iAngels Israeli Deal Digest – August 2020

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

This August we tracked 25 announced deals totaling at approximately $1.74 Billion, and 3 exits of $269 million.

HealthTech and AI Intelligence were the two top-performing sectors this month. Gong, a revenue intelligence company for sales teams, raised $200 million in a Series D financing round  led by Coatue and with participation from Index Ventures, Salesforce Ventures and Thrive Capital. Amwell, a telehealth leader, closed its Series C financing round, adding $194 million in funding across two tranches. Many early investors and strategic partners participated in this round, including Allianz X and Takeda.

On the M&A side, we tracked one acquisition in the media sector. IMGN Media, the shareable social media content and mobile-first platform company was acquired by Warner Brothers for “just under $100 million”. 

Seed Round

  • Approve.com, a procurement automation platform, secured a $5 million seed round, led by Aleph

  • 3DBattery, which develops technology that enables higher performance of lithium ion batteries, announced a $3.5 million Seed funding round led by Eliad Holdings, while Terra Ventures, CLP OSEG Energy Israeli innovation center, sandal maker Source-Israel, and Angel investor Sergio Fogel participated.
  • Vessi Medical, cryoablation, or cold therapy, solution for superficial bladder cancer, secured $1.7 million in funding from Agriline, The Trendlines Group, the Israel Innovation Authority, and ExitValley Investors participated in the funding round.

  • GiantLeap, a science-backed platform for children’s cognitive development tests, has raised a $900K seed round. Investors including GoAhead Ventures, Fusion LA, the Texas Medical Center’s Innovation Center, and US private investors.

A Round

  • K2View, an Israeli real-time DataOps solutions company, raised a $28 million financing round led by Forestay Capital and with the participation of Genesis Partners.

 

  • ImmPACT Bio, developing novel cell therapies for treating cancer, raised an $18 million equity financing round from OrbiMed, Johnson & Johnson Innovation – JJDC, Inc., Takeda Ventures, Inc., RM Global Partners (RMGP) BioPharma Investment Fund, Novartis Venture Fund, Bukwang Pharmaceutical, Hayan Health Networks, Inc., and JVC Investment Partners.

  • Innovalve, established at the Sheba Medical Center that is in advanced stages of developing technology in the field of cardiology, raised $10.5 million led ALIVE, the healthtech venture capital fund established by Bank Leumi, Maccabi and Fund.

  • Voiceitt, Israeli speech recognition technology, has raised $10 million in a Series-A financing round from Viking Maccabee Ventures, Microsoft’s M12, AMIT Technion, Cahn Capital Corp, Connecticut Innovations, AARP, Quake Capital, SLJ Family Office, Dreamit Ventures and The Disability Opportunity Fund.

 

  • Picodya, which has developed an in vitro diagnostics (IVD) platform named B-Matrix, raised $10 million led by SIBF (Southern Israel Bridging Fund).

  • EcoPlant, which develops an AI-powered IoT platform that helps save energy and costs for supporting infrastructure in factories, announces an $8 million funding as part of the company’s Series A round led by Ecolab, a U.S. company that provides solutions for industrial infrastructure. 

  • Bambi Dynamic, data-and-connectivity platform for mobility insurance products, raised $6 million in Series A funding led by MS&AD Ventures.

B Round

  • Perimeter 81, a network security company, completed a $40 million Series B financing round led by Insight Partners.

  • Thriver, a food and culture platform for business, raised $33 million in a Series B funding round led by Viola Growth with participation from new investors Vertex Ventures Israel, Union Tech Ventures, Journey Ventures, and FJ Labs, and existing investors Aleph and Altair Capital.

  • Silverfort, an Israeli cybersecurity startup, has raised $30 million in a series B financing round led by Aspect Ventures, with participation of Citi Ventures, Maor Investments, and the company’s early investors TLV Partners, StageOne Ventures and Singtel Innov8.

  • Ironscales, a startup developing an AI phishing prevention and detection platform, today closed an $8 million extension to its series B round led by Jump Capital

  • EyeControl, which developed an AI tool to help patients connected to ventilators communicate with their medical staff and family, has raised $7.5 million led by Connecticut Innovations.

C Rounds

  • Amwell, a telehealth leader, closed its Series C financing round, adding $194 million in funding across two tranches. Many early investors and strategic partners participated in this round, including Allianz X and Takeda.

  • Proteantecs, a deep data solutions developer for electronics and health performance monitoring, closed a $45 million financing round led by Koch Disruptive Technologies (KDT) with the participation of Valor Equity Partners and Atreides Management.

 

Growth/Misc. Rounds

  • Wix.com (Nasdaq: WIX), a website creation company, raised $500 million in a private offering of convertible senior notes.

  • NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) announced that it is offering $400 million in convertible senior notes due 2025.

  • Gong, a revenue intelligence company for sales teams, raised $200 million in a Series D financing round led by Coatue and with participation from Index Ventures, Salesforce Ventures and Thrive Capital.

  • Redis Labs, open-source database company, completed a $100 million Series F financing round at a company valuation of more than $1 billion. The financing round was co-led by Bain Capital Ventures and TCV.

  • Splitit (ASX:SPT), a global payment platform that enables shoppers to pay installments via their credit cards, announces today it has raised $71.5 million dollars in a private placement and share purchase plan.

  • MobileODT, Israeli cancer diagnostic company, completed a $6.85 million financing round led by the OrbiMed Advisors LLC venture capital fund, with participation from previous investor Tristel.

 

  • Cannabotech, a developer of medical solutions based on botanical combinations of cannabis extracts and fungi, is planning to raise almost $6 million in a direct share issuance to the public. Cannabotech is planning to become a public, non-traded startup company, a model that has yet to have been implemented in Israel.

M&A/IPO

  • IMGN Media, the shareable social media content and mobile-first platform company, was acquired by Warner Brothers for “just under $100 million”.

  • Nanox, a medical imaging company, raised $165.2 million in a Nasdaq IPO, upsized by 28%, at a company valuation of $800 million. This is the largest ever initial public offering by an early stage Israeli medical technology company.

  • Silver.net,  a system for managing banking and corporate treasury in the IT market in Israe, was acquired by The Malam Tim Group. The scope of the purchase is NIS 15 million.

iAngels Israeli Deal Digest – July 2020

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

This July we tracked 41 announced deals totaling at approximately $971.2 Million, and 2 exits of $1.9 Billion. July also included iAngels portfolio company, Taranis, raising a C round.

HealthTech and InsureTech were the two top-performing sectors this month. Nanox, which developed an innovative digital X-ray-based imaging device that produces a three-dimensional scan, raised a $110 million series B financing round with investments by SK Telecom, Fujifilm Holdings Corp., and Foxconn. Lemonade, a property and casualty insurance company, raised $319 million in its initial public offering (IPO) on the New York Stock Exchange.

On the M&A side, we tracked one large acquisition in the sector of IoT. ForeScout, leader in IoT device visibility and control, and Advent International, a global private equity firm, announced that the companies have agreed to amend the terms of their previously announced transaction. The Forescout Board of Directors has unanimously approved a revised definitive agreement under which Advent will acquire all outstanding shares of Forescout common stock for $1.6 billion.

July 2020 Investment Highlights

Seed Rounds

 

  • Env0, a startup developer of self-service cloud management software, closed a $3.5 million seed extension round, led by Crescendo Venture Partners with participation from new investor M12 – Microsoft’s venture fund and existing investors Boldstart Ventures and Grove Ventures.

 

A Rounds

 

  • Curv, a developer of cryptographic asset protection infrastructure, raised $23 million in round A funding from investors including CommerzVentures, Coinbase Ventures, Digital Currency Group, Team8, and Digital Garage Lab Fund

  • GoTo Global, the vehicle sharing tech platform, raised $19 million in a Series B funding round led by WeWork co-founder Adam Neumann.
  • Ermetic, helps organizations enforce tighter, least privilege access policies across both user and machine identities to help prevent data breaches, raised $17.25 million in Series A financing round led by Accel, and with the participation of previous investors Glilot Capital Partners, Norwest Venture Partners and Target Global.
  • Buildots, develops technology that allows construction companies to keep a close eye on the processes at a construction site with computer vision and artificial intelligence, raised $12.5 million in Series A financing round. The round was led by Tel Aviv-based venture capital firm TLV Partners and joined by Innogy Innovation Hub, Israeli construction company Tidhar Group.
  • Cybellum, a leader in Automotive Cybersecurity Risk Assessment, today announced a $12 million A round led by RSBG Ventures GmbH with additional investment from Cybellum existing investors, Blumberg Capital and Target Global.
  • NovaSight, a startup building products to help cure myopia in children by using eye-tracking glasses, completed an $8 million series A financing round led by Rimonci Capital and joined by strategic investors from both pharmaceutical and medical device industries.
  • Nucleai, uses computer vision and machine learning algorithms to predict the progress of cancerous tumors as well as the patient’s immune system response in order to determine the most efficient treatment, raised $6.5 million in a series A round led by Debiopharm Group and existing investors, Vertex Ventures Israel and Grove Ventures Capital (GP) Ltd
  • Nectin, developing a number of antibodies that can enhance the treatments being offered to cancer patients, completed the first $6 million closing of a financing round led by aMoon.
  • Valid Network, an Israel-based blockchain cybersecurity startup, raised $6 million in a seed round led by Boston-based Ten Eleven Ventures LLC, with participation from Jerusalem Venture Partners (JVP).

 

  • CAPS Medical, developer of a highly selective and minimally invasive non-thermal plasma device for cancer treatment,completed a $3.5 million Series A financing round financing round led by Chasing Value Asset Management and the Los Angeles-based Israel Investment Fund Group (IIFG).
  • SavorEat, which employs a 3D printing robot to prepare plant-based steaks with the characteristics of real meat raised, $3 million from Israeli investment houses, Mor and Meitav Dash.
  • Trobix Innovation, a Netanya-based biotechnology company developing therapies to remove the threat of antimicrobial resistance, closed a $3 million Series A funding round led by Chartered Opus.

