iAngels Weekly Deal Digest – June 16th, 2016

Tel Aviv may be a balmy 82 degrees, but the high-tech investment pace in Israel is on FIRE. With another $158mm invested in 12companies this past week, June has already seen $346mm in deployed capital, bringing the total private high-tech investment since May 1st to $1.03b. Let’s unpack this week a bit.

Seed Rounds

  • DeepSense, an industrial IoT predictive analytics company, raised $2mm led by AfterDox, with participation from JANVEST Capital Partners and SeedIL.
  • Armeron, a cybersecurity company deploying isolation technology to web applications, raised $2mm from Glilot Capital Partners.

Series A Rounds

  • Nuro, an enterprise-grade secure group messaging platform raised $2.6mm led by Erez Kreiner with participation from Evolution Equity.
  • Sixgill, a cybersecurity company monitoring and analyzing the Darknet to catch cyber criminals, raised $5mm led by Elron with participation from Terra Ventures.
  • Nanit, a company bringing computer vision to baby monitors, raised $6.6m led by Upfront Ventures with participation from RRE, Jacobs-Technion-Cornell Insitute, and AME Cloud Ventures.

Series B Rounds

  • Nexar, an iPhone dashcam application enhancing safety through machine vision and sensor fusion algorithms, raised $10.5mm led by Mosaic Ventures, with participation from Slow Ventures, Jumpgate Technologies, and Aleph.
  • Elastifile, a primary storage solution for next-generation data centers, extended its Series B round with a $15mm raise from Cisco Investments.
  • Talkspace, an network of therapists accessible through a web and mobile application, raised $15mm led Norwest Venture Partners, Metamorphic Ventures, Softbank Capital, Spark Capital, and First Time Fund.

Growth Rounds

  • Lumus, a company commercializing optical imaging technology for wearable displays, raised $15mm from Shanda and Crystal-Optech.
  • EyeView, a programmatic, fraud-free personalized video advertising company, raised $21.5mm led by Qumra Capital, with participation from Innovation Endeavors, Lightspeed Ventures, Marker, Gemini, and Nauta Capital.
  • YotPo, a company maximizing the business potential of user generated content, raised a $22mm party round from 13 investors, led by Bessemer, with participation from Blumberg, Rhodium, Innovation Endeavors, 2B Angels, and others.
  • Meta, a company commercializing AR glasses that enable users to create an alternate 3D world, raised a $50mm party round from 18 investors, led by Horizons Ventures with participation from YCombinator, Zappos, Comcast, Lenovo, Timothy Draper, Tencent, reddit co-founder Alexis Ohanian, and others.

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Max Marine
Max Marine is an iAngels Investment Analyst. Prior to iAngels, Max was a Junior Partner at Venture1st, providing marketing and communications support to Israeli start-ups. Max passed the three CFA exams consecutively, holds an MS in Investment Management, and a B.B.A. in Finance, Real Estate, and Risk Management and Insurance from Temple University’s Fox School of Business. Contact him at [email protected]