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.

     

        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 analyst in the iAngels Investment Team and brings experience in investments and asset management. Massimo is passionate about technology and innovation, meeting with the greatest minds and ideas of talented entrepreneurs looking to make an impact. At iAngels, Massimo focuses on seed and series A investments and has built special expertise around FinTech.

        iAngels Israeli Deal Digest – October 2019

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

        This October we tracked 36 announced deals totaling approximately $480 Million, and 6 exits totaling $402 Million

        FinTech and MedTech were the leading sectors this month. Next Insurance, a company that provides coverage for entrepreneurs and small businesses, using artificial intelligence and machine learning technologies to tailor insurance policies to its customers, has raised $250 Million in a growth round from Munich Re Ventures. Rapyd, a company that developed a payment service that enables the transfer of electronic funds across borders through bank transfers, digital wallets, cash and other means of payment, completed a $100 Million Series C funding round led by Oak HC/FT Partners along with participation of Entree Capital Israel, General Catalyst, Ignia, Stripe, Target Global, Tiger Global and private investors. 

        On the M&A side, we saw two larger acquisitions both in the MedTech field –  Eximo Medical and Av Medical. Eximo Medical, a company that developed a laser-based catheter device used for the treatment of occlusive peripheral arterial disease (PAD), was acquired by AngioDynamic Inc for $46 Million. Av Medical, a company that developed catheters for dialysis patients undergoing routine angioplasty procedures, was acquired by Medtronic PLC for $30 Million

        October 2019 Investment Highlights

        Seed Rounds

        • Hi Auto, a company that is developing audio-visual speech enhancement that eliminates the most challenging noises, closed $4.5 Million in seed funding from Allied Holdings, Goldbell Investments, Plug & Play and a private investor.
        • Flip Fit, a social shopping platform blending the power of social media with the buying appeal of e-commerce, has received $3.75 Million in seed funding, led by a private investor, loll and TLV Partners Fund. 
        • Hunterz, a global freelancing platform that connects vendors with enterprises, utilizing individuals within the organizations, has raised $3 Million in seed funding led by ICONYC, a private investor and TLV Partners Fund.  
        • Castor, a company that provides a support system to fully utilize the benefits of industrial 3D printing, has raised $2 Million led by Evonik Venture Capital. 
        • RetiSpec, a medical imaging company developing a tool for early detection of Alzheimer’s disease biomarkers in the eye, has received $0.5 Million from the Alzheimer’s Drug Discovery Founders including an R&D grant. 

        A Rounds

        • Duality, a company developing innovative technology to empower Secure Digital Analytic Collaboration applying advanced analyses and Artificial Intelligence to data while it is encrypted, closed $16 Million in Series A funding led by Intel Capital with the participation of Hearst Ventures and Team8.
        • Future Meat, a biotechnology company advancing a distributive manufacturing platform for the cost-efficient, non-GMO production of meat directly from animal cells, without raising or harvesting animals, has raised $14 Million in a Series A financing round. The round was led by S2G Ventures with the participation of Agrinnovation VC, Bits x Bites, Emerald Technology Ventures, HB Ventures, Manta Ray Ventures, Neto Group, Tyson Ventures and a private investor.  
        • Firedome, developing a software-only solution for IoT manufacturers to protect their device fleets, raised $10 Million in a Series A financing round led by Two Sigma with the participation of WTV, SilverTech Ventures and private investors. 
        • Become, an iAngels portfolio company, which nurtures businesses throughout the funding cycle, has raised $10 Million in Series A funding co-led by Benson Oak Ventures and Magenta Venture Partners Fund alongside the fund participation of iAngels Crowd, Entree Capital Israel and RIO.
        • Mogimo Inc. (HYPR), a data-driven influencer marketing platform letting brands and agencies strategize, manage and scale their influencer campaigns, has raised $8 Million in a Series A financing round from Bank Mizrahi Tefahot, Klingenstein, Fields & Co, Sapir Venture Partners, SilverTech Ventures, Star Farm Ventures and WTV. 
        • Waycare, a company enabling cities to take full control of their roads by harnessing in-vehicle information and municipal traffic data for predictive insights and proactive management optimization, closed $7.3 Million in a Series A financing round led by SJF Ventures and with the participation of Goldbell Investment, Innogy Innovation Hub Israel, Janom, Next Gear Fund, Spider Capital, UpWest and Zymestic Solutions. 
        • Tonkean, a company developing a business intelligence solution for discovering business insights, has raised $7.2 Million in a Series A financing round by Foundation Capital, Magma and Slow Ventures. 
        • Axilion, a company that harnesses AI technology that transforms traffic signals into a dynamic and adaptive traffic network, has raised $6 Million in Series A funding by private investors. 
        • Workiz, a company that creates a simple solution for managing service businesses from any device, allowing scheduling and job management with an easy to use calendar, raised $5 Million in Series A financing led by Magenta Venture Partners Fund along with Aleph and TMT Investments. 
        • The Jones Agency, a company developing an insurance management software platform for commercial real estate companies, closed $4.6 Million in a Series A financing round by 500 Startups, Ground Up Ventures, Hetz Ventures, JLL Spark, MetaProp Ventures, WeWork and private investors. 
        • SafeHouse Technologies, a proactive military-grade security company that developed core technology in the cloud which acts as a filter between the user and the Internet, has raised $2.84 Million in Series A funding led by Barclays Ventures with the participation of TechStars. 
        • Viridix, a company that helps farmers make data-driven decisions by gathering data at multiple locations in the field and uploading it to the cloud for further analysis, raised $2.35 Million in Series A funding led by the Israel-Colorado Innovation Fund alongside with AltalR Capital and other private investors. 
        • Voca.ai, a company developing a human-friendly agent that reduces the size and costs of call centers while increasing customer satisfaction, has received $0.9 Million in a Series A financing round by Amex Ventures. 

