Israel's Richest Woman Commits to Foodtech Investments, Israel
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Israeli billionaire Shari Arison has sold two of her companies for a total of over $300 million in the past month, leaving her with just one soon-to-be-sold Israeli business
Bank Hapoalim has been under investigation by the U.S. Department of Justice since 2011, for allegedly helping American clients evade taxes. Shikun and Binui have been under investigation by Israeli police since 2018 for suspicions of bribes paid to government officials in Kenya with regard to construction projects in the country, and falsification of business records.
Food production needs to change, Arison explained her commitment to the domain. According to market research company Pitchbook, $5.85 billion were invested globally in food tech startups in 2018, up from $3.3 billion in 2017. Around 300 startups active in the domain operate in Israel, according to Tel Aviv- based non-profit organization and database Start-Up Nation Central.
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