Israel’s most active venture investor partners with Europe’s leading
Internet-focused corporate finance boutique
JERUSALEM & LUCERNE, Switzerland–(BUSINESS WIRE)–OurCrowd,
a leading global investment platform and Israel’s most active venture
investor, has announced a new strategic relationship with NOAH
Advisors, a leading European corporate finance boutique and
organizer of the NOAH Conferences. NOAH Advisors will support OurCrowd
in expanding its European deal flow into top European startups, in
countries such as Germany, Switzerland, and the UK. As part of the
partnership, NOAH Advisors’ network of Family Offices, senior
executives, tech investors, and startups will gain access to OurCrowd’s
top investment opportunities. NOAH Advisors and selected clients will
gain ‘VIP’ access to OurCrowd’s annual Global Investment Summit
(February 11th – 13th, 2020) in Jerusalem.
This partnership will launch at the NOAH Conference in Berlin (June 13th
– 14th, 2019), which will feature selected OurCrowd portfolio
companies, the principals of which will have the opportunity to showcase
and expand business development relationships in Europe. OurCrowd
Management will be speaking at NOAH Berlin, NOAH London (October 30th
– 31st, 2019), and the newly announced NOAH Zurich (September
22nd – 23rd, 2020), which will be followed by the
first Family Office Day (September 24th), co-hosted with the
Family Office Circle (FOC). The Zurich conference is an invite-only
event designed to connect international investors and Family Offices
with Swiss startups and global success stories.
OurCrowd CEO Jon Medved said, “Europe is practically next door, with
many Israeli startups choosing to focus on this market. We are excited
to partner with NOAH in growing OurCrowd’s European activity both in
terms of high-quality investors and impressive deal flow. There are
amazing innovations being developed in Europe now, and now is the time
to bring Israel and Europe closer, collaborating on new ideas and
NOAH Advisors founder and CEO Marco Rodzynek said, ”The partnership with
OurCrowd allows NOAH to offer fantastic new investment products to our
network. Family Offices and high net-worth individuals, who are
increasingly interested in growth investments, get directly exposed to
the best companies in Israel and globally. Moreover, OurCrowd opens up a
new pool of capital to the best European growth companies.”
About OurCrowd: OurCrowd is the leading global equity
crowdfunding platform for accredited investors. Managed by a team of
seasoned investment professionals and led by serial entrepreneur Jon
Medved, OurCrowd vets and selects companies, invests its own capital,
and invites its accredited membership of investors and institutional
partners to invest alongside in these opportunities. OurCrowd provides
support to its portfolio companies, assigns industry experts as mentors,
and creates growth opportunities through its network of strategic
multinational partnerships. The OurCrowd community consists of almost
30,000 registered investors from over 180 countries. Rated “the most
active venture investor in Israel” by Pitchbook, OurCrowd has $1B in
commitments and has made investments in 170 companies and 18 funds.
OurCrowd already has 34 exits to date. OurCrowd exits include: Beyond
Meat (NASDAQ: BYND), Jump Bikes (sold to Uber, NYSE: UBER), Magisto
(sold to Vimeo), Briefcam (sold to Canon), Argus (sold to Continental),
Crosswise (sold to Oracle) and Replay (sold to Intel). To join OurCrowd
as an accredited investor, visit ourcrowd.com.
About OurCrowd Events:
OurCrowd’s annual Global Investor Summit is Israel’s most important
event in the tech ecosystem and is attended by thousands of investors
from around the world, hundreds of multinationals, and entrepreneurs.
Held at the International Convention Center in Jerusalem, the 2019 event
boasted 18,000 registrations from over 180 countries across the world,
including tech entrepreneurs, government officials, and representatives
from some 400 multinationals. The Summit anchors a week of events and
activities in Israel that provide a unique insider’s look at the
innovation ecosystem, including tech events, workshops, VC forums, CEO
interchanges, press tours, and legendary parties. To apply for a ticket
to the 2020 OurCrowd Summit, visit http://summit.ourcrowd.com/apply-for-summit-2020.
About NOAH Advisors: NOAH Advisors is a leading pan-European
corporate finance boutique focused on mature digital and fast-growing
companies. The team advises on carefully selected M&A transactions and
major capital raisings starting at €50million. NOAH combines bulge
bracket investment banking skills (its partners came out of Lehman
Brothers London), an unparalleled access to strategic and financial
investors around the globe and unique Internet industry insight. NOAH is
independent and provides honest and unbiased advice. Since its
foundation 2009, NOAH has completed 25 transactions, including an
undisclosed investment in 10Bis from TA Associates in May 2016, the
$800m sale of Fotolia to Adobe in December 2014, the €80m sale of Trovit
to Next Co. in October 2014, the sale of Facile.it to Oakley Capital in
September 2014, the $230m sale of Yad2 to Axel Springer in May 2014 and
the sale of a 30% stake in Softonic to Partners Group in February 2013.