B Rounds

 

  • Nanox, which developed an innovative digital X-ray-based imaging device that produces a three-dimensional scan, raised a $110 million series B financing round with investments by SK Telecom, Fujifilm Holdings Corp., and Foxconn.
  • Explorium, which created a platform to make finding the right data set for AI algorithms, raised a $31 million Series B led by Zeev Ventures, with help from Dynamic Loop, Emerge, 01 Advisors and F2 Capital.
  • CyCognito, an information cybersecurity company, raised $30 million in a series B funding round led by Accel with participation from previous investors Lightspeed Venture Partners, Sorenson Ventures and UpWest.
  • XM Cyber,a leader in breach and attack simulation (BAS) advanced cyber risk analytics and cloud security posture management, has closed a $17 million Series B funding round with Macquarie Capital, Nasdaq Ventures, Our Innovation Fund, and Swarth Group.
  • Belkin Laser, one-second non-invasive glaucoma laser treatment company, completed a $12.25 million Series B financing round led by CR-CP Life Science Fund and with the participation of Rimonci Capital, Santen Ventures, BioLight Life Sciences and C-Mer Eye Care Holdings.
  • Epsagon, developed a software-as-a-service (SaaS) automated end-to-end monitoring technologies for serverless cloud-based systems, completed a $10 million financing round led by DTCP.
  • Seebo, developed cloud-based software that allows industrial manufacturers to quickly and cost-effectively turn existing machinery into smart connected systems that report their health and usage data, raised $9 million in a series B round led by Israel-based Ofek Ventures.

C Rounds

 

  • Chorus.AI, a conversation intelligence platform company, raised $45 million in a Series C round led by Georgian Partners with participation from Emergence Capital, Redpoint Ventures, and new investor Sozo Ventures.
  • Taranis, iAngels uses deep-learning technology and agronomic understanding to offer insights that create a more sustainable farming ecosystem, raised $30 million in a Series C financing round led by Vertex Growth and with the participation of new investors Hitachi Ventures, Mitsibushi, UFG Capital, Micron Ventures, UMC Capital, La Maison, Mindset Ventrures, iAngels

  • Pi-Cardia, a next generation valve repair device, The Leaflex Performer – Unique Non-Implant Based Valve Treatment, has closed a $27 million round of financing, led by Sofinnova Partners.
  • ClimaCell, the weather forecasting and intelligence service that is using new techniques to gather weather data, raised a $23 million Series C round co-led by new investor Pitango Growth and existing investor Square Peg Capital.
  • RealView Imaging, a medical holography company, completed its $10 million Series C funding round led by OurCrowd and Judith and Kobi Richter  as well as other investors and physicians.

 

Growth/Miscellaneous Rounds

  • Hippo, an insurtech startup, raised $150 million in an E round led by FinTLV Ventures, Ribbit Capital, Dragoneer Investment Group and Innovius Capital.
  • Gett, an on-demand ride hailing company, raised $100 million in a financing round by undisclosed new and existing investors. 
  • OwnBackup, a cloud-to-cloud business continuity platform, raised a $50 million financing round led by Insight Partners, and with participation from Salesforce Ventures, Vertex Ventures and previous investor Innovation Endeavors.
  • Augwind (TASE: AUGN), an energy-storage company, raised $47 million from financial institutions in a private placement.
  • Eccopia, develops specialized robots that autonomously clean industrial-sized solar panel fields, without the use of water, announced a strategic $40 million investment coming from CIM Group, an American real estate, infrastructure, and energy management company.

 

  • ImageSat, FIMI-controlled space intelligence solutions company, received $32 million from Discount Bank in exchange for an allocation of 17% of its shares.
  • DarioHealth (Nasdaq: DRIO), a pioneer in the global digital therapeutics market, closed a private placement transaction with accredited investors, including healthcare funds and institutions from the U.S. and Israel for $28.6 million.
  • CartiHeal, developer of the proprietary Agili™-C implant for the treatment of joint surface lesions in traumatic and osteoarthritic joints, secured an additional $15 million equity investment from Bioventus, a global leader in orthobiologics.
  • Applicaster, a technology company that simplifies the creation, delivery and management of over-the-top video applications, raised $11 million in Series D funding round from lead investor, Viola Growth. 
  • ReWalk, Israel-based, publicly-traded robotic walking assistance company, issued $9 million worth of shares on the Nasdaq.
  • MeaTech, a 3-D bioprinting meat company, raised $5.8 million from Israeli retailer Rami Levy.

  • SuperCom, a publicly-traded company providing integrated solutions for tracking and identification, raised $3.2 million in a private placement deal.
  • AppsVillage, a marketing SaaS solutions-provider trading on the ASX as APV, has successfully completed a placement to institutional and private investors raising $2.14 million.

 

M&A & IPOs

 

  • Lemonade, a property and casualty insurance company, raised $319 million in its initial public offering (IPO) on the New York Stock Exchange.
  • ForeScout, leader in IoT device visibility and control, and Advent International, a global private equity firm, announced that the companies have agreed to amend the terms of their previously announced transaction. The Forescout Board of Directors has unanimously approved a revised definitive agreement under which Advent will acquire all outstanding shares of Forescout common stock for $1.6 billion.

 

iAngels Israeli Deal Digest – June 2020

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

This June we tracked 27 announced deals totaling approximately $560 Million, and 8 exits worth over $1.5 Billion

IT & Enterprise Software and Life Sciences were the two top-performing sectors this month. Pagaya, an alternative asset manager utilizing data-driven investment techniques in the fixed income and alternative credit markets, raised $102m from a variety of international and Israel-based VCs, including Aflac Global Ventures and Viola Ventures. SQream, a provider of a data analytics, acceleration platform, that enables enterprises to gain insights from their massive data stores, raised $39.4m in Series B+ funding led by Mangrove Capital Partners and Shusterman Family Investments. Kitov, a clinical-stage company that advances therapies to overcome tumor-immune evasion and drug resistance in order to create successful, long-lasting treatments for patients with hard-to-treat cancers, raised $35m from healthcare-focused institutional investors.

On the M&A side, we tracked one major deal in the IT & Enterprise Software space. Spotinst (Spot), which revolutionizes the way companies consume cloud infrastructure services, using analytics and automation to deliver cost-efficient infrastructure in the cloud was acquired by NetApp for $450m. Looking at Initial Public Offerings (IPO), we tracked the largest deal being Vroom, a used car retailer, and e-commerce company that enables consumers to buy, sell and finance cars online, which IPO’d on the Nasdaq raising $468m from its public offering. 

June 2020 Investment Highlights

Seed Rounds

 

  • Opora, a company creating the next generation of Cyber Threat Intelligence technologies, raised $7m in seed funding from JVP and a consortium of private investors.
  • Hunters.AI, the first autonomous threat hunting solution, searches attack techniques, and finds cyberattacks that bypass existing security solutions, raised $5.4m from YL Ventures and Blumberg Capital.
  • Agamon, a solution that combines an advanced approach to NLU with a deep understanding of medical reports, raised $3m in seed funding from MMC Ventures, InHealth Ventures, Seedcamp, and Bayer G4A to help hospitals improve its processes by transforming clinical text into structured data.
  • ADAM CogTech that develops technology that can identify a driver’s cognitive state has raised $2m from Mobilion Ventures, backed by the Mitsubishi Corporation and Delphi Technologies.
  • InfiniDome Ltd., the GPS Security Company, announced a closing of $1.6m in Seed round funding and the opening of its Pre-series A round. Investors participating in the Seed round include Boundary Holding of India and Luxemburg, Next Gear Ventures of Israel, and Aston Partners of New York.
  • CENS, which utilizes nanotechnology to increase the electric vehicle (EV) battery’s energy capacity while heavily reducing recharging time, announced that they landed a $1.5m investment led by British-Iranian investor Vincent Tchenguiz.
  • Pudding.AI, an AI-backed solution that offers data-sourced insight for marketing personnel to create better and more educated social media campaigns, has received pre-seed funding of $500k from Nielsen Innovate Fund. 

 

A Rounds

 

  • Salt Security, Israeli-founded API cybersecurity company, has raised $20m in a Series A funding round led by Tenaya Capital, a US-based venture firm.
  • Upsolver, an easy-to-use service for turning event streams into analytics-ready data with the scale, reliability, and cost-effectiveness of cloud storage, raised $13m from Vertex Ventures and JVP.
  • Spike, which developed a mobile application that puts existing emails into a multimedia mobile messaging, chat-like interface enhanced with voice and video calls, raised $8m in a Series A round led by New York-based venture capital and private equity firm Insight Partners.
  • ECOncrete, an Israeli engineering startup that is developing an environmentally-friendly concrete, designed for marine construction and artificial structures that promote the growth of sea life, raised $5m in Series A funding from Bridges Israel and Goldacre.

 

B Rounds

 

  • Cynet, a cyber-security company that converges essential cybersecurity technologies that helps enterprises to identify security loopholes and threat intelligence, and manage endpoint security, has raised $18m in B+ round funding, led by BlueRed Partners, joined by strategic investors Deutsche Telekom and Merlin International, with additional participation from existing investors Norwest Venture Partners and Ibex Investors.
  • Augmedics, a developer of augmented-reality, surgical-image guidance tools, raised $15m in Series B funding, led by its U.S. staff in addition to existing shareholders AO Invest and Terralab Ventures.

 

C Rounds

 

  • Codefresh, the leader in Kubernetes DevOps tools, today announced $27m in new funding led by Red Dot Capital Partners with participation from Shasta Ventures and existing investors.
  • Pixellot, an automated, sports video-production company, announced a new $16m funding round. Shamrock Capital Investors, an existing investor in Pixellot, led the latest fundraising round alongside participation from existing investors Grupo Globo and the Arkin Family. Israeli investment firm Altshuler-Shaham Group also contributed as a new investor.