        B Rounds

        • Fabric, a company that specializes in establishing robotic logistics centers for streamlining goods delivery, has raised $110 Million in Series B financing led by Corner Ventures with the participation of Aleph, CPPIB, Innovation Endeavors, La Maison, Microsoft ScaleUp, Playground Global LLC, Temasek Holdings and private investors. 
        • Adicent Bio, a pre-clinical stage biotechnology company engaged in the development of immunotherapies for cancer and other diseases, has raised $80 Million in Series B financing from aMoon, Johnson & Johnson, Novartis Venture Fund, OrbiMed, Pontifax, Regeneron Pharmaceuticals and Samsung Ventures. 
        • Viz Ai, a company using artificial intelligence and deep learning algorithms to analyze medical data and detect large vessel occlusion strokes and improve medical workflow, has received $50 Million in a Series B financing round led by Greenoaks Capital and in participation of AME Cloud Ventures, CRV, DHVC, GV, KPCB, Innovation Endeavors, Susa, Techammer, Threshold Ventures and a private investor.  
        • Upstream Security, a company that develops cloud-based security technologies that offer data protection, anomaly detection and real-time analytics against cyberattacks on connected cars, raised $30 Million in Series B financing led by Alliance Ventures along with the participation of CRV, Glilot Capital, Hyundai Autoever, Maniv Mobility, Nationwide Ventures and Volvo Cars Tech Fund. 
        • Stampli, a cloud-based interactive invoice management software that streamlines the entire accounts payable process by fixing the communication breakdown, has received $25 Million in Series B funding led by SignalFire and with the further participation of Bloomberg Beta, Hilsven, NextWorld and UpWest.  
        • ControlRad, a company working to reduce radiation exposure during fluoroscopy has picked up $15 Million in Series B financing led by Questa Capital and with the participation from Jennison Associates, Mendham and private investors. 
        • Folloze, a prospect engagement platform in which sellers and marketers can rapidly build and share content capturing key analytics about their buyers’ interests, raised $11 Million in a Series B financing round led by BGV, with participation from Canvas Ventures, Cervin Ventures, Grayhawk Ventures, NEA, TriplePoint Ventures and SVB. 
        • OpenLegacy, a company accelerating the legacy API integration from 6 months to hours, raised $10 Million in a Series B financing round led by Silverhorn Investments, with participation from C. Entrepreneurs, Commerz Ventures, Leumi Partners, OG Tech, PRYTEK and RDC. 
        • 3DSignals, a company developing software that uses sensors to monitor the performance of industrial equipment and provides real-time diagnostics and insights, raised $8.5 Million in a Series B financing round led by Mercura Capital, with participation from DIVE digital, Dor Engineering, Grove Ventures and State of Mind Ventures. 
        • Talenya, a company that has developed bots powered by AI, which serve as virtual recruiters for open talent roles from hundreds of online sources, raised $6.5 Million in Series B financing led by Ibex Israel Fund and participation of Gal Ventures and lool. 
        • DayTwo, a company that has developed a microbiome human discovery platform that offers a glycemic control solution for people with type II diabetes, has raised $5 Million in Series B financing led by Longliv Ventures and with the participation of Cathay Innovation and Samsung NEXT. 
        • Paygilant, a fraud protection company for mobile payments, raised $0.75 Million from Connecticut Innovations as part of a larger investment round being raised in this period.  
        • EyeControl, a company creating an innovative communication device for individuals who suffer from complete paralysis, received $0.75 Million from Connecticut Innovations as winners of VentureClash Global Challenge. 

        Growth/Miscellaneous Rounds

        • Next Insurance, a company that provides coverage for entrepreneurs and small businesses, using artificial intelligence and machine learning technologies to tailor insurance policies to its customers, has raised $250 Million in a growth round from Munich Re Ventures. 
        • Rapyd, a company that develops a payment service that enables the transfer of electronic funds across borders through bank transfers, digital wallets, cash and other means of payment, completed a $100 Million Series C funding round led by Oak HC/FT Partners alongside the participation of Entree Capital Israel, General Catalyst, Ignia, Stripe, Target Global, Tiger Global and private investors. 
        • Namogoo, a company developing a customer hijacking prevention technology which identifies and blocks unauthorized ads injected into consumer web sessions, raised a $40 Million Series C financing led by Oak HC/FT Partners with the participation of 83North, Adler Chomski, Blumberg Capital, Founders Guild, GreatPoint Ventures, Hanaco VC, Inimiti, PICO Partners, Synapse Partners and Tectonic Capital. 
        • Idomoo, a company offering a complete suite of tools for creating, displaying and distributing data-driven customized videos, closed $18 Million co-led by Disruptive Technologies Fund and Target Global and with the participation of GEOC and other private investors. 
        • Tactile Mobility, a company leveraging augmented visual sensing to feed automotives’ onboard computers with actionable insights to optimize driving decisions in real-time, raised $9 Million with the participation of Porsche Ventures, BM Holdings, New York Angels, Union Tech Ventures and private investors. 
        • Gordian Surgical, a commercial-stage medical service company with growing international sales for its TroClose1200, a port access-closure system that offers surgeons a simple, secure and safe solution to open and close the abdominal wall during laparoscopic produces, closed a $3 Million growth round from B.Braun, Pirveli, VI Ventures and private investors.  

        M&A and IPOs

        • Eximo Medical, a company that develops a laser-based catheter device used for the treatment of occlusive peripheral arterial disease (PAD), was acquired by AngioDynamic Inc for $46 Million
        • Av Medical, a company that develops catheters for dialysis patients undergoing routine angioplasty procedures, was acquired by Medtronic PLC for $30 Million
        • Chameleonx, an ad-tech security startup that develops the next generation of ad serving security technology, was acquired by Akamai for $25 Million
        • Presenso, a company that develops predictive machine learning algorithms designed to anticipate industrial machine failures, was acquired by SKF for $35 Million
        • RMDY Health, a leading provider of collaborative digital therapeutics SaaS solutions for the healthcare industry was acquired by OptimizeRx for approximately $16 Million.
        • Outbrain, a leading content discovery platform that powers personalized recommendations to content at the bottom of article pages on most of the leading publisher websites online, was acquired by Taboola for $250 Million.

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

         

        Best,
        Massimo

        Massimo is an analyst in the iAngels Investment Team and brings experience in investments and asset management. Massimo is passionate about technology and innovation, meeting with the greatest minds and ideas of talented entrepreneurs looking to make an impact. At iAngels, Massimo focuses on seed and series A investments and has built special expertise around FinTech.

        iAngels Israeli Deal Digest – September 2019

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

        This September we tracked 46 announced deals totaling to $890 Million, and 3 exits totaling to $270 Million

        IT & Enterprise Software was the leading sector this month. Fundbox, a company that leverages machine learning to assess the creditworthiness of businesses, has raised $176 Million in a growth round from Allianz, Battery Ventures, Blumberg Capital, Cathay Innovation, Hanaco VC, Khosla Ventures, among many other investors. Snyk, a company providing developers with an open-source security solution, closed $70 Million led by Accel with the participation of Boldstart, Canaan Partners, Fundfire, GV and Heavybit.

        On the M&A side, we saw two larger acquisitions – Cheetah Medical and EViation. Cheetah Medical, a company that provides solutions in non-invasive Cardiac Output and Hemodynamic monitoring, was acquired by Baxter Group for $190 Million. EViation, a company that develops drones for transportation (capable of carrying up to 9 people), was acquired by Clermont Group for $76 Million (Clermont acquired 70% of the company).