About NOAH Conference: NOAH is Europe’s premier growth conference
for leaders in the European digital ecosystem. The highly curated NOAH
events are significant for their unparalleled networking experience.
NOAH attendees mainly include senior executives (70%) and world class
investors (20%). On stage, industry leaders present their businesses and
how they are changing their industries. NOAH has hosted over 70 digital
unicorns on stage in recent years, more than any other conference. Each
event also features a selection of Europe’s most promising start-ups.
Since 2009, NOAH has hosted 15 conferences in Berlin, London and Tel
Aviv. In 2018, Over 6,000 attendees attended NOAH Conferences in Tel
Aviv, Berlin and London.
Marking NOAH’s 10th year, its flagship Berlin conference is
moving to a new venue, STATION-Berlin, to accommodate the growing event.
It will feature 400 speakers segmented across 10 major
verticals; FinTech & InsurTech, Ecommerce, Marketplace & Classifieds,
B2B Saas, Mobility & Travel of the Future, Industrial Digitization,
Digital Health, Revolutionary Consumer Products, EduTech, Cognitive
Computing and Blockchain-Powered Businesses. A Launchpad Stage
will feature elevator pitches by over 80 of the most promising,
hand-picked startups. Beginning in 2020, NOAH will be adding a Zurich
conference, an invite-only event designed to connect international
investors and family offices with Swiss startups and global success
stories and featuring a mainstage speaker lineup consisting exclusively
of corporate and startup CEOs. A selection of Swiss, European and
Israeli startups with near-term capital needs will be matched with
high-level corporates and investors from Family Offices and funds. For
more information, please refer to:
For Press Materials: https://blog.ourcrowd.com/noahadvisors/
OurCrowd press contact: Leah Stern, OurCrowd Dir. Of
Communications / UK: +44 747-0196826 / E: email@example.com
press contact: Maike Schöffel, Account Manager at Piabo / DE: +49 30
25762050 / E: firstname.lastname@example.org
IMCC Appoints Yaron Berger as CEO of IMC Holdings
IM Cannabis Corp. (the “Company” or “IMCC”) (CSE: IMCC), one of the world’s pioneering medical cannabis companies with operations across Europe, is pleased to announce the appointment of Yaron Berger as Chief Executive Officer of I.M.C. Holdings Ltd. (“IMC“), the Company’s wholly-owned operating subsidiary in Israel. Oren Shuster will remain the Chief Executive Officer of IM Cannabis Corp.
Mr. Berger brings more than 10 years of experience in various senior roles both in public and private sectors, leading large-scale operations. Most recently, Mr. Berger was the Chief Executive Officer of Telepharma Ltd. (“Telepharma,” doing business as epharma), a leading wholesaler, direct marketer of prescription drugs and chain of pharmacies in Israel. At Telepharma, among other accomplishments, Mr. Berger re-branded its digital platform and transformed the customer experience. As an early entrant into the medical cannabis sector, Mr. Berger also established Greenpharma under Telepharma, a full-service distributor, patient counselling service provider and online resource for medical cannabis patients in Israel. Prior to his experience in the pharmaceutical sector, Mr. Berger served as the Chief Operating Officer of the National Police Academy and spent over 20 years in the Israeli Air Force, most recently as a Lieutenant Colonel.
Oren Shuster, Chief Executive Officer of IMCC said “Yaron is uniquely qualified to lead our Israeli operations under the new medical cannabis regulatory regime, which requires a high level of engagement and education for the country’s pharmacists on the benefits of medical cannabis. Yaron was an early mover in identifying the opportunity in medical cannabis and we are very excited to benefit from his expertise in the pharmacy channel to maintain IMC’s status as a leading medical cannabis brand in Israel.”
“I am thrilled to be joining the IMC team, who I have known as a leader in the medical cannabis market in Israel over the past ten years,” said Mr. Berger. “The IMC brand is synonymous with quality and innovation. The new medical cannabis reform in Israel presents a significant opportunity for the Company and the IMC brand to further elevate its market position as the preferred medical cannabis brand for physicians, pharmacists and patients.”
SOURCE IM Cannabis Corp.
LCBO’s bottom line proves privatized alcohol sales a bad idea: OPSEU’s Thomas
The LCBO’s latest profits show the Crown corporation’s value to the people of Ontario, OPSEU President Warren (Smokey) Thomas said Friday.
In its 2018/2019 annual report released Thursday, the LCBO is reporting earnings of $2.37 billion on total revenue of $6.39 billion.
Thomas said those profits go to the provincial government and pay for vital public services like health, education and highways.
“This is why the Ford government should rethink allowing corner stores and grocery stores to sell more alcohol,” said Thomas. “Is saving folks a 10 minute drive in some cases worth jeopardizing their health care?”
OPSEU represents LCBO workers and Thomas says these frontline professionals deserve the credit for the corporation’s continued success.