 

Growth/Miscellaneous Rounds  

 

  • Global-e, provides technological solutions to international e-commerce websites, raised $60m from private equity firm, Vitruvian Partners.
  • Electreon, a publicly-traded leader in developing and implementing wireless charging for electric vehicles in motion, raised $50m in a public-equity offering from some of Israel’s biggest institutional Investors led the investment, such as Migdal, Psagot, Mor, Excellence, and Halman Aldubi, and leading hedge funds Alpha, Safra, and Sphera, as well as Afcon Holdings.
  • Artlist, which offers free licensed music, stock video clips, and sound effects for digital creative industries, announced this month that it had raised $48m in a financing round led by U.S.-based KKR and participated by previous investor Elephant Partners.
    • Kitov Pharma, a publicly-traded company on the NASDAQ and TASE, has raised $35m in a public-equity offering from institutional investors.
    • Zerto, a data recovery and cloud back-up company, has raised $33m in equity funding and another $22m in venture debt as part of an F round. Participants in the equity round include Poalim Capital Markets, the investment arm of Israel’s Bank Hapoalim, as well as existing investors Access Industries Inc., through its Israel investment arm ClalTech, 83North Ltd., Battery Ventures, Harmony Partners LLC, IVP (Institutional Venture Partners), Pitango Venture Capital, RTP Ventures, and U.S. Venture Partners.
    • Mapi Pharma, a fully integrated, late clinical-stage biopharmaceutical company, received an injection of $20m from publicly-traded drug developer, Mylan.
    • Celsius Network, a Bitcoin lending and loan platform, is raising $15m in an equity-crowdfunding round promoted by BnkToTheFuture.
      • Weebit Nano, a memory-tech developer traded on the ASX, has upped its public-equity placement to $6.6m after witnessing strong demand. It also plans to raise a further $500k through a share purchase plan.
      • CardiacSense, a Caesaria-based medical device company, has raised $6m in a round led by the Israeli crowdfunding investment platform, Together, and a group of Israeli and European strategic investors.
      • OCON Healthcare, a company developing an innovative, hormone-free intrauterine-contraception platform, raised $2m in an in-house funding round, led by Pontifax VC, with existing investors Docor VC, and a private American family fund also contributing to the round.

       

      M&A and IPOs

       

      • OptimalPlus, a Holon-based big data analytics company, has been acquired by US-based, National Instruments (NATI), an automated tests and measurement company, for $365m
      • CyberX, an IOT cybersecurity company with a patent for M2M-aware behavioral analytics and machine learning technology, was acquired by Microsoft for $165m.
      • PolyPid, a clinical-stage biopharmaceutical company focused on developing, manufacturing and commercializing novel, locally administered therapies to improve surgical outcomes, has set terms for its NASDAQ listing to raise between $47m – $53m.
      • Intucell, a Raanana-based, self-optimizing network (SON) company that was acquired by Cisco in 2013 for $475m, is being sold to Indian multinational HCL Technologies Ltd. in a $50m deal.
      • Flash Networks, a leading provider of optimization solutions for the mobile internet, is being acquired by Toronto-based Volaris Group, an operating group of Constellation Software, for $20m.
      • SaverOne, the world’s first system providing an effective solution for cell phone distracted driving, has submitted its documentation for a public listing on the TASE in order to raise $7.5m

      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,

      The iAngels Team

      iAngels Israeli Deal Digest – May 2020

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

      This May we tracked 28 announced deals totaling at approximately $582.5 Million, and 3 exits of $1.085 Billion

      IT & Enterprise Software and Miscellaneous Semiconductors were the two top performing sectors this month.  Verint, a company that provides end-to-end programs and consulting services to deliver actionable intelligence for customer engagement optimization; security intelligence; and fraud, risk, and compliance, received $200 Million from Apax Partners. Xsight Labs, a company that developed chipset semiconductors designed to accelerate data-intensive workloads, collected $55 Million in a series B financing round from A&E Investments, Atreides Management, Battery Ventures, Inphi, Intel Capital, M12, Valor Equity Partners, Xilinx Ventures and Private Investors. 

      On the M&A side, we tracked one large acquisition in the sector of Communications. Moovit, a free local transit planner, featuring live arrival & departure times, updated line schedules, local station maps, and service alerts, was acquired by Intel for $1 Billion. We also tracked one IPO in the field of Life Sciences. Ayala Pharmaceuticals, a clinical-stage precision oncology company dedicated to developing and commercializing potential small molecule therapeutics for patients suffering from rare and aggressive cancers, collected $55 Million in its Initial Public Offering on the NASDAQ Global Market.

      May 2020 Investment Highlights

      Seed Rounds

      • BeeHero, an iAngels portfolio company that helps farmers increase their crop yield by maximizing crop pollination, closed $4 Million in a seed round from iAngels, Direct Round, J-Ventures, Plug & Play, Rabo Food & Agri Innovation Fund and UpWest.

      A Rounds 

      • Orca Security, a company that developed a cloud information security solution capable of detecting vulnerabilities, malware, configuration errors, and sensitive insecure information, collected $20 Million in a series A financing round led by GGV Capital with participation from Hyperwise Ventures, StoneMill Ventures, SVCI, YL Ventures and Private Investors.
      • Deel, a company that simplifies compliance and payments at scale for companies hiring contractors globally, including onboarding, localized contracts, rights of work document requests, and tax form and invoice generation, received $14 Million in a series A financing round led by Andreessen Horowitz with participation from AltaIR Capital, La Famiglia, Recursive Ventures, Sarona Ventures, Soma Capital, Weekend Fund and Private Investors. 
      • D-ID, a company that allows organizations to enhance security and ensure their customers’ and employees’ privacy by removing sensitive biometric Personally Identifiable Information from videos and still images, closed $13.5 Million in a series A financing round led by AXA Venture Partners with participation from AI Alliance, Hyundai CRADLE, Maverick Ventures Israel, Mindset Ventures, Omron Ventures and Pitango.  
      • AccessiBe, a company that developed a web accessibility platform intended to make digital space fully accessible to people with disabilities, raised $12 Million in a series A financing round led by K1 with participation from Glilot Capital and Private Investors. 
      • Source Defense, a company that provides real time threat protection against vulnerabilities originating in third-party scripts such as Magecart & Formjacking attacks, collected $10.5 Million in a series A financing round led by Capital One Growth Ventures with participation from AllegisCyber, Connecticut Innovations, Global Brain, JVP and NightDragon Security.
      • GreenEye, a company that focuses on precision agriculture aiming to dramatically reduce chemical usage while increasing productivity and profitability for farmers, received $7 Million in a series A financing round led by JVP with participation from 2B Angels, Hike Ventures, Hyperplane Venture Capital, One Way Ventures, Panache Ventures and Syngenta Ventures.
      • NewSight, a company that manufactures advanced CMOS (Complementary Metal Oxide Semiconductor) image sensor chips created for short-range LiDAR applications, closed $7 Million in a series A financing round led by Infinity I-China with participation from EnnoVenture, Infore, Likai Li, Wadi Ventures Fund, Undisclosed Chinese Investors and Private Investors.
      • Alike, a company that uses artificial intelligence, crowdsourcing, and big data to empower patients by helping them monitor their own conditions, raised $5 Million in a series A financing round led by Pitango HealthTech with participation from private Investors.
      • HUB Security, a company that provides cyber-security solutions for large financial institutions and other banking, cloud, and blockchain enterprises, collected $5 Million in a series A financing round led by AXA Venture Partners with participation from OurCrowd. 
      • Nanofabrica, a company that combines patented hardware with proprietary materials to develop 3D-printing solutions, received $4 Million in a series A financing round led by M12 with participation from Alpha Venture Partners, F2 Venture Capital, i3 Equity Partners Fund, NextLeap Ventures and Private Investors. 
      • Fize Medical, a company that provides innovative solutions for the accurate, real-time monitoring of vital signs, closed $2 Million in a series A financing round from Mendham and Rapha Capital management.
      • Neema, a company that provides global financial services and specializes in providing digital wallet services and money transfers to populations that do not adequately respond to the existing financial system, such as foreign workers and others, raised $1.5 Million in a series A financing round from Discount Capital.

      B Rounds 

      • Xsight Labs, a company that developed chipset semiconductors designed to accelerate data-intensive workloads, collected $55 Million in a series B financing round from A&E Investments, Atreides Management, Battery Ventures, Inphi, Intel Capital, M12, Valor Equity Partners, Xilinx Ventures and Private Investors. 
      • Semperis, a company that provides cyber preparedness, incident response and disaster recovery solutions for enterprise directory services, received $40 Million in a series B financing round led by Insight Partners with participation from Edgewater Equity, Maverick Ventures Israel, Mindset Ventures, WTV and Private Investors. 
      • Zeitgold, a company that aims to help small businesses reduce financial related paperwork by combining experts and artificial intelligence, closed $30 Million in a series B financing round led by Vintage with participation from AXA Venture Partners, Battery Ventures, Btov Partners, DTCP Fund, HV Holtzbrinck Ventures, Saban Ventures Fund and Private Investors.  
      • RapidAPI, a company that allows developers to easily discover and connect to the world’s top APIs and manage multiple API connections in one place, raised $25 Million in a series B financing round from 500 Startups, Andreessen Horowitz, DNS Capital, FundersClub, Green Bay Ventures, Grove Ventures, M12, SV Angel and Private Investors. 
      • CyberBit, a company that offers cyber security solutions for sensitive and valuable systems in government, military, enterprise, academia, and other fields, received a $70 Million investment from Charslesbank Technology Opportunities Fund, where $48 Million was paid for existing shareholders in the company while the remaining $22 Million was collected by CyberBit in a series B financing round led by Charlesbank Technology Opportunities Fund with participation from Claridge Israel.  
      • IRP Systems, a company that specializes in high-performance electric powertrain systems for a variety of e-mobility platforms, enabling powerful and affordable electric vehicles, received $17 Million in a series B financing round led by Fosun RZ Capital with participation from Cendana Capital, Champion Motors, Entrée Capital Israel, JAL Ventures, Tal Capital, Union Tech Ventures and a Private Investor.  
      • Saturas, a company that developed a tiny sensor for measuring the water potential in the breed, which can help optimize the use of irrigation water and obtain a quality crop in orchards and vineyards, closed $3 Million in a series B financing round from Amir Marketing and Investments, Gefen Capital Fund, Hubei Forbon, Israel Farmers’ Union, Miguel Torres Winery SA Trendlines Agrifood and a Private Investor.

      C Rounds 

      • Nanit, a company that developed computer vision and machine learning algorithms to monitor and understand babies’ behavior patterns, received $21 Million in a series C financing round co-led by JVP, Rho, RRE and Upfront Ventures with participation from 645 Ventures, AME Cloud Ventures, Flex, Jacobs Technion-Cornell Institute, Story Ventures, Vaal Investment Partners, Vulcan Capital, Wareness and a Private Investor.  
      • FundBox, a company that offers small-business owners a simple way to solve their cash flow issues by instantly clearing outstanding invoices, raised $20 Million in a series C financing round from MUFG Innovation Partners.
      • LawGeex, a company that uses artificial intelligence to automate contract analysis and testing and provides transaction acceleration solutions alongside contract protection, collected $20 Million in a series C financing round from Aleph, Corner Ventures, La Maison, LionBird, LooI, Moonbow, Power Capital, RSP Fund and a Private Investor. 

