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.

 

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 – May 2019

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

This May we tracked 23 announced deals totaling $485M, and 13 exits totaling $2B.

IT & Enterprise Software was the leading sector this month. Exabeam, a company that empowers enterprises to detect, investigate, and respond to cyber attacks, raised $75m in a Series E financing round co-led by Lightspeed and Sapphire Ventures, alongside Aspect Ventures, Cisco Investments, NVP, and a private investor. Guardicore, a data center and cloud security solution that protects an organization’s core assets, completed a $60m growth round led by Qumra Capital, with the participation of Battery Ventures, Cisco Investments, ClalTech, DTCP Fund, EMC Ventures, Greenfield Partners, Greylock Israel, Partech, and TPG Growth.

On the M&A side, we saw three large acquisitions including SafeCharge, Twistlock, and LiveU. Safecharge, providing global omnichannel payments services from card acquiring and issuance to payment processing and checkout, underpinned by advanced risk management solutions, was acquired by Nuvei for $890m. Twistlock, a leading provider of container and cloud-native cybersecurity solutions, was acquired by Palo Alto Networks for $410m. LiveU, a company that produces technology for television broadcasters to enable live video links via wireless cellular networks, was acquired by Francisco Partners Management and Israel Growth Partners for $200m.

May 2019 Investment Highlights

Seed Rounds

  • Veego, developing a technology that can identify, understand, and resolve errors and malfunctions in edge/remote devices, routers and hubs as well as in the connected home ecosystem, received $5 million in seed funding led by State of Mind Ventures with the participation of the Corporate VC, Robert Bosch Ventures, and from North First Ventures.
  • Intello, an end-to-end SaaS optimization platform, which provides companies with real-time visibility into their software spend and data usage, ultimately saving money on wasted subscriptions and surfacing automated recommendations, received $2.5 million in seed funding led by Resolute Ventures with the participation of Magnetico Ventures and some private investors.

A Rounds

  • TriEye, a startup that is developing a SWIR (Short Wave Infra Red) sensing solution for self-driving cars, which enables low-cost night vision and extreme weather sensing, has completed a $17 million Series A funding round led by Intel Capital with the participation of Grove Ventures Fund, and a private investor.   
  • Sadé Group, a full-vertical pharmaceutical cannabis company, has raised $14 million in a Series A financing round led by Ori Yehudai, with the participation of other private investors.
  • Aleph Farms, a company that aims to lead the Cellular Agriculture revolution, starting with clean, healthy and ethical bovine cultured meat, has raised $12 million in a Series A financing round led by VisVires New Protein (VVNP), with the participation of Stray Dog Capital, Peregrine, New Crop Capital, the Corporate VC, Cargill Ventures, CPT Capital, T3 Technion Technology Transfer, and private investors.
  • MultiVu, a startup that is developing a single sensor 3D imaging solution, received $7 million in a Series A financing round led by  Junson Capital with the participation of OurCrowd, Cardumen Capital, the Technology Innovation Momentum Fund.
  • Hunters.AI, a cybersecurity company that combines its Attack Intelligence, Hunting AI, and Continuous Automation with the enterprise’s existing security data to transform enterprise threat hunting, has closed $5.4 million in a Series A financing round co-led by Blumberg Capital and YL Ventures with the participation of several private investors.
  • Voom, a startup that has built an AI-driven InsurTech platform that allows for the effective creation of new insurance products for mobility, creating an on-demand, telemetry-based insurance solution for the emerging drone industry, has closed $5 million in a Series A financing round led by Arbor Ventures with the participation of F2 Capital Fund, a few Corporate Ventures such as AXA Venture Partners, Liberty Mutual and Verizon Ventures along with several private investors.
  • Torii Labs, a company that develops a cloud-based SaaS management platform intended to help IT managers discover, audit and control SaaS apps, used by employees, has raised $3.5 million in a Series A financing round led by Uncork Capital, with the participation of Entrée Capital Israel, Global Founders Capital, LocalGlobe and a few private investors.
  • Mappo World, providing a technology that allows users to map content leveraging location-based services, has raised $0.26 million in a Series A financing round from private investors via ExitValley.