         September 2019 Investment Highlights

        Seed Rounds

        • H2PRO is an iAngels portfolio company that developed a new technology to split water in unprecedented efficiency to produce green hydrogen at scale. H2PRO has received $3 Million in seed funding, led by Hyundai and with the participation of iAngels, Contrarian and Bessemer.
        • Cycode, a company that develops a source code control, detection and response platform, has raised $4.6 Million in seed funding led by YL Ventures and with the participation of private investors.
        • GK8, another iAngels portfolio company, is a cybersecurity company that develops a technology for sending secure transactions to a blockchain without the need of a network connection, designed to enhance digital asset security. GK8 has received $3.5 Million led by Marius Nacht with the participation of iAngels, Discount Capital and private investors.
        • Shapeshift, a company that develops a cross-platform gaming solution with the aim of transforming gaming and eSports viewership into a more interactive experience, has raised $2.5 Million led by North First Ventures and with the participation of Group Up Ventures and Slingshot Ventures, as well as a private investor.

        A Rounds

        • Trigo Vision, a computer vision startup offering a retail automation platform to identify customers’ shopping items with the aim of creating a seamless checkout process, closed $22 Million in Series A funding led by Red Dot Capital Partners with the participation of Hetz Ventures, Tesco and Vertex.
        • Fyllo, a company that develops a cannabis marketing platform that should allow cannabis brands and online publishers to meet compliance requirements on a large scale, has raised $16 Million in a Series A financing round co-led by JW Asset Management and K2 & Associates with the participation of GrowGeneration and TerrAscend.
        • Explorium, a data science company helping businesses to reach better data to feed into their predictive models, closed $15.5 Million in Series A funding led by Zeev Ventures with the participation of F2 Capital and Emerge.
        • Securitize, a company offering a compliance platform and protocol for issuing and managing digital securities on blockchains, including dividends, distributions and share buy-backs, has received $14 Million in a Series A financing round from Coinbase Ventures, Fenbushi Capital, Blockchain Capital, Algo Capital, Kenetic Capital, Ripple, Santander Innoventures, SPiCE VC, Tezos Foundation, among others.
        • Vital Technologies, a company that develops and markets fast-acting, pharma-class recovery beverage products for consumers, has raised $8 Million from private investors.
        • Redefine Meat, the producer of animal-free meat using industrial 3D printers, closed $6 Million in Series A funding led by CPT Capital with the participation of Hanaco VC, PHW Group and private investors.
        • Okapi, a SaaS platform that leverages crowdsourced KPIs, business know-how and automation to deliver a business performance management solution, has received $5.5 Million in a Series A financing round led by Marius Nacht with the participation of other private individuals.
        • vHive, the developer of a cloud-based AI that should enable enterprises to deploy autonomous drone hives for the acquisition, management and processing of field data, has raised $5.5 Million in a Series A financing round led by Octopus Ventures with the participation of StageOne and private investors.
        • Kovrr, a company providing insurance carriers, reinsurers and government regulators with an end-to-end platform that delivers transparent, data-driven insights that enable them to quantify and manage their affirmative and silent cyber risk exposure across insurances, closed $5.5 Million in a Series A financing round co-led by StageOne and Alma Mundi Ventures with the participation of InsurTech Israel Fund, JVP, Banco Sabadell and private investors.
        • Tastewise, a company providing a platform that analyzes billions of food data points to provide insights for restaurants, hospitality groups and food brands, has received $5 Million in Series A financing from PeakBridge Partners.
        • SolCold, the developer of a nano-technological material that reportedly cools everything under the sun without any power consumption, closed $3.5 Million from Chartered HighTech.
        • UPnRIDE Robotics, a company with the mission to develop, produce and market innovative devices for disabled people, has raised $3.4 Million in Series A funding from ToGeTher, OurCrowd, Wolfpack Ventures and private investors.
        • Strigo, a cloud-based educational platform for educating both lecture-based and hands-on training, closed $2.5 Million in Series A funding led by Hanaco VC with the participation of Greycroft and private investors.
        • Innovesta Technologies, a company that provides a dashboard for aggregated data about private companies, has received $2.7 Million in Series A financing led by GHV with the participation of Bseed and private investors.
        • Moodify, a company that develops solutions and scents to increase well-being, has raised $1.6 Million led by Next Gear Fund, Toyota AI Ventures and private investors.
        • LeO, a conversational AI platform designed for the insurance industry, closed $1.6 Million from an angel group and private investors.
        • Allerguard, the developer of a detection system that scans an entire plate of food to identify an allergen, has raised $1.5m from CoShare and eHV.
        • Sanoculis, a company that develops an alternative new surgical technique for the treatment of Glaucoma, has received $1.1 Million from DNV Capital, BioLight, AMIT and private investors.

        B Rounds

        • D-Fend, a company that provides its customers with an autonomous counter-drone perimeter security system, which automatically detects, identifies and intercepts drones, has raised $28 Million in Series B financing led by Claridge Israel with the participation of SBI and Vertex.
        • DustPhotonics, the developer and manufacturer of pluggable optical modules and solutions for data centers, enterprises and HPC applications, has received $25 Million in Series B financing led by Intel Capital with the participation of WRVI Capital and a private investor.
        • Vim is a healthcare company that aligns incentives between health plans and care providers and gives them access to the right data and technology to empower value-based care decisions. Vim closed $24 Million in Series B funding led by Optum Ventures with the participation of Sequoia, Premera and GreatPoint Ventures.
        • Syte, a company that develops image recognition software providing shopping suggestions, has raised $21.5 Million in Series B financing led by Viola with the participation of Commerce Ventures, Magma, Remagine Ventures Fund, LINE, KDC Media Fund, among several others.
        • Tulip Interfaces, the developer of a manufacturing app platform to bring the latest technological developments from the lab to the factory floor, has received $21.1 Million in Series B financing led by Vertex Ventures with the participation of Pitango, NEA, C4 Ventures and private investors.
        • Igentify, a company that develops a digital platform for genetic test providers, has raised $10.5 Million in Series B financing from OurCrowd and aMoon.
        • MetaFlow, the developer of products that are supposed to change the weight loss industry, using a technology that combines hardware, software and rich scientific basis, closed $8.5 Million in Series B financing led by NewH2, Gigi Levy-Weiss, Kaedan Capital, Unorthodox Ventures among other investors.