“The reason the LCBO is the gold standard in selling alcohol responsibly is because of OPSEU members who make sure alcohol isn’t sold to minors or intoxicated people,” said Thomas.
“They also provide customer service that is second to none and they’re the ones who have made the LCBO a success story.”
As he read the LCBO report, OPSEU First Vice-President/Treasurer Eduardo (Eddy) Almeida reflected on the Ford government’s decision to take the sale of legalized cannabis away from the Crown Corporation.
“Think of what the LCBO’s profits would have been if Premier Ford hadn’t scrapped the plan of the former Liberal government?” said Almeida. “I’ve put together a lot of budgets and I know how tough an exercise it is.”
“It still makes me shake my head that a government that claimed it had catastrophic financial problems would turn down massive amounts of revenue and go on the misguided course that the Conservatives took. Really? Wow.”
Almeida says municipalities who voted to opt out of Doug Ford’s foolish cannabis privatization plan should stand firm and demand a responsible plan.
“The LCBO continues to prove it’s the best option to keep controlled substances out of the hands of minors,” said Almeida. “Municipalities and Ontarians in general should continue to demand a responsible plan and just say no to Doug’s. After all, a little competition wouldn’t be a bad thing would it?”
SOURCE Ontario Public Service Employees Union (OPSEU)
Base Oil Market Worth $39.6 Billion by 2024 – Exclusive Report by MarketsandMarkets™
According to the new market research report “Base Oil Market by Group (Group I, Group II, Group III, Group IV, Group V), Application (Automotive Oil, Industrial Oil, Hydraulic Oil, Grease, Metalworking Fluid), Region (North America, Europe, Asia Pacific, South America, MEA) – Global Forecast to 2024″, published by MarketsandMarkets™, the Base Oil Market is projected to grow from USD 33.7 billion in 2019 to USD 39.6 billion by 2024, at a CAGR of 3.3% from 2019 to 2024. The growing demand for high-grade oils in the automotive industry, as well as the increasing GDP in Asia Pacific driven by increasing industrial activities are key factors fuelling the growth of the base oil market across the globe.
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Group II segment to lead the base oil industry from 2019 to 2024
Based on group, the base oil market has been segmented into Group I, Group II, Group III, Group IV, and Group V. The Group II segment accounted for the major share of the market in 2018. Group II base oil can be employed in a multitude of applications, such as marine and gas engines, in trunk piston engine oils, and other applications in the base oil industry. The high consumption of Group II base oil is mainly attributed to its higher performance and affordability in comparison to the other groups of base oil. Thus, the Group II segment is likely to lead the market during the forecast period.
Automotive oil application segment to lead the base oil market during the forecast period
Based on application, the automotive oil segment led the base oil industry in 2018. This segment is also expected to witness significant growth during the forecast period owing to the rise of the automotive sector in developing countries, such as India and China. Population growth in the Asia Pacific region is increasing the demand for automobiles, which is, in turn, driving the market for automotive oils.
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Asia Pacific base oil market projected to witness the highest CAGR
Among regions, the Asia Pacific base oil market is projected to register the highest CAGR from 2019 to 2024. India, China, Indonesia, and Japan are key countries contributing to the increased demand for lubricants, and in effect base oil, in this region. Increasing GDP led by the rising industrial activities in Asia Pacific has increased the demand for base oil in the region. The growth of transportation, power generation, mining, and other sectors is also responsible for the rise in demand for base oil in the Asia Pacific region.
Chevron Corporation (US), Exxon Mobil Corporation (US), S-OIL Corporation (South Korea), Motiva Enterprises LLC (US), SK innovation Co., Ltd. (South Korea), Royal Dutch Shell plc (Netherlands), Neste Oyj (Finland), AVISTA OIL AG (Germany), Nynas AB (Sweden), Repsol S.A. (Spain), Ergon, Inc. (US), Calumet Specialty Products Partners, L.P. (US), H&R Group (Germany), Sinopec Corp. (China), PetroChina Company Limited (China), Saudi Aramco (Saudi Arabia), Abu Dhabi National Oil Company (ADNOC) (UAE), PT Pertamina (Persero) (Indonesia), Phillips 66 (US), Petroliam Nasional Berhad (PETRONAS) (Malaysia), GRUPA LOTOS S.A. (Poland), Sepahan Oil (Iran), GS Caltex Corporation (South Korea), and Hindustan Petroleum Corporation Limited or HPCL (India) are some of the leading players operating in the Base Oil Market. These players have adopted the strategies of agreements, expansions, new product launches, acquisitions, collaborations, contracts, investments, and divestments to enhance their position in the market.
- Process Oil Market
- Rubber Process Oil Market
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Industrial Lubricants Market by Base oil (Mineral Oil, Synthetic Oil, Bio-based Oil), Product Type (Hydraulic Fluid, Metalworking Fluid), End-use Industry (Construction, Metal & Mining, Power Generation, Food Processing), Region – Global Forecast to 2024
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