B Rounds

  • Ayala Pharmaceutical, a clinical stage precision oncology company dedicated to developing targeted therapies for people living with genetically-defined, underserved cancers, has raised $30 million in a Series B financing round led by Novartis, with the participation of aMoon, Harel Insurance Group, Israel Biotech Fund, and SBI Japon-Israel Innovation Fund.
  • Pi Therapeutics, a preclinical-stage pharmaceutical company dedicated to the development of protein degradation modulators for the treatment of cancer, with drug modulates pathways related to proteostasis, has closed $19.7 million in a Series B financing round led by Pontifax with the participation of Arkin Bio Ventures Fund, CBG Asset Management, Consensus Business Group, GF Securities, OrbiMed Israel, Quark, and RMGP Biopharma Fund.
  • Equalum, a company that has developed a Data Beaming platform, capable of instantly teleporting operational data from any source to real-time analytics environments, built for scalability and ease of use, has raised $18 million in a Series B financing round led by Planven Investments Digit with the participation of GE Ventures, Innovation Endeavours, United Ventures and several private investors.
  • Percepto Robotics, a startup that helps to integrate the use of autonomous drones capable of performing multiple security, safety, and inspections missions, providing companies with improved security, decreased safety risks and reduced operation costs, received $15 million in a Series B financing round led by USVP with the participation of Ataria, Beast Ventures, Courtside Ventures, Elevator Ventures, Emerge Fund, QB1 Ventures, R&R Venture Partners, Spider Capital, along with Corporate VCs such as Hyundai Cradle and NHN and two private investors.
  • TechsoMed Medical Technologies, a company that is developing ultrasound based real-time monitoring systems for thermal ablation procedures for tumor destruction, heart arrhythmia, blood pressure treatments and more, solving the high failure rate of these minimally invasive and cost-effective procedures, has raised $2.6 million in a Series B financing round led by Johnson & Johnson, with the participation of AMIT (Alfred Mann Institute at the Technion), Axil Capital, NextLeap Ventures, Screen Holdings and several private investors.

Growth/Miscellaneous Rounds

  • Exabeam, a company that empowers enterprises to detect, investigate, and respond to cyber attacks, received $75 million in a Series E financing round co-led by Lightspeed and Sapphire Ventures, alongside Aspect Ventures, Cisco Investments, NVP, and a private investor, Schlomo Kramer.
  • Guardicore, a data center and cloud security solution that protects an organization’s core assets, completed a $60 million growth round led by Qumra Capital, with the participation of Battery Ventures, Cisco Investments, ClalTech, DTCP Fund, EMC Ventures, Greenfield Partners, Greylock Israel, Partech, and TPG Growth.
  • Logz.io, a company offering an open-source log analytics platform, as a predictive, enterprise-grade SaaS, powered by machine-learning algorithms, providing real-time access to insights based on the collaborative knowledge of DevOps professionals around the world, has received $52 million in a growth round led by General Catalyst, 83North, Giza, Greenspring Associates, OpenView, Vintage Fund and the Corporate VC, next47.
  • Talkspace, a telehealthcare company that connects users with a network of over 5,000 licensed dedicated therapists through an easy-to-use web and mobile platform, providing psychiatry services, including prescription fulfillment, adolescent therapy and couples counseling, has closed a $50 million Series D funding round led by Revolution Growth, with the participation of Compound, Firstime, Group 11, La Maison, NVP, Qumra Capital, Softbank Capital, Spark Capital.
  • WekaIO, a company that develops software that manages the way data is stored and managed on data center infrastructure, in the cloud or on-premises, has raised $31.7 million in a Series C financing round co-led by Qualcomm Ventures and NVIDIA GPU Ventures with the participation of other Corporate VCs such as HP Tech Ventures and Western Digital Capital, along with NVP, CID Group, WRV, Seagate, and a few private investors.
  • Siemplify, a leading independent security orchestration, automation, and response (SQAR) provider, enabling security teams to manage their operations from end to end, and respond to cyber threats with speed and precision, has raised $30 million in a Series C funding round led by Georgian Partners with the participation of 83North, Abundance Partners, Capri Ventures, G20 Ventures, Jump Capital and a few private investors.
  • Rapid Medical, a biotech company that is developing products designed to treat aneurysms (abnormal expansion of the artery or vein), including a supporter that can expand into blood vessels, has closed a $23 million Series C funding round co-led by JAM Capital Partners and Microport with the participation of Agate Medical, BRM Group, Gefen Capital Fund, RocSon Medtech fund, Shanghai-Israel Investment Fund, Winnovation, and a few private investors.
  • BioProtect, a company that developed a proprietary technology platform for biodegradable balloons, suiting a wide range of applications including spacing for radiation oncology protection, aesthetics, and general surgery, has raised $7 million in a Series G financing round from private investors.