        Growth/Miscellaneous Rounds

        • Fundbox, a company that leverages machine learning to assess the credit worthiness of businesses, has raised $176 Million in a growth round from Allianz, Battery Ventures, Blumberg Capital, Cathay Innovation, Hanaco VC, Khosla Ventures, among many other investors.
        • Snyk, a company providing developers with an open source security solution, closed $70 Million led by Accel with the participation of Boldstart, Canaan Partners, Fundfire, GV and Heavybit.
        • Healthy.io, the creator of a smartphone application of urine analysis, offering the only FDA and CE cleared home urine test equivalent to lab-based devices, has received $60 Million in a growth round led by Corner Ventures with the participation of Aleph, Ansonia Holdings, Joy Capital and Samsung Next.
        • Body Vision Medical, a software and medical device company specializing in augmented real-time fusion imaging, AI and intra-body navigation, has raised $20 Million from ADIP, GEOC and several private investors. 
        • T-REX Analytics, a company that offers a full investment life cycle solution, offering transparency, standardization, collaboration, efficiency and access to liquidity in energy project finance and asset-backed securitization, closed $15 Million from Citi Ventures, Clean Pacific Ventures, Ecosystem Ventures, Viola, Macquarie Capital among other institutional investors.
        • PerimeterX, a company that develops security solutions to prevent automated attacks by detecting malicious web behavior, has received $14 Million from DTCP and Salesforce Ventures.
        • Agromentum (Fieldin), the provider of a field intelligence platform helping growers to manage and optimize pesticide applications, harvest activities and other critical field operations, has raised $12 Million led by Zeev Ventures with the participation from Cavallo Ventures, Gal Ventures, Germin8 Ventures, GWC Innovator Fund, Mindset Ventures and Terra.
        • Fornova, a company helping hotels making intelligence-driven decisions to manage their distribution activity, closed $7 Million from Deutsche Telekom, JAL Ventures, UnVC, Waypoint Capital, among other institutional investors.
        • CDx, a company that develops a technology to discover a new class of diagnostics tests with high sensitivity and specificity for many cancers, has raised $3 Million from undisclosed investors.

        M&A and IPOs

        • Cheetah Medical, a company that provides solutions in non-invasive Cardiac Output and Hemodynamic monitoring, was acquired by Baxter Group for $190 Million.
        • EViation, a company that develops drones for transportation (capable of carrying up to 9 people), was acquired by Clermont Group for $76 Million (Clermont acquired 70% of the company).
        • Action Item, a company that develops software for cash registers, was acquired by VeriFone Holdings for $4 Million.

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

         

        Best,
        Massimo

        Massimo is an analyst in the iAngels Investment Team and brings experience in investments and asset management. Massimo is passionate about technology and innovation, meeting with the greatest minds and ideas of talented entrepreneurs looking to make an impact. At iAngels, Massimo focuses on seed and series A investments and has built special expertise around FinTech.

        iAngels Israeli Deal Digest – August 2019

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

        This August we tracked 27 announced deals totaling to $464 Million, and 7 exits totaling to $2.6 Billion

        IT & Enterprise Software was the leading sector this month. Cybereason, a provider of endpoint protection, offering endpoint detection and response, next-generation antivirus, managed monitoring and IR services, has received $200 Million in a growth financing round led by Softbank. AU10TIX, a developer and implementer of automated capture solutions, authentication, validation and generation of digital records for identifying documents such as passports, identity cards, driving licenses, etc.,  has received $60 Million in a Series A financing round from TPG Growth.

        On the M&A side, we saw two large acquisitions – ClickSoftware Technologies and Corindus. ClickSoftware Technologies, a provider of workforce and service management software products and solutions, was acquired by Salesforce for $1.35 Billion. Corindus, a company developing and commercializing remote robotic systems for interventional procedures, was acquired by Siemens Healthineers for $1.1 Billion.  

        August 2019 Investment Highlights

        Seed Rounds

        • AntiShock, a medical device startup which utilizes state-of-the-art technology to develop non-invasive continuous monitoring devices assessing the flow in blood vessels to help  physicians optimize administered fluid dosage in a personalized fashion, has received $2.1 Million in seed funding, mostly from Israel’s Innovation Authority granting $1.8 million.  
        • MyPart, an AI-driven gaming platform allowing for instant discovery of songwriting talent from around the globe and maximizing revenue for music publishers by pinpointing long forgotten gems in their catalogs, has received $1.3 Million in seed funding, mostly from Abbey Road Red Accelerator. 
        • Tulou, a provider of smart solutions to transform products into shared services within the building in order to encourage responsible consumption, promote energy efficiency and reduce the cost of living in the city, has received $0.75 Million in seed funding with the participation of private Investors, among them MIT Sloan.
        • Veoli, the developer of a unique inhaler that enables patients to consume cannabis oil in an accurate dosage has received $0.65 Million in a Seed funding round participated by Sanara Ventures and Merchavia Holdings.
        • CivDrone, a construction tech startup aiming to revolutionize land surveying by using a custom-made staking mechanism controlled by autopilot algorithm and data management software, has received  $0.5 Million in seed funding, led by FF Venture Capital. 
        • MDI Health, a provider of an AI powered platform allowing decision support tools for personalized drug treatments, has received $0.5 Million in seed funding from Jumpspeed and other private investors.

        A Rounds

        • AU10TIX, a developer and implementer of automated capture solutions, authentication, validation and generation of digital records for identifying documents such as passports, identity cards, driving licenses etc.,  has received $60 Million in a Series A financing round from TPG Growth.
        • Homeis, a developer of a software platform that assists immigrants, has received $12 Million in a Series A financing round co-led by Spark Capital and Canaan Partners. 
        • SofWave, a developer of an ultrasound technology platform for non-invasive skin tightening treatment closed $8.4 Million in a Series A financing round co-led by Shimon Eckhouse and  XT Hi-Tech Investments. 
        • Rookout, a provider of debugging solutions that collects data on-demand from live codes and pipelines them immediately to any destination, such as alerting and monitoring tools, has received $8 Million in a Series A financing round led by Cisco Investments. 
        • Anzu, an in-game advertising platform that brings ads into video gaming and esports, closed $6.5 Million in a Series A financing round led by BITKRAFT Esports Ventures. 
        • Salaryo, a company allowing workspaces being more accessible for tenants by avoiding traditional office security deposits, has received $5.5 Million in a Series A financing round with the participation of Michael Ullmann.
        • Versatile Natures, a provider of a patent-pending AI and IoT platform which supports construction managers with real-time, actionable insights, closed $5.5 Million in a Series A financing round led by Robert Bosch Venture.
        • Airbud, a voice platform that allows enterprises to easily add voice capabilities to their websites and mobile apps, has received $4 Million in a Series A financing round led by Hanaco VC. 
        • TriEye, a startup that developed an HD shortwave infrared (SWIR) camera solving the low-visibility challenge for ADAS and AV, has received $2 Million in Series A funding led by Porsche Ventures.
        • BC Bike, the provider of an electric-hydraulic drive-train system with continuous and automatic transmission which creates a smooth riding experience, has received $1.4 million in a Series A funding round  led by Fundit (an Angel Club / Group).
        • Ginger Bit, the provider of a custom-tailored international travel insurance for Hi-Tech companies and employees in Israel and abroad, has received  $1.3 Million in a Series A financing round from Private Investors. 
        • Comunix (Pokerface), the developer of an all-in-one video, voice, and text chat technology for game companies,  has received  $1 Million from private investors. 
        • Convizit, the provider of an autonomous insight-generation solution which enables companies to easily leverage behavioral data for tangible business benefits, has received  $1 Million in Series A funding led by Pitango. 

