Accelmed seeks to raise $100 million for fourth health tech fund
JERUSALEM (Reuters) – Accelmed, a U.S.-Israel group of funds investing in medical device and digital health companies, said on Monday it was establishing a new fund with the aim of raising and managing $100 million. The Accelmed Ventures II fund will invest in Israeli and global pre-revenue health tech startups. Vincent Tchenguiz, a British businessman born in Iran, has committed to invest $15 million in the fund.
News National Bank of Israel to hold key rate next week, possibly cut in November: Reuters poll Thursday, October 03, 2019 6:03 a.m. CDT By Steven ScheerJERUSALEM (Reuters) - Israel's central bank is expected to leave short-term interest rates unchanged next week but analysts believe a rate reduction remains possible this year as long as inflation stays very low.
Israel's annual inflation rate dips to 0.3% in Sept from 0.6% in Aug (It was 1.5% in May). This is going to put a lot of pressure on the Bank of Israel to cut interest rates by year-end. The bank's latest forecast had a possible 15 bp cut in 2020 from a current rate of 0.25%