HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD

(HARL)
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Delayed TEL AVIV STOCK EXCHANGE  -  09:44 2022-08-09 am EDT
3707.00 ILa   +1.01%
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Sunbit, Inc. announced that it has received $130 million in funding from Group 11, Zeev Ventures, LLC, Harel Insurance Investments & Financial Services Ltd, AltaIR Capital, More Investment House Ltd., Migdal Insurance and Financial Holdings Ltd. and other investors

05/20/2021 EDT

Sunbit, Inc. announced that it has received $130,000,000 in a round of funding led by existing investor Group 11 on May 20, 2021. The transaction also included participation from existing investor Zeev Ventures, LLC, new investors Migdal Insurance and Financial Holdings Ltd. (TASE:MGDL), Harel Insurance Investments & Financial Services Ltd (TASE:HARL), AltaIR Capital, and More Investment House Ltd. The round was raised at post-money valuation of $1.1 billion. Guy Fischer of Next Generation Finance joined company's board as observer. The company received $87,799,673 pursuant to regulation D from 24 investors in the transaction.


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Financials ()
Sales 2021 27 136 M - -
Net income 2021 1 209 M - -
Net cash 2021 487 M - -
P/E ratio 2021 6,26x
Yield 2021 5,31%
Capitalization 7 813 M 2 361 M -
EV / Sales 2020 0,32x
EV / Sales 2021 0,26x
Nbr of Employees 4 940
Free-Float 50,3%
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Managers and Directors
Michel Siboni Chief Executive Officer
Arie Yaakov Peretz Chief Financial Officer
Yair Hamburger Chairman
Naim Najjar Independent External Director
Hava Friedman Shapira Independent External Director
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