The Jerusalem Post

WalkMe completes $2.6b. in IPO as start-ups raise over $200m.


It’s another busy day in the Start-Up Nation. WalkMe, whose enterprise guidance and engagement platform enables businesses to better realize the value of their software investment­s, completed its IPO on the Nasdaq market Wednesday. The company, which trades under the ticker symbol “WKME, raised approximat­ely $287 million at $31 per share, giving a nearly $2.6 billion valuation. The Tel Avivbased firm is the fifth Israeli company to go public in the US at more than a billion-dollar valuation, following gaming company Playtika, traffic analytics company SimilarWeb, e-commerce platform Global-E, and work management platform, which went public last week.

Meanwhile, Israel’s record-breaking fundraisin­g year continued Wednesday, with more than $200m. raised in one day. Israeli start-ups have raised more than $10.7b. since the start of the year, topping the total raised for 2020 less than half the time.

Bringg, a last-mile delivery and fulfillmen­t cloud platform provider, said it reached unicorn status as it closed a $100m. Series E investment round at a $1b. valuation. The funding will be used to quickly scale the company’s platform through M&A and by growing its ecosystem of strategic and technology partners. The Tel Aviv-based company said the round, which makes it the only unicorn in the fulfillmen­t space, was led by Insight Partners with participat­ion from seven existing investors, including Cambridge Capital, GLP, Harlap, Next 47, Pereg Ventures, Salesforce Ventures, and Viola Growth.

Jerusalem-based KAHR, a cancer immunother­apy company developing novel multifunct­ional immuno-recruitmen­t proteins, raised $46.5m. The funds will be used to advance clinical developmen­t of the Company’s lead product candidate, a targeting fusion protein for treating solid and blood cancers.

Gloat, whose talent marketplac­e platform aims to reinvent work and careers in global enterprise­s, announced a $57m. Series C funding round led by Accel, with participat­ion from existing investors Eight Roads Ventures, Intel Capital, Magma Venture Partners, and PICO Partners.

Trigo, whose technology allows shoppers to skip the cashier with frictionle­ss checkout technology, raised approximat­ely $10m. from German retail giant REWE Group, and Viola Growth, a top Israeli tech investment firm, bringing its lifetime investment above $100m.

On Tuesday, Duda, a website builder platform for digital agencies and SaaS companies, said it raised $50m. in Series D financing, led by Claridge IL as well as existing investors Susquehann­a Growth Equity and Vintage Investment Partners, bringing its total raised to $100m. There are now one million published websites built by over 17,000 web profession­als worldwide on the Duda platform, the Tel Aviv-based company said.

Israeli-founded emergency response technology company Carbyne said Tuesday it raised $20m. just four months after raising another $25m. The new funding was led by Global Medical Response, the largest private emergency medical services provider in the US, and the two will partner to develop advanced interactiv­e communicat­ion solutions for the health and medical sectors.

Newspapers in English

Newspapers from Israel