      Growth/Miscellaneous Rounds 

      • Verint, a company that provides end-to-end programs and consulting services to deliver actionable intelligence for customer engagement optimization; security intelligence; and fraud, risk, and compliance, received $200 Million from Apax Partners. 
      • Pluristem, a clinical-stage biotherapy company using placental cells and a unique, proprietary 3D technology platform to develop cell therapies for conditions such as inflammation, ischemia, muscle injuries, hematological disorders and exposure to radiation, closed $15 Million from undisclosed institutional investors.
      • Regulus Cyber, a company that offers sensor security, enabling uninterrupted, continuous operation under malicious attacks or accidental interference to sensors, collected $4 Million in a bridge financing round led by SPDG Ventures with participation from Btov Partners, Canaan Israel, F2 Venture Capital, Sierra Ventures, T3-Technion Technology Transfer, Technion DRIVE and Private Investors.
      • Check-Cap, a clinical stage medical diagnostics company focused on the development of innovative imaging devices, received $3 Million from undisclosed institutional investors. 
      • ScoutCam, a company that specializes in developing minimally invasive endosurgical tools and imaging solutions, raised $2 Million from a Private Investor.

      M&A and IPOs

      • Moovit, a free local transit planner, featuring live arrival & departure times, updated line schedules, local station maps, and service alerts, was acquired by Intel for $1 Billion.  
      • Ayala Pharmaceuticals, a clinical-stage precision oncology company dedicated to developing and commercializing potential small molecule therapeutics for patients suffering from rare and aggressive cancers, collected $55 Million in its Initial Public Offering on the NASDAQ Global Market.
      • Surf, a company that develops and markets high-density multimedia processing technologies in a wide variety of formats for telecommunication infrastructures, military deployments, and CTI applications, was acquired by Lytx with regard to the video division for $30 Million.

      On behalf of everyone at iAngels, we would 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,

      The iAngels Team

      iAngels Israeli Deal Digest – April 2020

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

      Over the past few months, the world has been rocked by the rapid and global spread of the Coronavirus. With the expectation of restrictions starting to ease, so too has funding increased compared to the month of March. 

      This April we tracked 36 announced deals totaling approximately $720.6 Million, and 1 exit of $67 Million

      IT & Enterprise Software and Miscellaneous Semiconductors were the two top performing sectors this month. Biocatch, an iAngels portfolio company that delivers behavioral biometrics, analyzing human-device interactions to protect users and sensitive data, raised $145 Million in a series C financing round led by Bain Capital Tech Opportunities with participation from Amex Ventures, Blumberg Capital, CreditEase FinTech Fund, Industry Ventures, Janvest, Maverick Capital, Nexstar Partners and OurCrowd. Vast Data, a company that simplifies data centers and redefining how organizations interact with data with its Universal Storage concept, collected $100 Million in a series C financing round led by Next47 with participation from 83North, Commonfund Capital, Dell Capital, Greenfield Partners, GS Growth, Mellanox Capital and NVP.  

      On the M&A side, we tracked one acquisition in the field of Life Sciences. ApiFix, a company that develops a minimally invasive, deformity correction system for the treatment of progressive adolescent idiopathic scoliosis (AIS), was acquired by OrthoPediatrics for $67 Million.

      April 2020 Investment Highlights

      Seed Rounds

      • Corsight AI,a company that facilitates the identification of individuals within population concentrations, while dealing with face and costume covers, lighting difficulties, remote detection, challenging angles and more, closed $5 Million in a seed round from Awz HLS.
      • Arti.tv, a company that provides the ability to create augmented-reality stories full of insights, data, and information, raised $4 Million in a seed round led by Axon Ventures Fund with participation from Private Investors.  
      • SuperTrans Medical, a biopharmaceutical company developing novel antibiotics by improving the properties of existing FDA compounds following chemical conjugation to a unique transporter technology called Guanidinium-Rich Molecular Transporter (GRMoTr), collected $2 Million in a seed round from Mediforum.
      • Pileus, a computer software company that offers a platform designed to optimize cloud-based software with cloud-related accounts, received $1 Million in a seed round from Private Investors.
      • SOSense, a company that developed a new device that can prevent potential drownings, without using cameras, closed $1 Million in a seed round led by Cresson Management with participation from IPE and Private Investors. (The article is in Hebrew.) 

         

        A Rounds 

        • Tonkean, a process management and automation platform that manages processes, connects systems, automates work, and coordinates people, allowing teams to focus on what matters, raised $24 Million in a series A financing round led by Lightspeed with participation from Foundation Capital, Magma and Slow Ventures.
        • Bridgecrew, a company that develops and delivers security as a code, so anyone, anywhere can deploy the defenses needed to protect their cloud infrastructure, collected $14 Million in a series A financing round led by Battery Ventures with participation from DNX Ventures, Homeward Ventures, NFX, Sorenson Capital, Tectonic Ventures and Private Investors.  
        • Granulate, a company that develops a product to improve real-time performance of cloud servers and solves the trade-off between service quality and costs, and provides customers with high-quality results through improved infrastructure performance, received $12 Million in a series A financing round led by Insight Partners with participation from Hetz Ventures, TLV Partners and Private Investors. 
        • MigVax, a company that develops a sub-unit corona vaccine through the use of a chimeric protein that introduces the viral proteins into the immune system through the pharynx, closed $12 Million in a series A financing round led by OurCrowd with participation from Private Investors. 
        • Orchestra Group, a company that developed a platform that combines multiple security abilities and products into a unified platform which allows for a more effective construction and enforcement of organizational security policies, raised $7.5 Million in a series A financing round led by PRYTEK with participation from Founders Group, PICO Partners, Target Global and a Private Investor.
        • XRHealth, a medical device company that develops XR (VR/AR) therapeutic platform consisting of innovative, immersive, therapeutic applications which address a wide variety of neuro-cognitive, emotional and physical symptoms, collected $7 Million in a series A financing round from 20/20 HCP, Bridges Israel Fund and Flint Capital. 
        • Addionics, a company that has developed a scalable 3D metal fabrication method to enhance car battery performance, increase mileage and safety, and reduce cost and charging time, raised $6 Million in a series A financing round led by Next Gear Fund with participation from a Private Investor. 
        • ZES, a company that automates climate comfort in every room while optimizing workload and reducing energy consumption, received $5.3 Million in a series A financing round led by SCG with participation from Fusion LA, Israel G-Tek and Private Investors. (The article is in Hebrew.) 
        • MyndYou,  a platform that provides tools for maintaining cognitive abilities through technology based on passive monitoring approach, novel cognitive assessment method, and AI-generated, actionable insights, closed $4 Million in a series A financing round led by AI Life Sciences Investments with participation from Amplifyher Ventures, Daybreak Capital Partners, First Round Capital, Impact First and Musketeer Capital.   
        • URECSYS, an iAngels portfolio company that has developed a unique machine learning and data-rich, scientific algorithm for smart prediction and control of indoor pollution, collected $3 Million in a series A financing round led by iAngels with participation from MYN Investments and Private Investors.  
        • AgroScout, a company that is developing an autonomous scouting system that uses deep learning algorithms based on artificial intelligence to allow quick, efficient detection, identification, and monitoring of crop diseases throughout the entire field, received $3 Million in a series A financing round led by Kibbutz Yiron with participation from Agriline, Trendlines Incubators and Private investors via  ExitValley.   

         

        B Rounds 

        • Cheetah Technologies, a company that offers business owners a simple, affordable and fast solution for the procurement of their daily supplies, closed $36 Million in a series B financing round led by Eclipse Ventures with participation from AltaIR Capital, BoxGroup, Floodgate, Hanaco VC, ICONIQ Capital and a Private Investor.  
        • Tabit, a company that has developed a complete restaurant system for all functions, seating management, reception of diners, online ordering, self ordering Kiosk, staff & kitchen management and tablet-based waiters, raised $35 Million in a series B financing round led by Vertex with participation from Harel Insurance Investments and Financial Services, Pitango and Private Investors.
        • CyberMDX, a company that offers a comprehensive security solution that enables the identification and learning of medical device and critical network assets automatically and protection without interference of the device itself, collected $20 Million in a series B financing round led by Sham with participation from Goldbell Investments, OurCrowd, Pitango and Private Investors. 
        • Scopio, a company that has designed and built a computational microscope and developed a proprietary diagnostics platform to enable quality microscopic analysis, received $16 Million in a series B financing round from OurCrowd, Aurum, LR Group, Mivtach Shamir, Olive Tree, Targum Shlishi and Private Investors.  
        • Secret Double Octopus, a software company specializing in passwordless authentication for enterprise environments that is highly resistant to common attacks such as phishing, MITM and cracking, closed $15 Million in a series B financing round from Benhamou Global Ventures, Global Brain, Iris Capital, JVP, KDDI Open Innovation Fund, Liberty Israel, Sony Financial Ventures and a Private Investor.  
        • InnovoPro, a company that develops protein powder from hummus and among others, produces ice creams, milk substitutes and protein for bodybuilders, raised $15 Million in a series B financing round led by JVP with participation from Bits x Bites, CPT Capital, ELSA, Food Future, Foodlab Capital, ID Capital, IDB Holding Corp, Jesselson, Living Essentials, MedGenesis, Migros, Yara Ventures, Shin Shin and Private Investors.
        • Hargol FoodTech, a company that has developed an innovative farm system for high-quality and sustainable grasshopper protein production, collected $3 Million in a series B financing round co-led by Sirius Venture Capital and SLJ with participation from Private Investors.   
        • By Next, a mobile application for on-demand laundry & dry-cleaning service where users can have their laundry or dry-cleaning picked up and delivered to their door, received $1.5 Million in a series B financing round from AddVenture. (The article is in Hebrew.)
        • V-Check, a company that developed a digital payment platform that allows sending and receiving digital checks which are transferred directly to the bank account, closed $0.5 Million in a series B financing round from Private Investors. (The article is in Hebrew.)   