        B Rounds

        • Zendrive, a provider of actionable insights that improve safety for passengers and drivers by leveraging mobile sensors data, has received $37 Million in a Series B funding round led by XL Innovate. 
        • MDClone, a provider of a new healthcare data paradigm, enabling fast and direct access to healthcare data while fully protecting patient’s privacy, has received $26 Million in Series B funding led by aMoon. 
        • Axonius, a cybersecurity asset management platform that provides organizations with complete visibility and automated policy validation on all assets, devices, and users, closed $20 Million in a Series B funding round led by OpenView.
        • CropX, an ag-analytics company that has developed an advanced adaptive irrigation service, which automatically optimizes irrigation, thereby delivering crop yield increases and water and energy cost savings to farms, has received $10 Million in a Series B funding round with the participation of OurCrowd, Germin8 Ventures, Finistere Ventures and others. 

        Growth/Miscellaneous Rounds

        • Cybereason, a provider of endpoint protection, offering endpoint detection and response, next-generation antivirus, managed monitoring and IR services, has received $200 Million in a growth round led entirely by Softbank Group.
        • JoyTunes, a provider of an app which combines education methods and sound recognition with a patented MusicSense Acoustic Engine (making it easier to learn how to play musical instruments), has received $25 Million in a Series C funding round led by Qumra Capital. 
        • WSC Sports, a provider of an innovative workflow automation solution for sports media-right owners (and iAngels portfolio company), has received $23 Million in a Series C financing round led by O.G. Tech Ventures with the participation of iAngels.
        • Weebit Nano, a provider of a memory technology of flash through innovative sources, has received $1.7 Million funding from private investors. 

        M&A and IPOs

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

         

        Best,
        Massimo

        Massimo is an analyst in the iAngels Investment Team and brings experience in investments and asset management. Massimo is passionate about technology and innovation, meeting with the greatest minds and ideas of talented entrepreneurs looking to make an impact. At iAngels, Massimo focuses on seed and series A investments and has built special expertise around FinTech.

        iAngels Israeli Deal Digest – July 2019

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

        This July we tracked 37 announced deals totaling $1.4B, and 5 exits totaling $259M.

        IT & Enterprise Software was the leading sector this month. Compass, a tech-driven real estate platform that uses technology to aid agents and clients in finding a place to live, has completed a $370 million growth round from the Canada Pension Plan Investment Board (CPPIB), Dragoneer Investment Group LLC, the Qatar Investment Authority (QIA), 406 Ventures, Advance Publications, Fidelity, Founders Fund, Goldman Sachs, IVP, Lead Eagle Capital, Thrive Capital, Wellington Management, and Softbank Vision Fund. Lightricks, a company that creates leading creativity tools for the mobile generation including the company’s first two paid products, Facetune and Enlight, has closed a $135 million Series C funding round led by Goldman Sachs Private Capital Investing group with the participation of Carmel IV, ClalTech, and Insight.

        On the M&A and IPO side, we saw one large acquisition, Elastifile, and one IPO, Eco Wave Power. Elastifile, a company that augments cloud capabilities with enterprise-grade, scale-out file storage and allows enterprises to leverage cloud resources without refactoring applications, was acquired by Google for $200 million. Eco Wave Power, a company that developed a technology for turning ocean and sea waves into green electricity, raised $13.6 million in its initial public offering on the Nasdaq First North, a division of the Nasdaq Nordic stock exchange.

        July 2019 Investment Highlights

        Seed Rounds

        • Tamar Robotics, a life sciences startup that is developing robots to assist neurosurgeons in the operating room, has raised $2.8 million from Mivtach Shamir with participation from Israeli research university Technion Israel Institute of Technology.
        • Rightbound, an IT & Enterprise Software company that develops technology facilitating automation and streamlining of sales processes between organizations and companies, received $2 million in seed funding from the IBI Tech Fund.
        • Env0, a startup that enables users to create their own environment in a cloud account, won the TMTI conference investment of $0.25 million in seed funding from TAU Ventures Fund, Tel Aviv University’s venture capital fund.

        A Rounds

        • UVEye, a computer vision startup that specializes in the design and building of camera inspection systems for vehicles, has raised $31 million in a Series A Financing round co-led by Toyota Tsusho, Volvo Cars and W. R. Berkley Corporation with the participation of SeedIL, FIT Ventures, and Ahaka.
        • Juganu, a startup that provides a technology for the professional LED market, including performance LED lighting modules and complete LED smart lighting systems, has completed a $23 million Series A funding round led by Viola with the participation of OurCrowd, BM Holdings, Mordechai Ben-Schach, Armada Investments, and private investors.
        • DUST Identity, a startup that created the Diamond Unclonable Security Tag (DUST), a technology utilizing nano-engineered diamonds to create an unclonable identity layer on any object, has closed a $10 million Series A round led by KPCB with the participation of Airbus Ventures, Angular, Castle Island, Lockheed Martin Ventures, Nathan Kaiser, and New Science Ventures.
        • Smartair, a travel tech startup that created an online marketplace connecting travel suppliers (airlines, hotels, car rentals and local attractions and activities) with travelers who can plan, customize & book their trip in one single platform, has closed a $6 million Series A round led by Talma Travel, with the participation of Alpha Capital and other undisclosed VC funds.
        • Shieldox, a startup with an AI autonomous Policy Decision Point (PDP) that protects shared sensitive documents, has completed a $4 million Series A funding round with Marius Nacht, Club 100 Plus, Eldad Weiss, Keiretsu Forum, and Yoav Chelouche.
        • Polyrize, a cybersecurity startup that helps enterprise security organizations to regain control of the public cloud, has closed a $4 million Series A round led by Glilot Capital with the participation of Saban Ventures Fund.
        • MetoMotion, a clean tech startup that develops a robotic system for labor-intensive tasks in greenhouses, has raised $1.5 million in a Series A financing round with Ariel Bentata and other private investors.
        • Liberdi, a life sciences startup that is developing an all-in-one portable dialysis solution, comprised of hardware and software, providing scalable digital and safe self-care anywhere with remote medical supervision, has raised $1.13 million in a Series A Financing round from ExitValley.
        • Emerj, a startup that helps organizations fight attrition and supercharge their employees with skills and opportunities to drive growth through peer-to-peer learning, has raised $0.8 million in a Series A Financing round with 12Angels Fund, Fiona Darmon, Fusion LA, Garrett Gilbertson, Inbal Shenfeld, Zion Halfon, and other private investors.

