iAngels Israeli Deal Digest - February 2018

Welcome to the iAngels Monthly Deal Digest, a summary of movements in the Israeli startup market.

This February we tracked 25 announced deals totaling $326M, and 2 exits totaling $52.5M, including the acquisition of Ivy by houzz for a reported $35M.

The leading sectors this month were Cybersecurity, with 4 financing rounds (Perception Point, CyberX, Morphisec and Aperio), Fintech with 4 financing rounds (Nayax, Tipalti, Blender and Bond) and the mobility sector with Moovit, Anagog, and Otonomo raising a total of $63M.

Read on for the full scoop!

February 2018 Investment Highlights

Seed Rounds

Edgybees, a technology enabling augmented reality (AR) on high-speed platforms like drones and cars, has closed a $5.5M seed round from Motorola Solutions Venture Capital, and Verizon Ventures as well as OurCrowd, 8VC, NFX, and Aspect Ventures.
Aperio Systems, a company protecting critical infrastructure from physical infrastructure manipulation, has raised a $2.5M seed round from Energias de Portugal, one of Europe’s largest utilities, Data Point Capital, Jump Capital and Scopus Ventures.
PickSpace, a platform that aggregates co-working spaces, has raised $1M from Duby Frances, Sarona Ventures, and other investors.
Bond, a personal finance solution that helps users to control and navigate personal finance through actionable insights, has raised $0.4M through Exit Valley.

Series A Rounds

Nayax, a leading provider of cashless payment solutions for the vending machine sector has raised a $24.5M financing round from SafeCharge.
CommonSense Robotics, a company developing AI and robotic tech to help online grocery retailers speed up fulfillment and delivery, has raised $20M in a Series A financing round led by Playground Global, with participation from previous investors Aleph VC and Eric Schmidt’s Innovation Endeavors.
Honcker, a startup that acts as an aggregator and search engine for leasing services, has raised $15M from IAC, the media and marketplace giant behind services like Angie’s List and Tinder, as well as Daily Beast and Vimeo.
Tunity, a developer of an app that syncs TV programs and streams live audio to users’ smartphones, has raised a $12M financing round led by MGM with participation from existing investors such as WeWork Founder and CEO Adam Neumann and John Mack, former Morgan Stanley CEO.
MDClone, a developer of a system for preserving the privacy of medical information, while allowing any researcher to use it, has raised a $10M financing round from OrbiMed Advisors LLC and Lightspeed Ventures.
Perception Point, a developer of a CPU-level technology that intercepts advanced attacks at an early stage of execution, has raised an $8M financing round led by Pitango Venture Capital along with State of Mind Ventures and Korea Investment Partners.
GemmaCert, a cannabis analysis company allowing users to analyze cannabis and provides a reliable composition and potency readings, has raised a $2.25M financing round led by NEO Ventures, Stony Hill, and Arba Finance, combined with additional seed funding from Aggrinovation fund.

Series B Rounds

CyberX, a developer of continuous ICS threat monitoring and risk mitigation platform for industrial control systems, has raised $18M in a Series B funding round, led by Norwest Venture Partners, including previous investors Glilot Capital Partners, Flint Capital, ff Venture Capital, and OurCrowd.
Blender, a peer to peer lending platform, has raised $16M in capital and debt. The capital offering was led by Blumberg Capital, and the debt was raised from European Eiffel Investment Group.
Morphisec, a cybersecurity company developing Moving Target Defense for Endpoints, has raised $12M in a Series B round of funding from Orange Digital Ventures, the digital investment arm of Orange, as well as existing investors Jerusalem Venture Partners, GE, and Deutsche Telekom.
Perflow Medical, a medical device company that develops innovative tools for neurovascular interventions, has closed a $12M financing round from existing investors.
Anagog, a developer of a technology that monitors and analyzes mobility patterns using smartphone sensors, has raised $10M ina Series B financing round from the German auto manufacturer Daimler.
SMART Medical, a medical device company developing a novel add-on balloon device that assists visualization of the colonoscopy, has closed an $8M financing round led by Signet Healthcare Partners.
Saturas, a company developing an Advanced Decision Support System (ADSS) for automatic irrigation based on a stem-water potential (SWP) sensor, has closed a $4M financing round from Hubei Forbon Technology Co. Ltd., a leader in the field of fertilizer additives for agriculture in China and worldwide, Ramat Magshimim, a collective farm in Israel, and Miguel Torres Winery SA, one of the largest wineries in Spain.
Otonomo, a company that offers technology to monetize the data collected by cars, has closed a $3M investment from NTT Docomo Ventures Inc., the venture capital arm of the Japanese telecommunications company. This investment is in addition to a $25M B round raised by the company in April 2017.

Growth/Miscellaneous Rounds

Moovit, a public mobility platform, has closed a $50M financing round led by Intel Capital in order to leverage its crowdsourced transportation data into a service for local governments.
OrCam, a developer of Artificial vision device that helps blind and visually impaired people achieve increased independence, has raised $30.4M from Clal Insurance and Meitav Dash Investments Ltd., in exchange for a 3% stake in the company, valuing the company at over $1B. OrCam was co-founded by the founders of Mobileye, sold to Intel in 2017 for $15.3B.
Tipalti, a cloud-based payables automation platform that helps CFOs scale payable operations for rapid and global growth, has closed a $30M Series C financing round led by Zeev Ventures.
SQream, a database management platform, has closed a co-operation agreement with Alibaba Cloud, the cloud computing arm of China’s Alibaba Group. The company will receive an investment of up to $20M and will work together with Alibaba cloud to enable SQream’s GPU database as a cloud service offered to customers of Alibaba Cloud.
Totango, a company focused on the Enterprise to Customer (E2C) solutions, has closed a $9M financing round from existing investors BGV, Canvas, Pitango, and Interwest, as well as new investor Grayhawk Capital.
CartiHeal, a developer of an implant for treating osteoarthritic knees, has raised additional $2.5M investment from Bioventus, a global orthobiologics company.

M&A and IPOs

IvyMark, which offers a set of business management tools and a community platform for interior designers, was acquired by Houzz, (which is now valued at $4 billion), where users plan and find people to complete home design projects, for a reported $35M. Houzz has stated that it has made the acquisition in order to expand its tools for interior designers, which are one of its most important groups of customers.
Motus GI Holdings, which is developing a medical device to assist with intra-procedural colonoscopy cleaning, has raised $18M through an IPO representing a market value of $79M.

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Best,
Avi