Israel’s Mindspace grabs $72 mn; Whatslly, three others get initial funding

 Israel’s Mindspace grabs $72 mn; Whatslly, three others get initial funding

Mindspace founders Dan Zakai (left) and Yotam Alroy. Image copyright: David Garb

Israeli coworking space provider Mindspace has raised $72 million in a funding round led by Harel Insurance Investments and Financial Services Ltd.

More Provident Funds and Arkin Holdings also joined the round, as did existing backers Yoav Harlap, Kobi Rogovin and Globalworth. Harel Insurance contributed $30 million in the round.

The company said the money will allow it to expand its services across Israel as well as to the US and Europe.

“This investment is an expression of confidence in the flexible workspace model, against the backdrop of Covid-19’s impact on the office market, and shows confidence in Mindspace’s experienced and professional management team,” said Sami Babkov, deputy CEO and CIO at Harel Insurance.

The startup was founded by chief executive officer Dan Zakai and chief of business development Yotam Alroy. It opened its first branch in Tel Aviv in May 2014, and had a first-mover advantage before WeWork entered Israel.

Mindspace today operates 32 branches in 17 cities in seven countries with total space of more than 100,000 square metres. In the past year alone, Mindspace opened branches in London, Tel Aviv, Philadelphia and a new hub and spoke location north of Tel Aviv, at Yakum.

Mindspace serves technology companies, financial companies and service providers. Its past and present customers include Microsoft, Samsung, Playtika, Taboola, Yahoo!, Expedia and GoPro.

Whatslly

Whatslly, an Israeli company that has developed a conversational sales program, has raised $11 million in a seed funding round led by Zeev Ventures.

The company said the new fuunding will help it grow customer engagement over instant messaging.

Whatslly was founded in late 2019 by Israeli tech entrepreneur Yanir Calisar and Brazilian entrepreneur Deborah Palacios Wanzo.

Zenity

Israeli cybersecurity platform Zenity has come out of stealth mode with a $5 million fundraise led by Vertex Ventures and UpWest.

Angel investors including Google executive Gerhard Eschelbeck, and former SuccessFactors CIO Tom Fisher also took part in the round.

The startup says it has developed a platform which allows companies to promote citizen development and adopt low-code/no-code platforms while avoiding critical data exfiltration or disruption to business continuity.

Autotalks

Autotalks, an Israeli vehicles-to-everything (V2X) communications solutions provider, has received $10 million in funding from Taiwanese electronics major Foxconn’s unit Foxconn Interconnect Technology.

Foxconn and Autotalks will join forces to accelerate V2X penetration across automotive and micro-mobility segments, leveraging Autotalks’ V2X technology and its recently launched ZooZ micro-mobility platform. The joint micro-mobility activity will start this year, and the automotive activity will start early next year.

Spectralics

Israeli optical and imaging startup Spectralics has raised $2 million in funding from Volvo Cars, which will make the investment via its venture capital investment arm, the Volvo Cars Tech Fund.

Spectralics creates state-of-the-art imaging and optical infrastructure spanning materials, hardware and software, enabling a wide variety of advanced optical capabilities.

“Spectralics is an exciting company with technology that holds truly great promise,” said Henrik Green, chief product officer at Volvo Cars. “By supporting their development, we can bring forward the potential their products could have in future Volvo cars.”

Spectralics is an alumnus of the MobilityXLab programme in Gothenburg, Sweden and is part of the DRIVE network in Tel Aviv. They are both accelerators for startups with ideas that can break new ground in the mobility sector. Volvo Cars has been a leading partner in both initiatives since 2017.

Aman Malik

The Capital Quest