             

            C Rounds 

            • Biocatch, an iAngels portfolio company that delivers behavioral biometrics, analyzing human-device interactions to protect users and precious data, raised $145 Million in a series C financing round led by Bain Capital Tech Opportunities with participation from Amex Ventures, Blumberg Capital, CreditEase FinTech Fund, Industry Ventures, Janvest, Maverick Capital, Nexstar Partners and OurCrowd. 
            • Vast Data, a company that simplifies data centers and redefines how organizations interact with data with its Universal Storage concept, collected $100 Million in a series C financing round led by Next47 with participation from 83North, Commonfund Capital, Dell Capital, Greenfield Partners, GS Growth, Mellanox Capital and NVP.
            • Otonomo, a company that provides car manufacturers, drivers, and service providers with a cloud-based solution that connects millions of cars, received $46 Million in a series C financing round led by SK Holdings with participation from Alliance Ventures, Avis, Bessemer, Cerca Fund, ClalTech, Delphi Venture Capital, EMC Ventures, Hearst Ventures, LocalGlobe, Maniv Mobility, NTT DOCOMO Ventures and StageOne. 
            • GlassBox, a company that provides businesses with big-data behavioral and analytics solutions for web and mobile apps, closed $40 Million in a series C financing round led by Brighton Park Capital with participation from CE Ventures, Gefen Capital Fund, Ibex Investors Sapir Venture Partners, Updata Partners and Private Investors. 
            • Anodot, a company that monitors all data for revenue impacting incidents in real-time, raised $35 Million in a series C financing round led by Intel Capital with participation from Aleph, Disruptive Technologies Fund, Greylock Israel, La Maison, Redline Capital, Samsung Next and SoftBank Ventures Asia.  
            • Pi-Cardia, a medical device company developing a low-profile catheter for treating aortic stenosis, a serious valve disease, collected $27 Million in a C series financing round led by Sofinnova with participation from Accelmed, Anatomy Medical Technologies Fund, CBI, Fondi Atlante Ventures, Innogest, JVC, LongTec China Ventures, VI Ventures, Zaitoun Ventures and Private Investors.   
            • SafeBreach, a company that provides a “hacker’s view” of an enterprise’s security posture to proactively predict attacks, validate security controls and improve SOC analyst response, received $19 Million in a series C financing round led by OCV with participation from Cerca Fund, Deutsche Telekom Capital Partners, DNX Venture, Draper Nexus, Hewlett Packard Pathfinder, Maverick Ventures, Pathfinder, PayPal and Sequoia Israel. 
            • Juganu, a technology company providing solutions for the professional Lighting and Communication market, closed $18 Million in a series C financing round led by Comcast Ventures with participation from Amdocs Ventures, Armada Investment Management, BM Holdings, OurCrowd and Viola Growth. 
            • Gauzy, a vendor of material science, focused on developing, manufacturing, and marketing LCG® (light control glass) technology, raised $10 Million in a C series financing round led by Hyundai CRADLE with participation from Avery Dennison Corporate Venture Capital Program, BlueRed, Ibex Investors, Olive Tree and Waarde Capital.  

                           

                          Growth/Miscellaneous Rounds 

                          • Amiad, a company that develops and produces water treatment and filtration solutions, collected $22 Million from FIMI.
                          • Check-Cap, a clinical stage medical diagnostics company focused on the development of innovative imaging devices, received $4.5 Million from Undisclosed Institutional Investors.  

                           

                          M&A and IPOs

                          • ApiFix, a company that develops a minimally invasive, deformity correction system for the treatment of progressive adolescent idiopathic scoliosis (AIS), was acquired by OrthoPediatrics for $67 Million.

                           

                          We would 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,

                          The iAngels Team

                          iAngels Israeli Deal Digest – March 2020

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

                          Over the past month, the world has been rocked by the rapid and global spread of the Coronavirus. Most countries went into lockdown to contain the spread of the virus. As a result, economic activity slowed across the world. 

                          This March we tracked 20 announced deals totaling approximately $297.65 Million, and 2 exits totaling approximately $1.45 Billion

                          Miscellaneous Semiconductors and IT & Enterprise Software were the two top performing sectors this month. Hailo, a company that develops a breakthrough microprocessor based on a disruptive proprietary technology for deep learning applications, that will deliver data center performance to edge devices, closed $60 Million in a series B financing  round co-led by ABB Technology Ventures and NEC with participation from Glory Venture, Latitude Ventures, Maniv Mobility, Next Gear Fund, OurCrowd and Private Investors. Axonius, a cybersecurity asset management company that gives organizations a comprehensive asset inventory, uncovers security solution coverage gaps, and automatically validates and enforces security policies, closed $58 Million in a series C financing round led by Lightspeed with participation from Bessemer, Emerge Fund, OpenView, Vertex, WTI and YL Ventures. 

                          On the M&A side, one large acquisition was made in the field of IT & Enterprise Software and one other acquisition in the field of Life Sciences. Checkmarx, a company that develops software solutions used to identify, fix and block security vulnerabilities in web and mobile applications, was acquired by Hellman & Friedman for $1.15 Billion. STERO Biotechs, a company that develops cannabidiol (“CBD”) for co-administration with steroids, so that the effective doses of steroids can be significantly reduced, thereby potentially avoiding or reducing the many safety issues relating to steroid administration, was acquired by Kalytera for $30 Million.

                          March 2020 Investment Highlights

                          A Rounds 

                          • Quantum Machines, a company that develops operation and control systems for quantum computers, hardware and software that allow to realize the potential of quantum computing, raised $17.5 Million in a series A financing round co-led by Harel Insurance Investments and Financial Services and a Private Investor with participation Battery Ventures, Meron Capital Fund and TLV Partners.
                          • Axis Security, a company that develops a solution for private, secure and simple access to enterprise applications in enterprise clouds and enterprise servers, collected $14 Million in a series A financing round led by TenEleven Ventures with participation from CyberStarts Fund and Private Investors.
                          • ePlane, a company that is a free end-to-end sourcing solution for the aviation industry, connecting buyers, sellers & MROs from across the world, received $9 Million in a series A financing round led by Marubeni Ventures with participation from Cockpit and Private Investors.  
                          • URECSYS, an iAngels portfolio company and an environmental health technology pioneer in the battle against urban air pollution, closed $4 Million in a series A financing round from iAngels, GRG Patents, MYN Investments and Private Investors. 
                          • Sepio, a cyber security company that provides security teams with full visibility into their hardware assets and their behavior in real time, raised $4 Million in series A financing round led by Munich Re Ventures with participation from Hanaco VC.
                          • TetaVi, a high-tech company that focuses on developing a method and system to generate high quality Free Viewpoint Video (FVV) content for sports, broadcast and virtual reality applications to be viewed on all available screens, collected $4 Million in a series A financing round led by REDDS Capital with participation from Asia Alpha Private Equity, MJR-09 Family Trust, Pix Vine Capital, Sandler Investments and Stone Family Partners.
                          • Y-Platform, a company that runs a large online video channel for the Chinese audience to understand the young generation of foreigners in China, received $3.5 Million in a series A financing round from Kunlun, Weibo Corp and a Private Investor. 
                          • Odix, a software company that uses unique algorithm to neutralize any malware including ransomware, known and unknown from most commonly used files which are one of the most popular cyber-attack vectors, closed $2.1 Million in a series A financing round from Club 100 Plus, EMET Computing, Keiretsu Forum and Private Investors. 
                          • Pruvo, a company that developed an app that will track the price the users paid when booking the hotel, and notify them as soon as it’s down, so they can cancel it, and book the exact same room, at the new, lower price, raised $1.1 Million in a series A financing round co-led by SeedRocket 4Founders and Private Investors with participation from a Private Investor.

                            B Rounds 

                            • Hailo, a company that develops a breakthrough microprocessor based on a disruptive proprietary technology for deep learning applications, that will deliver data center performance to edge devices, closed $60 Million in a series B financing  round co-led by ABB Technology Ventures and NEC with participation from Glory Venture, Latitude Ventures, Maniv Mobility, Next Gear Fund, OurCrowd and Private Investors.
                            • Air Doctor, is a marketplace of doctors for tourists traveling abroad, making it easy to find a trusted and licensed doctor nearby and schedule an immediate appointment, raised $7.8 Million in a series B financing round from Kamet Ventures and Pheonix Investment and Finances. 
                            • OrthoSpin, a company focused on developing a smart external fixation system to allow real-time physician follow-up and to reduce dependency on patient compliance, received $5 Million in a series B financing round led by Johnson & Johnson Innovation with help from Trendlines Incubators and Private Investors.  
                            • Anchora Medical, a company that developed an automatic, single-use suturing device for the approximation of soft tissue during minimally invasive surgeries, closed $4.5 Million in a series B financing round co-led by Hoya and Tal Capital with participation from RLI and a Private Investor.
                            • Perimeter 81, a network security company that is designed to simplify secure network, cloud and application access for the modern and distributed workforce, raised $4.5 Million in a series B financing round led by Toba Capital with help from JAL Ventures, SonicWall, Spring Ventures and a Private Investor.  

                            C Rounds 

                            • Axonius, a cybersecurity asset management company that gives organizations a comprehensive asset inventory, uncovers security solution coverage gaps, and automatically validates and enforces security policies, closed $58 Million in a s series C financing round led by Lightspeed with participation from Bessemer, Emerge Fund, OpenView, Vertex, WTI and YL Ventures. 
                            • Pyramid Analytics, a company that offers a business intelligence and analytics platform that enables individuals, from power users to knowledge workers to decision makers, to transform their organization into a data-driven business, raised $25 Million in a series C financing round led by JVP with help from Maor, Sequoia Israel, Viola Growth and Viola Partners. 
                            • BioSight, a pharmaceutical development company that is focused on the development of therapeutics to enable safer and more effective treatment for life-threatening diseases, collected $19 Million in a series C financing round from Arkin Bio Ventures, Ilan Holdings, Israel Biotech Fund, Primera Capital, SBI JI Innovation Fund, Shine Global Family Office and Private Investors. 
                            • Anagog, a company that utilizes its JedAI suite of products to enable mobile phones to understand users’ real-world behaviors and real-time context, received $10 Million in a series C financing round co-led by IN Venture and MizMaa Ventures with participation from Continental AG, Daimler M&A Tech Invest, GigOptix Inc, Porsche Ventures, Skoda and Union Tech Ventures. 

