iAngels Israeli Deal Digest – December 2019

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

This December we tracked 34 announced deals totaling approximately $974m, and 5 exits totaling $2.48bn

E-commerce and semiconductors were the leading sectors this month. Vroom, an online dealer of used cars, raised $254 Million led by Durable Capital Partners with the participation of AutoNation, Detroit Venture Partners, FMC Capital, General Catalyst, L Catterton, PICO Partners and T. Rowe Price. Vayyar, a company that develops 4D imaging sensors, raised $109 Million co-led by KdTVC and Regal with further participation of Amiti Ventures, Battery Ventures, Bessemer, ClalTech, Glory Ventures, ICV, ITI, WRVI and private investors. 

On the M&A side, two large acquisitions were made in the fields of enterprise software and MedTech. Habana, a company that develops AI processors for deep learning processing, was acquired by Intel for $2 Billion. Further, 6over6, a company that develops applications to serve as DIY optometry tools, was acquired by 1-800 Contacts for $105 Million.

December 2019 Investment Highlights

Seed Rounds

  • Vocalis Health, a vocal biomarker company that leverages AI-based voice analysis to monitor health, raised $9 Million in a seed financing round from aMoon Velocity.
  • NanoGhosts, a company that turns stem cells into a drug delivery system that targets cancerous tumors, raised $5 Million from aMoon Velocity and private investors. 
  • Whizar, a company that uses AI to help online travel agencies collect money, raised $2.7 Million in a seed round led by ANNA and with the participation of Talma Travel and private investors.  
  • My-Bis, an iAngels portfolio company that produces personalized functional food, raised $1 Million in a seed round led by iAngels with the participation of TAU Ventures and other private investors.

A Rounds

  • Panorays, a cybersecurity company that provides automated third-party security management services, closed $15 Million in a series A financing round led by Oak HC/FT Partners with the participation of Aleph, Elevator Ventures and other private investors. 
  • Sproutt, a company that provides a life insurance comparison platform, received $12 Million in series A financing from GIS Strategic Ventures, Moneta Capital and State of Mind Ventures. 
  • Coralogix, a company that turns cluttered log data into a meaningful set of templates and flows, raised $10 Million in a series A financing round led by Aleph with the participation of 2B Angels, Janvest, StageOne, and Taya Ventures. 
  • Rezilion, a company that provides a cloud security solution for workload protection, raised $8 Million in a series A financing round led by JVP Cyber Labs and with the participation of Kindred Capital, LocalGlobe, Samsung Next and other private investors. 
  • Satori Cyber, a company that provides data-flow visibility with transparent, secure and compliant data access across all data stores, closed $5.25 Million in a series A financing round from YL Ventures and other private investors. 
  • Copilot, a company that enables consumer electronics companies to foster one-to-one connections with their end-users, received $5 Million in series A financing led by JVP and other private investors. 
  • LitiGate, a company that develops a claim analysis solution for litigators’ daily work, raised $3.5 Million in a series A round led by Brighteye Ventures with the participation of Firstime and Rhodium.
  • Ettorney, an online platform for legal services, closed $1 Million in series A financing from AltalR capital and private investors.  

    B Rounds

    • Gloat, an AI-powered internal talent marketplace, closed $25 Million in a series B financing round led by Eight Roads and with the participation of Communitas, Intel, Magma, Pico Partners and WElborn Ventures.  
    • Raziel Therapeutics, a company that develops a proprietary drug for the treatment of local fat reduction, received $22 Million in series B financing led by Pontifax with the participation of Catalyst CEL, Docor, Peregrine, Pontifax, Quark and other private investors. 
    • Cymulate, a company that provides a cloud-based cyber-attack simulation solution, raised $15 Million in a series B financing round from Dell Capital, Susquehanna, Vertex and a private investor. 
    • Metabomed, a drug discovery company in the field of cancer metabolism, raised $12.5 Million in a series B financing round led by Yonjin Capital with the participation of Arkin Bio Ventures, Boehringer Ingelheim, M Ventures, Pfizer and Pontifax. 
    • Motionize (previously PlayerMaker), a company that develops body motion tracking devices, received $10 Million in series B funding led by FengHe with the participation of private investors. 
    • Perimeter 81, a company that secures the access to local networks, cloud infrastructure and business applications with one unified platform, closed $10 Million in a series B financing round led by SonicWall with the participation of JAL and Spring Ventures as well as other private investors.
    • Loom Systems, a company that provides an AI-based platform for IT and DevOps teams to predict issues in applications and infrastructure, raised $10 Million in a series B financing round led by Flint Capital with the participation of 31Ventures, Global Brain, JVP and Meron Capital.