         B Rounds 

        • Curve 1, a fintech startup that combines a person’s cards into one card to make the payment and banking process easier, has closed a $55 million Series B round led by Gauss Group with the participation of Breega Capital, CreditEase, IDC Ventures, Outward VC, Santander Innoventures, Seedcamp, and Speedinvest.
        • enSilo, a startup that protects businesses around the world from data breaches and disruption caused by cyber-attacks, has completed a $23 million Series B funding round from Carmel, Counterview Capital, Lightspeed, OG Tech, and Rembrandt Venture Partners.
        • Lendbuzz, a startup that uses Big Data analytics to improve access to credit for international students and professionals living in the US, especially for car loans, has raised $20 million in a Series B Financing round from 83North, Suhel Kothari, and private investors.
        • Vcita, a startup with an all-in-one business management app for small businesses, has raised $15 million in a Series B Financing round led by Forestay with the participation of ADIP, Darya, NetMe, and private investors.
        • Lightico, a startup that developed an innovative mobile communication center that empowers customer experience and leads digital service, support and sales teams to success, has raised $14.5 million in a Series B Financing round led by Mangrove Capital Partners with the participation of Crescendo Venture Partners, Lool Ventures, and Spinach Angels.
        • Belong.life, a startup that provides a social network for cancer patients and caregivers to help manage and fight cancer more effectively, has completed a $14 million Series B funding round led by IQVIA with the participation of Eshbol, Harel Prag, The Group Ventures, and private investors.
        • K Health, a life science startup that uses data to empower people to make informed health decisions by utilizing AI to give people immediate answers to ensure quality healthcare, has completed a $12.5 million Series B funding round from Mangrove Capital Partners, Lerer Hippeau, Primary Venture Partners, BoxGroup, Max Ventures, Bessemer Venture Partners, and Comcast Ventures.
        • Hello Heart, a life science startup that develops a device that tests blood pressure and blood sugar levels and helps patients monitor their health, drug intake, and physical exercise through a mobile app (and iAngels portfolio company), has raised $12 million in a Series B Financing round led by Khosla Ventures with the participation of Amicus Capital, Arab Angel, Arba, BlueRUn, CapitalG, Datalogix, Facebook, Franklin Trust, iAngels Crowd, Maven Ventures, Resolute Ventures, Wanxiang Healthcare Investments, and WTI.
        • Minute.ly, a startup with an AI-driven video enhancement solution, offering a set of tools that empower content creators and publishers, has closed an $8 million Series B round led by Infront with the participation of Gadi Veinrib, Gilad Shabtai, and private investors.

        Growth/Miscellaneous Rounds

        • Compass, a tech-driven real estate platform that uses technology to aid agents and clients in finding a place to live, has completed a $370 million growth round from the Canada Pension Plan Investment Board (CPPIB), Dragoneer Investment Group LLC, the Qatar Investment Authority (QIA), 406 Ventures, Advance Publications, Fidelity, Founders Fund, Goldman Sachs, IVP, Lead Eagle Capital, Thrive Capital, Wellington Management, and Softbank Vision Fund.
        • Lightricks, a company that creates leading creativity tools for the mobile generation including the company’s first two paid products, Facetune and Enlight, has closed a $135 million Series C funding round led by Goldman Sachs Private Capital Investing group with the participation of Carmel, ClalTech, and Insight.
        • Lendbuzz, a startup that uses Big Data analytics to improve access to credit for international students and professionals living in the US, especially for car loans, has raised $130 million in a debt financing round led by BHI, the U.S. division of Israel-based Bank Hapoalim, with participation from Viola credit V, ConnectOne Bank, and Israel Discount Bank New York (IDB).
        • Hippo Insurance Services, a company that is looking to reduce the time and money spent on home insurance and allows users to obtain coverage for modern households, has raised $100 million in a Series D financing round led by Bond Capital with the participation of Broad Beach Ventures, Comcast Ventures, Felicis Ventures, Fifth Wall, GGV Capital, Hillhouse Capital, Horizons Ventures, HSB Ventures, ICONIQ Capital, Lennar, Moderne Ventures, Pipeline Angels, Propel Venture Partners, RPM Ventures, Standard Industries, Zeev Ventures and 7 private investors.
        • Trax, a company that provides computer vision solutions and analytics for retail, has completed a $100 million Series D funding round led by HOPU with the participation of Boyu Capital, Broad Peak Master Fund, DC Thomson, GIC, Investec, Warburg Pincus, and private investors.
        • Menlo Security, a company that provides a cloud-based isolation platform that protects organizations from cyber attacks by eliminating the threat of malware from websites, documents and emails,  has raised $75 million in a Series D financing round from American Express, Baruch Future Ventures, Engineering Capital, Ericsson Ventures, General Catalyst, HSBC Group, JP Morgan, Osage University Partners and Sutter Hill Ventures.
        • Graduway, an alumni software provider that provides institutions a way to engage their alumni, students, and supporters through a powerful platform – to enable them to connect with each other, has raised $60 million in a Series C financing round led by K1 Investment Management with participation of BTG Pactual, Elevator Ventures, Massa Innovations, RSL Venture Partners, Susquehanna and a private investor.
        • TravelPerk, a web-based tool for travellers that manages travel policies, budgets and payment methods as well as customer support services, has raised $60 million in a Series D financing round led from Amplo, CBi2 Capital, DST Global Solutions, Felix Capital, Heartcore Capital, Innuvik Ventures, Kinnevik AB, Latitude, LocalGlobe, Spark Capital, Sunstone Capital, Target Global, and 9 private investors.
        • BigID, a company that developed software to help companies secure their customer data and satisfy privacy regulations like GDPR, has raised $50 million in Series C financing round co-led by Boldstart and Comcast Ventures with participation from ClearSky Fund, Deep Fork Capital, Genacast Ventures, Information Venture Partners, SAP.iO and Scale VP.
        • BiondVax, a publicly-traded biopharmaceutical company developing a Universal Flu Vaccine that provides multi-season and multi-strain protection against all human influenza virus strains, both seasonal and pandemic, completed a $20 million PIPE with aMoon Partners Fund.
        • TrapX, a cybersecurity company that  provides clients with a solution that detects, deceives and defeats cyber-attacks and human attackers in real-time, has raised $18 million in a Series D financing round led by Ibex Israel Fund with the participation of BRM Group, Intel Capital, Liberty Israel, Opus Capital, and Strategic Cyber Ventures. 
        • Blender, a global e-lending platform that provides multi-continental and cross-border lending services, has raised $17 million in a debt financing round led by Eiffel Investment Group SAS.
        • P-cure, a company concerned with expanding the availability of proton therapy and hence the treatment of certain cancers by developing an imaging-based solution for treatment with protons and a delivery system that enables the use of fixed beam, technologies for treatment of various cancer indications, has raised $15 million in a Series D financing round led by Popular Line Medical Group with the participation of Everett Partners, Lions Peak, StartVest and a private investor.
        • Foamix, a pharmaceutical company that develops and commercializes topical drugs for dermatological therapy, closed a $14 million PIPE with Perceptive Advisors and Orbimed Israel.
        • TradAir, a company offering FX and crypto trading solutions for banks and brokers, has raised $11 million in a Series D financing round from Carmel Ventures, Genesis Partners, GF Investments, Insight, Long Ridge, Viola Credit, and a private investor.
        • Blender, a global e-lending platform that provides multi-continental and cross-border lending services, has closed a $5 million Series C round led by Asia Plus Group Holdings with the participation of Allied Holdings, Blumberg Capital, Doron Aviv, Eti Langermann, Fattal, Lahav Mezzanine Fund, OBV, Psagot, and private investors.