                            Growth/Miscellaneous Rounds 

                            • Protalix, a pharmaceutical company that manufactures a plant-based enzyme, taliglucerase alfa, which has received U.S. Food and Drug Administration approval for the treatment of Gaucher disease, closed $43.7 Million in a series C financing round from Alrov, Citi, Highbridge Capital, More Investment House, Psagot, Rosalind Capital Partners and UBS O’Connor. 
                            • ScoutCam, a company that specializes in developing minimally invasive endosurgical tools and imaging solutions, collected $0.948 Million in a series C financing round from Undisclosed Investors.

                            M&A and IPOs

                            • Checkmarx, a company that develops software solutions used to identify, fix and block security vulnerabilities in web and mobile applications, was acquired by Hellman & Friedman for $1.15 Billion.
                            • STERO Biotechs, a company that develops cannabidiol (“CBD”) for co-administration with steroids, so that the effective doses of steroids can be significantly reduced, thereby potentially avoiding or reducing the many safety issues relating to steroid administration, was acquired by Kalytera for $30 Million.

                            we’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,

                            The iAngels Team

                            iAngels Israeli Deal Digest – February 2020

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

                            This February we tracked 29 announced deals totaling approximately $742 Million, and 7 exits totaling approximately $2.28 Billion

                            Life Sciences and PropTech were the two top performing sectors this month. Karius, a life sciences company that is focused on conquering infectious diseases through the innovative use of next-generation sequencing to analyze microbial cell-free DNA, closed $165 Million in a series B financing round led by Softbank Vision Fund with participation from aMoon, Data Collective, General Catalyst, HBM, Innovation Endeavors, Khosla Ventures, Lightspeed, Spectrum 28 and Tencent Exploration. Veev, a company that brings an inventive spirit to the construction and real estate development, raised $97 Million in a series B financing round from Eclipse Ventures, Greenspring Associates, Khosla Ventures, Zeev Ventures and Lennar Ventures.

                            On the M&A side, two large acquisitions were made in the field of Enterprise Software and one large acquisition in the field of Life Sciences. ForeScout, a company that delivers pervasive network security by allowing organizations to continuously monitor and mitigate security exposures and cyber attacks, was acquired by Advent and Crosspoint Capital for $1.9 Billion. CyberX, a company that developed a system that provides protection to networks in factories and industrial control systems by analyzing current activity and anomaly detection through machine learning, was acquired by Microsoft for $150 Million. Further, Simplee, a company that empowers healthcare providers to engage patients as consumers and transform payment into a trusted, self-service experience, was acquired by Flywire for $100 Million.

                            February 2020 Investment Highlights

                            A Rounds 

                            • Mavrik, a company that developed a fully automated and regulatory compliant treatment delivery platform designed to revolutionize in-office dental therapies, closed $30 Million in a series A financing round led by Ally Bridge Group with participation from Private Investors.
                            • Beyond, a cyber security startup in stealth mode, raised $21 Million in a series A financing round from Sequoia Capital and Private Investors.
                            • Elementor, an intuitive, front-end site builder for WordPress that allows users to create, design, manage and optimize WordPress websites, collected $15 Million in a series A financing round from Lightspeed and Private Investors. 
                            • L1ght, a company that protects children online from harassment, cyberbullying, predatory behaviour and harmful content, received $15 Million in a series A financing round led by Mangrove with help from Tribeca Venture Partners and WTI.
                            • Clear, a company that builds blockchain-based networks and applications for frictionless enterprise commerce, closed $13 Million in a series A financing round led by Eight Roads with participation from DTCP Fund, HKT, SingTel Innov8 and Telefonica Innovation Ventures. 
                            • Model9, a company that modernizes mainframe data management and business intelligence in large enterprises and helps them accelerate their adoption of hybrid cloud paradigms, models, and benefit from cloud technologies and economies, raised $9 Million in a series A financing round led by Intel capital with help from GlenRock, North First Ventures, StageOne and Log-On Software Ltd.
                            • Datree, a company that scans, catalogues and recommends code components in the context of the clients stack, helping developers select the right component for the right job based on the data, collected $8 Million in a series A financing round co-led by Blumberg Capital and TLV Partners with participation from Y Combinator and a Private Investor. 
                            • EquityBee, a company that helps startup employees get the money they need to exercise their stock options before they expire, received $6.6 Million in a series A financing round led by Group 11 with help from AltaIR Capital, Battery Ventures and LocalGlobe.  
                            • Strattic, a company that converts CMS-based websites into serverless versions, making them faster, scalable and virtually unhackable, closed $6.5 Million in a series A financing round co-led by SignalFire and TenOneTen Ventures with participation with from Accel, Seneca VC, Village, Automattic, Launch It Capital and a Private Investor.  
                            • Trellis Legal Intelligence, a company that builds legal intelligence and judicial analytics for law firms, raised $4.4 Million in a series A financing round led by Craft ventures with help from Intrepid Ventures, Okapi Venture Capital, Revel Partners, Sequoia Capital and Private Investors.
                            • Yofix, a company that develops and manufactures vegan and soy-free fermented plant-based prebiotic and probiotic foods, collected $2.5 Million in a series A financing round led by Mueller Ventures with participation from Bel Group and LionTree.
                            • Wishbox, a personalized guest experience platform that enables property managers to increase sales and improve customer engagement, received $2.5 Million in a series A financing round from BNF Capital and Private Investors. 

                              B Rounds 

                              • Karius, a company that is focused on conquering infectious diseases through the innovative use of next-generation sequencing to analyze microbial cell-free DNA, closed $165 Million in a series B financing round led by Softbank Vision Fund with participation from aMoon, Data Collective, General Catalyst, HBM, Innovation Endeavors, Khosla Ventures, Lightspeed, Spectrum 28 and Tencent Exploration. 
                              • Veev, a company that brings an inventive spirit to the construction and real estate development, raised $97 Million in a series B financing round from Eclipse Ventures, Greenspring Associates, Khosla Ventures, Zeev Ventures and Lennar Ventures. 
                              • Intuition Robotics, a company that is pioneering the move from digital assistants, Alexa and Siri, to digital companions, rich proactive characters that initiate context-aware, multi-model interactions, collected $36 Million in a series B financing round co-led by OurCrowd and SPARX Group with participation from Bloomberg Beta, Capital Point, Glory Ventures, Happiness Capital, iRobot Ventures, Maniv Mobility, Mirai Creation, Samsung Next, Sompo Holdings, Sumitomo Mitsui Banking Corp, Terra, Toyota AI Ventures, Union Tech Ventures and Wolfpack Ventures. 
                              • At Bay, a cyber insurance company that builds risk management products and services that keeps clients safe and enable brokers to provide more insightful coverage analysis and eliminate the need for manual processing, received $34 Million in a series B financing round co-led by Acrew Capital and Munich Re Ventures with help from Cera Fund, Khosla Ventures, Lightspeed, LocalGlobe and Private Investors. 
                              • floLIVE, a privately-owned company that provides global, secure, cloud-native loT connectivity solutions to enterprises, mobile operators and cloud providers, raised $21.5 Million in a series B financing round led by 83North with participation from Arie Capital, Golden Sunflower Capital, Saban Ventures Fund, Dell Capital, Qualcomm Ventures and Private Investors.    
                              • Wiliot, a fabless semiconductor company that develops passive SoC platforms for the loT market, collected $20 Million in a series B financing round led by Vintage with help from Maersk Growth, NTT DOCOMO Ventures, PepsiCo and Verizon Ventures.   
                              • Cherre, a company that provides investors, insurers, real estate advisors, and other large enterprises with a platform to collect, resolve, and augment real estate data from public, private and internal sources, received $16 Million in a series B financing round led by Intel Capital with participation from Bouaziz & Partners, Carthona Capital, Navitas Capital, Recursive Ventures, Sarona Ventures, Zigg Capital and Silicon Valley Bank.
                              • Sixgill, a company that specializes in monitoring the deep and dark web by using technology to monitor the web and marketplaces for potential threats that could affect clients, closed $15 Million in a series B financing round co-led by REV Venture Partners and Sonae IM with help from Cognitiv Fund, Elron, Terra and TerraLab Ventures. 
                              • DRiiVZ, a global digital software supplier to Electric Vehicle operators and service providers, accelerating the plug-in EV industry’s dynamic and continuous transformation, raised $11 Million in a series B financing round led by Centrica Innovations with participation from Gilbarco Veeder-Root, Inven Capital, Ombu Group and a Private Investor. 
                              • ActiView, a HR tech company that specializes in the advancement of recruitment and talent development, by combining the latest cutting-edge technology with scientific research, collected $10 Million in a series B financing round led by a Private Investor with help from other Private Investors. 

                              C Rounds 

                              • K Health, a company that uses data to empower people to make informed health decisions by connecting knowledge to create reliable and relevant health data, raised $48 Million in a series C financing round co-led by 14W and Mangrove with participation from Anthem Health, Bessemer, BoxGroup, Comcast Ventures, Lerer Hippeau Ventures, Max Ventures and Primary Ventures.
                              • NeoTX Therapeutics, a biopharmaceutical company that focuses on research and development in oncology immunotherapy, collected $45 Million in a series C financing round  from NDFOS, Starr Ventures, Tako Ventures and Private Investors. 
                              • Deep Instinct, a company that applies end-to-end deep learning to cybersecurity by implementing advanced artificial intelligence to the task of preventing and detecting malware, raised $43 Million in a series C financing round led by MTVP with participation from AIC, ATW Partners, Blumberg Capital, Cerracap Ventures, CNTP, Coatue Management, Cushman & Wakefield, HP Tech Ventures, LG Technology Ventures, NVIDIA GPU Ventures, Samsung Ventures, Unbound, US News and UST Global.  
                              • OpenLegacy, a company that accelerates delivery of innovative digital services from legacy systems in days versus months, collected $20 Million in a series C financing round from SBI Holdings.
                              • temi, a company developing an intelligent, mobile, personal robot for home and office that is capable of recognizing and following its users around, making video calls, playing music or moving small objects from room to room, received $15 Million in a series C financing round led by Joy Capital with help from Crossroad, FengHe, Ogawa, Tung Hing Enterprise and Private Investors.  
                              • AllSeated, a company that provides event-planning professionals with technology that enables them to visualize events and collaborate in real time via 3D tools, closed $4.4 Million in a series C financing round led by Liquidity Capital with participation from Magma, Royalty Ventures and Private Investors. 

