Thursday, November 3, 2016

TechNation: Israel-China Catalyst Fund Leads $25m Investment in SatixFy

OurCrowd unveils new fund focusing on digital health; Automobile startup Otonomo raises $12 million to connect cars to apps.

Eliran Rubin

HAREETZ - Nov 03, 2016

Catalyst CEL Fund said on Tuesday it is leading a $25 million investment round in SatixFy Ltd, an Israeli provider of satellite communication technology.The investment round will be completed by the end of the year, Catalyst said. By designing its own silicon chips, SatixFy’s technology reduces the cost, size, weight and power consumption of user-terminals, and cost of air-time for satellite communications. The Catalyst CEL Fund, jointly managed by Israel’s Catalyst and China Everbright Ltd, primarily invests in mid-to-late stage companies whose growth strategy is oriented towards emerging markets with a special focus on China. (Reuters)  OurCrowd unveils new fund focusing on digital health  Jerusalem-based fundraising platform OurCrowd announced Tuesday that it had finished its first closing of a new fund named Qure, which will focus on digital healthcare.