      C Rounds 

      • Gong.io, a company that develops a call monitoring and analytics software for inside sales teams, raised $65 Million in a series C financing round led by Sequoia Capital with the participation of Battery Ventures, Cisco Investments, NextWorld, NVP, Wing Ventures and private investors.
      • BigPanda MS, a company that helps IT teams to simplify and automate incident management, raised $50 Million in a Series C financing round led by Insight Partners alongside Battery Ventures, Greenfield Partners, Mayfield Fund, Pelion Fund and Sequoia Israel. 
      • Superpedestrian, a transportation robotics company that develops core technologies for micro-mobility, raised $20 Million in a series C financing round from Empire Angels, General Catalyst, Hanaco VC, OurCrowd and Spark Capital. 
      • Rapyd, a FinTech-as-a-service platform that provides APIs that help integrate local payments and FinTech capabilities, received $20 Million in series C financing led by Oak HC/FT Partners with the participation of Coatue Management, Entree Capital Israel, General Catalyst, Ignia, Stripe, Target Global, Tiger Global and private investors. 
      • Traffilog, a company that provides telematics-based fleet and asset management solutions, raised $12 Million in a series C financing round from Tene. 
      • Pixellot, a company that provides automated sportscasting solutions that enable broadcasters to produce high-quality game and player videos, closed $3.3 Million in a series C financing round from Globo Ventures. 

      Growth/Miscellaneous Rounds

      • Vroom, an online dealer of used cars, raised $254 Million led by Durable Capital Partners with the participation from AutoNation, Detroit Venture Partners, FMC Capital, General Catalyst, L Catterton, PICO Partners and T. Rowe Price.
      • Vayyar,a company that develops 4D imaging sensors, raised $109 Million co-lead by KdTVC and Regal with further participation from Amiti Ventures, Battery Ventures, Bessemer, ClalTech, Glory Ventures, ICV, ITI, WRVI and private investors.
      • WalkMe, a company that enables website owners and app developers to easily create multiple interactive on-screen walk-throughs’ that help users to quickly and easily complete complex tasks, raised $90 Million in a growth round from BxWorld, D5 Capital, EDBI, Flint Capital, Gemini, Giza, Greenspring Associates, Insight Partners, Mangrove, Scale VP and Vituvian Partners. 
      • Gelesis, a company that develops technologies for the treatment of obesity and other unmet medical needs, raised $84 Million in a growth round led by Vitruvian Partners with the participation of Invesco, LaunchCapital, Pritzker Group, PureTech Ventures and Cormorant.
      • Arbe, an iAngels portfolio company that designs and builds a radar-based collision avoidance system for autonomous cars, drones & robots, closed $32 Million in a growth round from iAngels, 360 Capital Partners, AI Alliance, BAIC Capital, BxWorld, Canaan Israel, Catalyst, Maniv Mobility, MisionBlue Capital, Next Gear Fund, OG Tech Fund, OurCrowd, RIO and Taya Ventures. 
      • REE, a company that develops a flat and modular chassis, raised $21 Million in a growth round from Hachshara insurance and Meitav Dash. 
      • DarioHealth, a company that provides a mobile diabetes management platform, received $21.3 Million from private investors. 
      • Cannbit, a company that produces cannabis for medical use, raised $7.6 Million from private investors. 
      • OTI, a company that enables cashless payment with telemetry management, received $2.5 Million from institutional investors. 

      M&A and IPOs

      • Habana, a company that develops AI processors for deep learning processing, was acquired by Intel for $2 Billion.
      • 6over6, a company that develops applications to serve as DIY optometry tools, was acquired by 1-800 Contacts for $105 Million.
      • Indegy, an industrial cybersecurity company that protects the industrial control system (ICS) networks from cyber threats, malicious insiders and human errors was acquired by Tenable for $78 Million
      • Biological Industries, a company that provides life science services with a focus on cell culture media development and manufacturing, was acquired by Sartorius for $50 Million
      • Protego, a company that helps organizations to achieve control over the security of their applications, was acquired by Check Point for $40 Million

        On behalf of everyone at iAngels, I’d like to thank you for tuning in to our deal digest. If you’d like to receive a version directly to your inbox, please subscribe below.

         

        Best,
        Massimo

        Massimo is an investment associate in the iAngels investment team. He is passionate about technology & innovation and enjoys working alongside entrepreneurs with disruptive business ideas looking to make an impact. At iAngels, Massimo focuses on seed as well as series A, B & C investments and has built special expertise around FinTech, Cybersecurity, Enterprise Software, Environmental Tech, AgriTech and FoodTech.