                              Growth/Miscellaneous Rounds 

                              • Enlivex, a clinical stage immunotherapy company, developing an autologous and allogeneic drug pipeline for immune system rebalancing, raised $8 Million from Undisclosed Institutional Investors.

                              M&A and IPOs

                              • ForeScout, a company that delivers pervasive network security by allowing organizations to continuously monitor and mitigate security exposures and cyber attacks, was acquired by Advent and Crosspoint Capital for $1.9 Billion.
                              • CyberX, a company that developed a system that provides protection to networks in factories and industrial control systems by analyzing current activity and anomaly detection through machine learning, was acquired by Microsoft for $150 Million.
                              • Simplee, a company that empowers healthcare providers to engage patients as consumers and transform payment into a trusted, self-service experience, was acquired by Flywire for $100 Million.
                              • Convexum, a company that pioneers counter-drone solutions protecting perimeters from rogue or malicious drones, was acquired by NSO for $60 Million
                              • Exalenz, a company that develops and commercializes advanced systems that extract vital information for diagnostics from subtle changes in the patient’s exhaled breath, was acquired by Meridian Bioscience for $49.4 Million.
                              • CreditGuard, a company that provides secured electronic payment transaction solutions for cards, to thousands of clients around the world, was acquired by Max for $20 Million.
                              • SuperQuery, a company that develops an optimization engine for serverless BigData services such as Google and Oracle 18c, was acquired by DoiT for $5 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.

                              iAngels Israeli Deal Digest – January 2020

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

                              This January we tracked 31 announced deals totaling approximately $479 Million, and 8 exits totaling approximately $1.97 Billion

                              Life Sciences and FinTech  were the two top performing sectors this month. Emendo, a biotherapeutics company that develops next generation gene editing tools for genetic disorders, closed $61 Million in a series B financing round led by AnGes with participation from OrbiMed Israel, Takeda Ventures and Private Investors. Nayax, a fintech company that sells cashless products for the vending and unattended retail industry, received $60 Million in a series C financing round from an undisclosed American fund. On the M&A side, two large acquisitions were made in the fields of Enterprise Software and Communications. Armis, a company that provides a security platform to address the new threat landscape of unmanaged loT devices, was acquired by CapitalG and Insight Partners for $1.1 Billion. Further, Gilat Satellite, a company that provides end-to-end satellite-based broadband communications solutions, was acquired by Comtech for $579 Million.

                              January 2020 Investment Highlights

                              Seed Rounds 

                              • Nuweba, an ultra-fast and highly-secure serverless platform, closed $5.4 Million in a seed round led by Blumberg Capital with the participation of Magma, Target Global and Private Investors.
                              • IMedis, a company that develops life-saving medical software systems that quickly and efficiently analyzes medical imaging, raised $1.3 Million from Private Investors via the ExitValley equity crowdfunding platform.

                              A Rounds 

                              • Aquant, a company that assists service organizations to maximize their product uptime, closed $30 Million in a series A financing round led by Insight Partners with the participation of Angular Fund, Lightspeed, SilverTech Ventures and WTV.
                              • Epsagon, a company that focuses on automated tracing for cloud microservices, received $16 Million in series A financing led by USVP and accompanied by StageOne, Lightspeed and a Private Investor.   
                              • Bond, a company that offers brands the most advanced and personalized post-purchase solutions, same-day delivery, and scheduled returns, raised $15 Million in a series A financing round from Lightspeed, MizMaa Ventures and TLV Partners Fund.
                              • Pecan, a company that automates the entire predictive analytics process, significantly reducing time-to-model from months to days, collected $15 Million in a series A financing round led by Dell Capital with assistance from S Capital and Private Investors.
                              • Jolt, a company that provides a flexible and cost-effective alternative to traditional MBA programs, raised $14 Million in a series A financing round co-led by Balderton Capital, Hillsven, Octopus Ventures and accompanied by 2B Angels, PICO Partners, Tank Hill Ventures, UpWest and a Private Investor.
                              • Placer.ai, a company that allows anyone with a stake in the physical world to instantly generate insights into any property for a deeper understanding of the factors that drive success, received $12 Million in a series A financing round led by JBV Capital with participation from Aleph, Array Ventures, IrishAngels Ventures OCA Ventures, Reciprocal Ventures, Recursive Ventures, Stage Venture Partners and Private Investors. 
                              • HelpAround, a company that aims to help chronic patients and their support systems, simplify day-to-day struggles through their smartphones, raised $6 Million in a series A financing round led by IQVIA and accompanied by PharMedQuest, Vodia Ventures, Windham Venture Partners, Zora Ventures SPV and private investors. 
                              • ClariFruit, a company that has discovered a simplified approach for measuring fruits and vegetables ripeness quality, freshness, durability and taste, raised $6 Million  in a series A financing round led by Firstime with participation from Private Investors.
                              • Vicarius, a cybersecurity company that aims to empower companies with proactive attack mitigations strategies for software vulnerabilities in real-time, closed $5 Million in a series A financing round led by JVP with participation from Global Investments and innogy Innovation Hub Israel.
                              • Stoa, a company that is a one-stop-shop for real estate developers specializing in short term refurbishment, received $4 Million in a series A financing round led by BRM Group and helped by FTAC.
                              • Ubeya, a company that developed a platform for managing seasonal or temporary employees in the business model of a catering company, raised $3.5 Million in a series A financing round led by ICV Partners with participation from 500 Startups, CornerStoneOnDemand, Magma and Private Investors. 
                              • Butterfly Medical, a company that develops an innovative, implantable device for the treatment of Benign Prostatic Hyperplasia, closed $2 Million in a series A financing round by Private Investors. 
                              • Blue White Robotics, a company that  is a provider and operator of unmanned systems, raised $1 Million in a series A financing round by Private Investors.

                              B Rounds 

                              • Emendo, a biotherapeutics company that develops next-generation gene-editing tools for genetic disorders, closed $61 Million in a series B financing round led by AnGes with participation from OrbiMed Israel, Takeda Ventures and Private Investors.
                              • NanoX, a company that is developing a commercial-grade digital X-ray source designed to be used in real-world medical imaging applications, received $26 Million in a series B financing round from Foxconn, Oxen9, SK Telecom Ventures, Fuji and Private Investors.
                              • Iguazio, a company that digitally transforms businesses by analyzing data from a variety of sources to create actionable insights and artificial intelligence, raised $24 Million in a series B financing round led by INCapital with participation from CME Ventures, Dell Capital, JVP, Kensington Capital Partners, Magma, Pitango, Plaza Ventures, Robert Bosch Venture Capital, Samsung Ventures, Silverton Capital Ventures and Verizon Ventures. 
                              • RadiAction, a company that is developing a radiation shield to enable a significant reduction in the total radiation exposure to physicians and medical staff, closed $18 Million in a series B financing round led by InnovaHealth Partners accompanied by Boya Capital, HighGround Tairun, SV Tech Ventures and Private Investors.
                              • Intezer, a company that replicates the concepts of biological immune systems into cybersecurity offering enterprises threat detection and accelerated responses, collected $15 Million in a series B financing round led by OpenView with help from Magma, Samsung Next, Intel Capital, undisclosed American investors and Private Investors. 
                              • CLEW Medical, a real-time AI analytics platform designed to help providers make better informed clinical decisions, raised $10 Million in a series B financing round led by Pitango with participation from Agate-JT Healthcare Fund, Relyens, Rhoen Innovations and Private Investors. 
                              • SeaLights, a company that is developing a cloud-based continuous testing platform, closed $8.6 Million in a series B financing round led by Cisco Investments with assistance from Blumberg Capital, TLV Partners, Wipro Ventures and Private Investors.

                              C Rounds 

                              • Nayax, a fintech company that sells cashless products for the vending and unattended retail industry, received $60 Million in a series C financing round from an undisclosed American fund.  
                              • Verbit, a software company that captures solutions by using AI to provide the highest accuracy and fastest turnaround time for low costs, raised $31 Million in a series C financing round led by Stripes accompanied by Bouaziz & Partners, HV Holtzbrinck Ventures,Oryzn Capital, Sarona Ventures, Vertex, Vintage, Viola Ventures and ClalTech.  
                              • Trusona, a company that specializes in identity authentication, closed $20 Million in a series C financing round led by Georgian Partners with help from FoundersPad, KPCB, Akamai, M12, OurCrowd, Seven Peaks Ventures and Private Investors. 
                              • Grid4C, an iAngels portfolio company that develops AI and machine learning solutions to extract maximum business value out of smart meters, while delivering predictive energy insights for energy providers, collected $6 Million in a series C financing round from iAngels, Axess Ventures, Engie Ventures, ICV, Util-Assist and Private Investors.

                              Growth/Miscellaneous Rounds 

                              • Kamada, a biopharmaceutical company that specializes in the development, manufacture and marketing of proteins as pharmaceuticals, raised $25 Million from FIMI.
                              • Dragontail, a company that develops and markets software solutions, designed to optimize delivery management at fast-food restaurants, received $20 Million from Eldridge Industries, Goudy Park Capital and Alceon.  
                              • Wize Pharma, a company that is focused on the treatment of ophthalmic disorders, closed $7.5 Million from Rimon Gold and a Private Investor.
                              • BonUs, a biotechnology company that applies innovative technology to generate viable tissue-regenerating bone grafts, closed $7.4 Million from Wize Pharma.
                              • ScoutCam, a company that specializes in developing minimally invasive endosurgical tools and highly innovative imaging solutions, received $3.3 Million from an undisclosed investor.  

                              M&A and IPOs 

                              • Armis, a company that provides a security platform to address the new threat landscape of unmanaged loT devices, was acquired by CapitalG and Insight Partners for $1.1 Billion.
                              • Gilat Satellite, a company that provides end-to-end satellite-based broadband communications solutions, was acquired by Comtech for $579 Million.
                              • Ilyon, a company that specializes in social mobile games, was acquired by Miniclip for $100 Million
                              • Content IQ, a company that developed a platform that allows content sites and advertisers to monitor the effectiveness of adverts that are advertised on sites,  was acquired by Perion Network for $73 Million
                              • Loom Systems, a company that developed cloud-based software that enables automatic analysis of alerts and logs from all enterprise systems, was acquired by ServiceNow for $70 Million.
                              • Segasec, a cyber-security company that provides end-to-end digital threat protection against customer hijacking attacks that originate in blind spots, was acquired by Mimecast for $40 Million
                              • Smartair, an online marketplace company that connects travel suppliers with travelers who can easily plan their trip in one single platform, was acquired by Talma Travel for $11.5 Million
                              • Brayola, a company that specializes in online lingerie retailing that helps shoppers find better-fitting bras, was acquired by Delta Galil for $1.1 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.

