Israel’s Beti bags $11 mn in growth round; Torr FoodTech grabs $12 mn

 Israel’s Beti bags $11 mn in growth round; Torr FoodTech grabs $12 mn

Israeli construction-tech startup Beti has raised $11 million in a growth funding round led by investment firm PSG, with participation from 97212 Ventures.

Beti is essentially a cloud-based construction site management software specializing in safety, labor management, and quality assurance solutions.

Beti was founded in 2018 by chief executive officer Omer Slavin and chief product officer Shir Mautner. Both the co-founders were former Israeli military officers, as is the company’s chief technology officer Dekel Schwarzmannm.

Before this funding round, Beti had been bootstrapped.

The company has offices both in Israel as well as in the US and employs 40 people across both locations.

After New York, the startup now wants to begin operations in other US cities like Philadelphia and Miami as well as in New Jersey and in Connecticut.

Torr FoodTech

Israeli startup Torr FoodTech has raised $12 million in a Series A round led by Harel Insurance Investment and Financial Services.

Harel Insurance was joined in the round by Mondelēz International, The Kitchen Hub, and Strauss Group, all of whom are the company’s existing investors.

Torr was borne off The Kitchen Hub, which is the Strauss Group’s foodtech incubator.

The food tech startup was founded by a bunch of food scientists and culinary experts- Gil De Picciotto, Yoel Benesh, and they were joined by Roy Naaman, CPG industry veteran, who is the company’s CEO.

Aman Malik

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