        M&A and IPOs

        • Elastifile, a company that augments cloud capabilities with enterprise-grade, scale-out file storage and allows enterprises to leverage cloud resources without refactoring applications, was acquired by Google for $200 million.
        • ADT, a semiconductor company that develops and produces blades and machinery for the dicing of silicon-based integrated circuits, package singulation, and hard material microelectronic components, was acquired by Neng Yang, a Chinese investment fund, for $35 million.
        • Eco Wave Power, a company that developed a technology for turning ocean and sea waves into green electricity, raised $13.6 million in its initial public offering on the Nasdaq First North, a division of the Nasdaq Nordic stock exchange.
        • PAI-Tech, an internet company that provides a development platform and a marketplace where everyone can develop, sell and buy decentralized apps, was acquired by Horizons Holdings, a US private investment firm focused on buying unique independent companies, for $8.8 million in Stock.
        • Baligam, a social buying website for lifestyle products that struggled with debt issues was acquired by GROO, a social website for discount purchasing, for about $1.3 million (NIS 4.6 million).

         

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

         

        Best,
        Massimo

        Massimo is an analyst in the iAngels Investment Team and brings experience in investments and asset management. Massimo is passionate about technology and innovation, meeting with the greatest minds and ideas of talented entrepreneurs looking to make an impact. At iAngels, Massimo focuses on seed and series A investments and has built special expertise around FinTech.

        iAngels Israeli Deal Digest – June 2019

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

        This June we tracked 31 announced deals totaling $981M, and 5 exits totaling $207M.

        IT & Enterprise Software was the leading sector this month. TripActions, a technology-enabled corporate travel management platform, raised $250 million in a Series D financing round led by Andreessen Horowitz with the participation of Group 11, Lightspeed, and Zeev Ventures. SentinelOne, a company that delivers autonomous endpoint protection through a single agent that prevents, detects, responds and hunts attacks on-premise and cloud environments, raised $120 million in a Series D financing round led by Insight with participation of NextEquity, Redpoint Ventures, Samsung Ventures, SineWave Ventures, Sound Ventures, Third Point Ventures, Tiger Global, UpWest, Westly Group, Granite Hill, Data Collective, Accel and a private investor.

        On the M&A and IPO side, we saw one large acquisition, Creso Pharma, and one large IPO, Fiverr. Creso Pharma, a public company that provides cannabis-derived therapeutic grade nutraceutical products, developing, registering, and commercializing pharmaceutical-grade cannabis and hemp-based products and treatments, was acquired by PharmaCielo for $85 million. Fiverr, a marketplace for creative and digital services, such as graphic design, copywriting, voiceovers, and music and film editing, raised $110 million in its initial public offering on the New York Stock Exchange.

        June 2019 Investment Highlights

        Seed Rounds

        • Orca Security, a start-up developing a technology which provides full-stack visibility into all organizational assets, including the cloud infrastructure level, operating systems, applications and data, and vulnerabilities, malware and compromised assets detection, received $6.5 million in seed funding led by YL Ventures GP with the participation of two private investors.
        • Simpo, a SaaS engagement platform, which provides companies with embeddable apps with built-in insights engine that let PMs track, adjust, and optimize their user’s experience, received $4.5 million in seed funding led by Redpoint Ventures with the participation of Janvest Capital Partners,  Seedcamp, UpWest Labs Fund, and two private investors.
        • Hoopo, a start-up developing a GPS-independent geological solution for IoT networks & sensors, received $3.5 million in seed funding from TAU Ventures Fund, Japan Israel High Tech Ventures and Global IoT Technology Ventures (GiTV).

        A Rounds

        • Cellebrite, a digital intelligence solutions company, has raised $110 million in a Series A financing round with IGP, a private equity fund.
        • AnyVision, a company that develops software capable of real-time face and object recognition within large crowds, has closed a $31 million extended Series A round. DFJ Growth, Eldridge Industries, Lightspeed, M12, OG Tech, Qualcomm Ventures, and Robert Bosch Ventures all participated in the most recent Series A round.
        • Neuroblade, a company that develops processors for artificial intelligence applications, has raised $23 million in a Series A financing round led by Marius Nacht, with the participation of Grove Ventures Fund, Intel Capital, Rami Lipman, Stage One, and private investors.
        • GuardKnox, an automotive cyber-solutions company providing comprehensive cyber defense for connected and autonomous vehicles, has completed a $21 million Series A funding round led by FMC capital, with the participation of Allied Holdings, CyberTech International, Faurecia, Glory Ventures, Kardan N.V., NextLeap Ventures, Plug & Play, SAIC Venture Capital, Shay Livnat, VectoIQ, and private investors.
        • Fireblocks, a startup that finds a way to securely transfer digital assets, has completed a $12 million Series A funding round co-led by Eight Roads and Tenaya, with the participation of Amichai Shulman, CyberStarts Fund, Gil Mandelzis, Marius Nacht, MState, Nir Zuk, Shlomo Kramer, Swisscom Ventures, and private investors.
        • Vulcan Cyber, a startup that provides a continuous vulnerability remediation solution, has completed a $10 million Series A funding round led by TenEleven Ventures with participation from Giora Yaron, Glenn Chisholm, Idan Plotnik, Michael Boodaei, YL Ventures, and private investors.
        • Quik, a food delivery company that allows customers to order groceries to their house, received $10 million in Series A funding from Central Bottling Company (Coca Cola), Super Pharm, and Union Tech Venture.
        • Variantyx, providing genome testing services to clinicians for collaborative diagnosis of rare inherited disorders, received $7 million in a Series A funding round from Pitango.
        • CybeReady, a startup with a platform that provides customers training on phishing and cybersecurity, received $5 million in a Series A funding round funded by Baseline Ventures.
        • Indorz, a company with a CEA (Controlled Environment Agriculture) farming solution, has raised $1.4 million in a Series A financing round with participation from Fundit and private investors.
        • Cannova, a startup that develops a strip for oral administration of active cannabis substances to allow producers to more effectively control dosage quantities and safety in the delivery of cannabinoid products, has raised $1 million in a Series A financing round from Nabis Holdings.

