Chess, has started a second investment fund for startups in the fintech and insurtech sectors, and is currently raising $120 million, half of which from Israeli institutions and the other half from overseas investors. Clal Insurance Enterprises Holdings Ltd. has invested $35 million in the new fund and led the round alongside Psagot Investment House and Poalim Capital Markets, who together raised $20 million, where Psagot is expected to increase its investment.  In doing so, Clal is doubling down on its investment in FinTLV, having only seven months ago invested $30 million as part of a $150 million funding round for digital insurtech Israeli startup Hippo - a round that led Hippo to a valuation of $1.5 billion. Psagot and Poalim also participated in that round, and together raised $30 million, alongside Clal.