iAngels June Deal Digest – Monthly Wrap Up

Although this week was relatively quiet,  June was a banner month for Israeli high-tech, with $530mm and $768mm in announced investments and acquisitions. Let’s dive right in!

This week:
  • Omeq Medical, a medical device system targeting epidural injection complications, raised $1mm from private investors.
  • Folloze, a content creation platform  for sellers and marketers, raised $1.4mm from Cervin Ventures, NEA, and TriplePoint Ventures.
  • Medi-Tate, a medical device company treating urethra and prostate disease, raised $4mm from private investors.
  • ViDac Pharma, a drug discovery company focused on cancer treatment, raised $9mm led by Israel Biotech Fund, with participation from private angels.
In June we saw Social Media and Advertising Technology, Enterprise Solutions, and Security and Safety Technologies account for 59% of total funding.

June 2016 Sectors

Growth stage and seed stage each accounted for 13 deals, while Series A & B tallied 7 deals a piece.

June 2016 Stage

June also saw heavy acquisition activity, with ten companies acquired (discussed below).
  • Maglan, a company developing offensive cyber simulation, vulnerability countermeasures, cyber forensics and malware defenses with a focus on threat intelligence, was acquired by Accenture, a leading global professional services company, for an undisclosed sum. 
  • Binpress, a marketplace for commercial and open-source projects, was sold for $1mm to CodersClan, a marketplace for atomic code tasks
  • Alvarian, a wireless infrastructure provider, was sold for $2mm to Supercom, a global leader of traditional and digital identity solutions.
  • Bio Clean Air, offers advanced solutions to polluted air and odors treatment, was sold for $3.6mm to GES, a global leader in design, construction, and operation for industrial water treatment.
  • Funtactix, an online game developer/publisher, was sold for $10mm to Playtech, a leading software provider for online gaming operators.
  • SteamRail, a video delivery platform for publishers, was sold for $15mm to Ironsource, a platform for software discovery, distribution, delivery, and monetization.
  • ETView, a high-resolution video imaging system for medical professionals, was sold for $16mm to Ambu, a Danish company that develops, products, and markets diagnostic and life-supporting equipment to hospitals and rescue services.
  • Optitex, a provider of 2D and 3D CAD/CAM and virtual prototyping solutions, was sold for $52.8mm to EFI, a digital imaging and print management solution for commercial and enterprise printing.
  • Cloudlock, the leading Cloud Access Security Broker and Cybersecurity-as-a-Service provider, was sold for $293mm to Cisco, a worldwide leader in networking for the internet.
  • MIS Implant, a global leader in developing and producing advanced solutions for implant dentistry, was sold for $375mm to Dentsply Sirona,  the world’s largest manufacturer of professional dental products and technologies. 

On behalf of everyone at iAngels, I’d like to thank you for tuning into our weekly deal digest. Feel free to browse June’s deals with more granularity by clicking any of the links below.

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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]