         B Rounds 

        • InFarm, an indoor urban farmingcompany dedicated to provide urban communities with fresh, nutritious produce, by distributing smart vertical farms throughout the city, directly where people live and eat, has raised $100 million in a Series B financing round led by Atomico with participation of Archimedes Labs, Astanor Ventures, Atlantic Food Labs, Balderton Capital, Cherry Ventures, IDEO, LocalGlobe, Mons Investments, Quadia, and TriplePoint.
        • DayTwo, a Microbiome-Base Precision Medicine company, developing personalized nutrition, diagnostic, and therapeutic solutions using artificial intelligence and machine learning, has raised $31 million in a Series B financing round led by aMoon partners fund with participation of Johnson & Johnson Innovation, Seventure Partners, Mayo Clinic Initiative, Ofek Ventures Fund, and three private investors.
        • Sunbit Payment Software, a company that has developed a payment solution for retailers to split a purchase into multiple payments, enabling its customers to pay over time using a personalized payment plan, has raised $26 million in a Series B financing round led by Zeev Ventures with participation of Chicago Ventures, G-Bar Ventures, Group 11, Heroic Ventures, Levy Family Partners, Skydeck and three private investors.
        • BrightWay Vision (BWV), a company that is developing a night-vision technology that monitors a car’s forward facing vehicle’s environment, aiding the driver, with assistance from the active safety systems to make driving at night safer, has raised $25 million in a Series B financing round co-led by Koito and Magenta Venture Partners Fund with participation of Manor Family, Lubinski Group, and Elbit Systems.
        • DouxMatok, a food-tech company that offers sugar and salt reduction solutions to the Food and Beverages industry, reducing sugars and salt by 40% in multiple applications while retaining identical taste and sensory profiles, has raised $22 million in a Series B financing round led by BlueRed Partners with the participation of Btov Partners, DSM Venturing, Foodlab Capital, Gefen Capital Fund, Gil Horsky, Jesselson, JLL Partners, JVP Venture Partners, La Maison, OurCrowd, Pitango Ventures, Singha Ventures, Sudzucker, and two private investors.
        • Iron Scales, a company that has created an anti-phishing threat protection platform combining human and machine intelligence to automatically analyze, detect and remove malicious emails before and after landing in an inbox, has raised $15 million in a Series B financing round led by K1 Investment Management.
        • Cylus, a company that has developed a cybersecurity software to detect and control rail incidents and service disruptions caused by cyber-attacks, has raised $12 million in a Series B financing round led by Magma Venture Partners and Vertex Israel Fund, with the participation of The Blue Minds Company, SBI Japan-Israel Innovation Fund, Follow the See, Cyient, Cerca Fund and two private investors.
        • Testim, a company that uses AI for the authoring, execution and maintenance of automated tests, has raised $10 million in a Series B financing round led by SignalFire with the participation of Spider Capital, Lightspeed, Meron  Capital Fund, NHN, Spider Capital and TEEC Angel Fund.

        Growth/Miscellaneous Rounds

        • TripActions, a technology-enabled corporate travel management platform, has raised $250 million in a Series D financing round led by Andreessen Horowitz with the participation of Group 11, Lightspeed, and Zeev Ventures.
        • SentinelOne, a company that delivers autonomous endpoint protection through a single agent that prevents, detects, responds and hunts attacks on-premise and cloud environments, has raised $120 million in a Series D financing round led by Insight with participation of NextEquity, Redpoint Ventures, Samsung Ventures, SineWave Ventures, Sound Ventures, Third Point Ventures, Tiger GLobal, UpWest, Westly Group, Granite Hill, Data Collective, Accel and Ashton Kutcher.
        • MinuteMedia, a company that is developing products that enable fans to create, publish, share and distribute sports content around the world, received $40 million in a Series F financing round with participation from Battery Ventures, Dawn Capital, Gemini Israel, Goldman Sachs, Hamilton Lane, Kreos Capital, La Miason, Maor, North Base Media, Qumra Capital, Remaigne Ventures Fund, Seven Ventures, and Vintage Investment Partners.
        • Innoviz, a company that manufactures high-performance, solid state LiDAR sensors and perception software that enables the mass production of autonomous vehicles, has raised $38 million in a Series C financing round led by undisclosed investors.
        • Camtek, a manufacturer of metrology and inspection equipment and a provider of software solutions serving the Advanced Packaging, Memory, CMOS Image Sensors, MEMS, RF and other segments in the Semiconductors industry, completed a $16.2 million PIPE from Chroma.
        • ReWalk Robotics, a company that develops, manufactures and markets wearable robotic exoskeletons for individuals with lower limb disabilities as a result of spinal cord injury or stroke, has completed two PIPEs, the first in the size of $10.8 million and the other in the size of $5 million by undisclosed investors. 
        • Cyber Observer, a company that delivers a cybersecurity management and awareness solution that provides CISOs and executives with a view of their current cybersecurity posture, revealing the security gaps that exists and delivering continuous proactive recommendations, received $8 million in a Series C financing round led by Merlin International with the participation of Moonbow, Swarth Group, Tails Capital and Private Investors.
        • Else Nutrition, a food and nutrition company, focused on research, development, manufacturing, marketing sal and license of plant-based food and nutrition products to the infant, toddler, children and adult market, closed a $5.7 million PIPE with undisclosed investors on the Toronto Stock Exchange Ventures.

        M&A and IPOs

        • Fiverr, a marketplace for creative and digital services, such as graphic design, copywriting, voiceovers, as well as music and film editing, raised $110 million in its initial public offering on the New York Stock Exchange.
        • Creso Pharma, a public company that provides cannabis-derived therapeutic grade nutraceutical products, developing, registering and commercializing pharmaceutical-grade cannabis and hemp-based products and treatments, was acquired by PharmaCielo, a Canadian supplier of grown and processed medicinal-grade cannabis oil extracts, for $85 million.
        • CoolaData, a behavioral data analytics platform to help businesses optimize customer management and lead to actionable insights, was acquired by Medallia, an enterprise customer feedback management software platform, for $7.6 million.
        • Cannabliss, an Israeli manufacturer of consistent and smoke-free medical cannabis products, was acquired by Together Pharma, a company focused on growing, exporting, and distributing medical cannabis, for $3.9 million.
        • QM7, a private company that has developed a management tool for companies to keep track of all the most frequent activities and tasks delivered to members across the organization, was acquired by Top Group, an advanced software solutions and computer services company, for $0.67 million.

         

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        Best,
        Massimo

        Massimo is an analyst in the iAngels Investment Team and brings experience in investments and asset management. Massimo is passionate about technology and innovation, meeting with the greatest minds and ideas of talented entrepreneurs looking to make an impact. At iAngels, Massimo focuses on seed and series A investments and has built special expertise around FinTech.