                              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.

                                    iAngels Israeli Deal Digest – November 2019

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

                                    This November we tracked 25 announced deals totaling approximately $832m, and 7 exits totaling $2.48bn

                                    Semiconductors and Enterprise Software were the leading sectors this month. Riskified, an eCommerce fraud management company trusted by hundreds of global brands, raised $165 Million in a growth round led by General Atlantic with the participation of C4 Ventures, Capital One Growth Ventures, Entree Capital, Fidelity, Founder Collective, Genesis, Kreos Capital, NTT DOCOMO Ventures, Pitango Growth, Qumra Capital, T5 Capital and Winslow Capital. In addition, Vayyar Imaging, a global leader in 4D radar imaging technology, providing affordable, highly advanced sensors to a wide variety of industries, raised $109 Million in a growth round co-led by Regal Four and KdTVC with the participation of Amiti Ventures, battery Ventures, Bessemer, ClalTech, Glory Ventures, ICV, ITI Fund, WRVI and a private investor. 

                                    On the M&A side, a large acquisition was made in the MedTech field. Lumenis, a company that has developed minimally-invasive clinical solutions for the surgical, ophthalmology and aesthetic markets was acquired for $1.2 Billion by Baring Private Equity. In addition, two large scale acquisitions were made in the enterprise software field. ECI Telecom, a company that delivers ELASTIC network solutions to service providers, utilities and data center/cloud providers, was acquired by Ashmore Group for $486 Million. Further, Crossix Solutions, a company that has developed technology to enable real-time measurement and optimization of complex, cross-channel media campaigns aimed at patients and healthcare professionals, was acquired by Veeva for $430 Million

                                    November 2019 Investment Highlights

                                    A Rounds

                                    • DoiT International, a leading provider of proprietary public cloud optimization and operations software and public cloud expertise, raised $100 Million in a Series A financing round from Charlesbank Technology Opportunities Fund. 
                                    • CyCognito, a company developing a platform that provides organizations with a complete attack surface analysis from a sophisticated attacker’s point of view, raised $18 Million in a Series A financing round led by Lightspeed with the participation of Amiti Fund, BNSG Capital, Sorenson Capital, UpWest and additional private investors. 
                                    • ZecOps, a startup delivering a realistic take on cyber security with the first agentless cross-platform digital forensics and incident response (DFIR) platform, raised $10 Million in Series A financing from Array Ventures, CEAS Investments, Evolution Equity Partners, Jigsaw, KPN Ventures, Plug & Play, Stormbreaker Venture Group, WISE Ventures and a private investor.  
                                    • Viisights Solutions, a provider of behavioural understanding systems for real-time video intelligence, raised $10 Million in Series A financing led by Awz HLS with the participation of AltalR Capital, Firstime, LETA Capital, Maxfield Capital and an undisclosed investor. 
                                    • Coralogix, a company developing open source code and cloud computing, closed $10 Million in Series A funding led by Aleph with the participation of 2B Angels, Janves, Stageone and Taya Ventures. 
                                    • CreditStacks, a company that offers premium credit cards without the need for SSN or credit history to apply, raised $10 Million in Series A financing led by Strathmore Group with the participation of 500 Startups Fund, Clear Future company, Off the Grid Fund, Plug & Play, VU Venture Partners and private investors. 
                                    • Refundit, a company whose aim is to revolutionize tax free shopping, making the process easier and more efficient, raised $10 Million in a Series A financing round led by Amadeus Ventures with the participation of Ataria, Portugal Ventures and additional private investors. 
                                    • Hallura, a company that has developed a novel crosslinking technology, answering the growing demand for natural and soft non-invasive aesthetic treatments, raised $7 Million from private Investors. 
                                    • Cyber Sepio Systems, a cybersecurity company that uncovers hidden hardware attacks, raised $6.5 Million from EDP Ventures, Hanaco VC, Merlin Ventures, Mindset Ventures and PICO Partners fund. 
                                    • Track160, a startup that provides an AI solution to the emerging field of sports information analytics, raised $5 Million led by ADvantage Sports Tech Fund alongside with Deutsche Fussball Liga, REDDS Capital and other private investors.  
                                    • ProteKt Therapeutics, a drug development company aiming to develop potent and selective oral inhibitors of the kinase PKR for the treatment of neurodegenerative and neuroinflammatory diseases, raised $3.6 Million from Bukwang Pharmaceutical, Fonds de Solidarite, FutuRx, Johnson & Johnson, OrbiMedisrael, RMGP Biopharma fund and Takeda Ventures. 

                                    B Rounds

                                    • Papaya Global, a company that provides enterprises with a global, cloud-based SaaS platform to automate payroll and workforce management, raised $45 Million in a B round led by Insight Partners and with the participation of Bessemer Fund, Dynamic Loop Capital, New Era Capital Partners Fund and numerous private investors. 
                                    • Cymulate, a company that challenges security controls by initiating thousands of attack simulations, showing exactly where the users are exposed and how to fix it, making security continuous, fast and part of every-day activities, raised $15 Million in a B financing round from Dell Capital, Susquehanna, Vertex Growth, Vertex and a private investor.
                                    • Perimeter 81, a zero trust network as a service designed to simplify secure network, cloud and application access for the modern and distributed workforce, raised $10 Million in Series B financing led by SonicWall with the participation of JAL Ventures Fund, Spring Ventures and private investors. 
                                    • Loom Systems, a company that delivers an AIOps-powered log analytics solution, raised $10 Million in a B round led by Flint Capital with the participation of 31Ventures, Global Brain Fund, JVP and Meron Capital fund. 
                                    • Pcysys, a company that delivers an automated penetration-testing platform that assesses and reduces corporate cybersecurity risks, raised $10 Million led by Awz HLS Fund with the participation of Blackstone Fund and Blum & Blum Investments Fund. 

                                    C Rounds 

                                    • BigPanda MS, a company that enables enterprise IT to automate and scale service operations to meet the complex demands of the modern datacenter, raised $50 Million in Series C financing led by Insight Partners alongside with Battery Ventures, greenfield Partners, Mayfield Fund, Pelion Fund and Sequoia Israel.
                                    • Superpedestrian, a transportation robotics company developing core technologies for micro-mobility, raised $20 Million in Series C financing from Empire Angels, General Catalyst, Hanaco VC, OurCrowd and Spark Capital. 
                                    • Biz-Effective (Centrical), a comprehensive workforce performance management platform using enterprise gamification, raised $13 Million led by Aleph with the participation of 2B Angels, CE Ventures, Eshbol, JVP, La Maison, Shared Ventures, Vernit and Adler chomski Advisory company. 

                                      Growth/Miscellaneous Rounds

                                      • Riskified, an eCommerce fraud management company trusted by hundreds of global brands, raised $165 Million in a growth round led by General Atlantic with the participation of C4 Ventures, Capital One Growth Ventures, Entree Capital, Fidelity, Founder Collective, Genesis, Kreos Capital, NTT DOCOMO Ventures, Pitango Growth, Qumra Capital, T5 Capital and Winslow Capital.
                                      • Vayyar Imaging, a global leader in 4D radar imaging technology, providing affordable, highly advanced sensors to a wide variety of industries, raised $109 Million in a growth round co-led by Regal Four and KdTVC in additional participation of Amiti Ventures, battery Ventures, Bessemer, ClalTech, Glory Ventures, ICV, ITI Fund, WRVI and a private investor.
                                      • BlueVine, a company empowering small businesses with innovative banking solutions, raised $103 Million in a growth round led by ION Crossover Partners Fund with the participation of Citi Ventures, Correlation Ventures, Greylock Israel, Kima Group, Lightspeed Fund, Maor, Menlo Ventures, MUFG Innovation Partners, Nationwide Ventures, OG Tech, Rakuten FinTech Fund, SVB Financial Group, Vintage and a private investor.
                                      • XACT Robotics, a company pioneering a hands-free robotic system combining image-based planning and navigation with instrument insertion and steering capabilities, to democratize percutaneous interventional procedures, raised $36 Million in a growth round from Chasing Value Asset Management, MEDX Ventures Group and other private investors. 
                                      • Insights Cyber Intelligence, a company developing an all-in-one external threat protection platform designed to neutralize cyberattacks outside the wire, raised $30 Million led by Qumra Capital with the participation of Blackstone, Blumberg Capital, ClearSky Fund, Glilot Capital, Tola Capital, Vintage, Wipro Ventures and private investors.
                                      • Venus Concept, a developer and manufacturer of devices for the medical aesthetic market, raised $28 Million from EW Healthcare Partners, HealthQuest Capital, SEDCO Capital and an undisclosed investor.

                                      M&A and IPOs

                                      • Lumenis, a company that has developed minimally-invasive clinical solutions for the surgical, ophthalmology and aesthetic markets, was acquired for $1.2 Billion by Baring Private Equity. 
                                      • ECI Telecom, a company that delivers ELASTIC network solutions to service providers, utilities and data center/cloud providers, was acquired by Ashmore Group $486 Million.
                                      • Crossix Solutions, a company that has developed technology to enable real-time measurement and optimization of complex, cross-channel media campaigns aimed at patients and healthcare professionals, was acquired by Veeva for $430 Million
                                      • ObserveIT, a company that provides an insider threat management platform, was acquired by Proofpoint for $225 Million.
                                      • 89bio, a clinical-stage biopharmaceutical company focused on the development and commercialization of innovative therapies for the treatment of liver and cardio-metabolic diseases, was acquired for $85 Million.
                                      • Clear Genetics, an iAngels portfolio company that has developed a patient-centric software to thoughtfully integrate genetics into routine patient care, was acquired by Invitae for $50 Million
                                      • Cymplify Security, a company that has developed a technology for securing Internet devices and finding vulnerabilities, was acquired by CheckPoint for $5 Million.

                                       

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                                          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.