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Tech cos taking over Tel Aviv office market
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Israel Canada, BSR to develop three 60-floor Ramat Gan towers
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Gong raises $250m at $7.2b valuation
The business intelligence for salespeople company has achieved the highest ever valuation for an Israeli startup in a financing round.
Israeli business intelligence for salespeople company Gong has completed a $250 million Series E financing round led by Franklin Templeton and with the participation of existing investors including Coatue, Salesforce Ventures, Sequoia, Thrive Capital, and Tiger Global.
This brings to $584 million the total raised by Gong, which raised $200 million last August at a company valuation of $2.2 billion. Over the past 10 months, Gong s valuation has more than tripled to $7.2 billion, which as far as is known is the highest valuation ever achieved by an Israeli startup in a financing round.
Israeli gaming platform co Overwolf raises $52.5m
Overwolf has built a platform that allows third party developers to create expansions and additions to PC games.
Israeli gaming platform developer Overwolf has announced the completion of a $52.5 million Series C financing round co-led by Griffin Gaming partners and Insight Partners. Also participating in the financing round were gaming giant Ubisoft, Warner Music Group, Meg Whitman, Jibe Ventures, Kevin Chou, Intel Capital, Marker Fund and Liberty Media. The financing round was at a company valuation of $200 million and brings to $75 million the total amount raised by Overwolf.
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Overwolf has built a platform that allows third party developers to create expansions and additions to PC games. These expansions can for example allow players to record the progress of their game, track their improvement trends or organize tournaments between players. Overwolf operates a store that allows purchase of these expansions for
Hassan Arafa: Tel Aviv s new city within a city
13 high-rise buildings are planned for the district and the number is likely to grow.
In recent weeks, two big real estate deals worth hundreds of millions of shekels in the Hassan Arafa neighborhood in Tel Aviv have refocused attention on this developing area between Hamasger Street and Menachem Begin Road.
Ziv Yakobi, one of the three owners of Acro Real Estate, which was involved in the two latest deals, and many of the other deals in the district in recent years, said, If you look at Tel Aviv today you will see that there are new neighborhoods but there are no new districts of this size. In my eyes it’s a type of new city, both a business center and residential neighborhood, because of its scale and because of its location.
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