M&A and IPOs

  • SafeCharge, providing global omnichannel payments services from card acquiring and issuance to payment processing and checkout, underpinned by advanced risk management solutions, was acquired by Nuvei for $890 million.
  • Twistlock, a leading provider of container and cloud-native cybersecurity solutions, was acquired by Palo Alto Networks for $410 million.
  • LiveU, a company that produces technology for television broadcasters to enable live video links via wireless cellular networks, was acquired by Francisco Partners Management and Israel Growth Partners for $200 million.
  • Meta Networks, a Network-as-a-Service company that enables users to rapidly connect people, applications, clouds, data centers and offices, and to secure them, was acquired by Proofpoint for $120 million.
  • Profitect, a company that provides a solution that uses predictive analytics to pinpoint value chain margin leakage, inventory distortion, on-shelf availability issues, shrink, waste, damage, process non-compliance, cashier fraud, coupon abuse and operational risks, was acquired by Zebra for $100 million.
  • Algatechnologies, a company that specializes in the commercial cultivation of microalgae, overcoming biological, engineering and economic challenges posed by the mass production of microalgae, was acquired by Solabia for $72 million.
  • Cognigo, a company that helps to achieve data security and GDPR compliance in days (instead of months) through cognitive computing and advanced learning algorithms, was acquired by NetApp for $70 million.
  • PureSec, a company that enables its customers to build and maintain secure, reliable and serverless applications in a trusted and safe computing environment, supporting all serverless vendors, allowing organizations to detect, prevent, and respond to suspicious activity and attacks, was acquired by Palo Alto Networks for $55 million.
  • Bonobo AI, a company that is developing a conversational intelligence platform for organizations seeking to know their customers and grow customer relationships at scale by centralizing fragmented customer interaction data from across channels and leveraging AI to power action-ready insights from throughout the entire customer journey, was acquired by Salesforce for $50 million.
  • Vidyo, a company that pioneered Personal Telepresence, enabling natural, HD multi-point video conferences on tablets, smartphones, PCs, Macs, room systems and telepresence installations, was acquired by Enghouse for $40 million.
  • Appsee, a company that provides a simple visual-in-app analytics platform enabling companies to measure, understand and improve the user experience in their mobile apps, to act on insights delivered by the SaaS platform, was acquired by ServiceNow for $26 million.
  • Podium (adCore), a company that makes Search Engine Marketing accessible to everyone and incorporates the skills and expertise of SEM marketers, and fully automates the process of campaign submission, analysis, and optimization, raised $4.15 million in its initial public offering on the Toronto Stock Exchange.

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 – April 2019

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

This April we tracked 29 announced deals totaling $788M, and 6 exits totaling $2.4B.

FinTech and cybersecurity were the leading sectors this month. Lemonade, an InsurTech company, designed to offer homeowners and tenants insurance powered by AI and behavioural economics by replacing brokers and bureaucracy to guarantee zero paperwork and instant coverage, raised $300M in a growth financing round led by Softbank’s Vision Fund with the participation of Aleph LP, Expansion Venture, General Catalyst, OurCrowd, Sequoia Israel, Sound Ventures, Thrive Capital, Tusk Ventures, XL Innovate and including the Corporate VC Allianz X. Armis Security, a cybersecurity company that eliminates the IoT security blind spot, protecting enterprises from the threat of unmanaged or rogue devices and networks, completed a $65M growth round led by Sequoia Capital with the participation of Bain Capital, Cerca Fund, Insight, Red Hot Capital Partners, Tenaya, the Corporate VC Intermountain Ventures, and a few private investors.

On the M&A side, we saw three large acquisitions including EFI, SAManage, and Magisto. EFI, a machine vision company, that is involved in digital imaging and print management solutions for commercial and enterprise printing, was acquired by Siris Capital for $1.7B. SAManage, a SaaS company that enables modern organizations worldwide to deliver a superior service experience to their employees, was acquired by SolarWinds for $350M. Magisto, a company that operates a cloud-based mobile video platform to upload, edit, and share video memories with friends and offers services for creating and sharing personal movies, was acquired by Vimeo for $200M.

April 2019 Investment Highlights

Seed Rounds

  • Crowdsense.ai, a FinTech B2B startup, whose core technology is a fully automated intelligence engine for institutional traders that detects disruptive events before they reach the news, received $0.22 million from private investors.
  • Brandable Technologies, an online B2B marketplace, enabling companies to buy top quality promotional and office products at low prices, received $0.12 million in seed funding from the Barclays Accelerator.

A Rounds

  • VDroom, an AI startup that has developed an interface for managing the images of hotels and online tourism properties, with the creation of VR/360 images of tourism assets, has raised $0.33 million in a Series A financing round from private investors via ExitValley.
  • Run:AI, a company that has developed an automated distributed training technology which virtualizes and accelerates deep learning, speeding up the training of neural network models and enabling the development of large AI models, has raised $10 million in a Series A financing round co-led by S Capital and TLV Partners.
  • HomeTalk, a company that has become the world’s leading Do-It-Yourself Home & Garden community allowing homeowners, bloggers, and professionals to share their DIY projects has raised $15 million in a Series A financing round led by NFX with the participation of Adam Neumann, AltaIR Capital and private investors.
  • ExamPAL, a startup that is disrupting the test prep industry with a fully personalized online learning experience, using AI to forecast what would be the fastest way for the learners to solve any question by studying the way they think, received $2.2 million in a Series A financing with the participation of HighGrade Ventures, the holding company EduLab and private investors.
  • Splitty Travel, a booking platform based on patent-pending technologies, that detects and offers its users significantly reduced prices, has closed $6.75 million in a Series A financing round led by Fosun RZ Capital with the participation of 11-11 Ventures, 2B Angels, Founders Group, Corporate VCs such as Taya Ventures and Cockpit, the Accelerator TechStars, BIP and a private investor.
  • Phantom Auto, a remote control-as-a-service safety solution for autonomous vehicles, using low-latency, high-bandwidth technology which allows trained teleoperators to remotely support AVs encountering challenges that can’t be resolved by current autonomous technology or when passengers seek assistance, has raised $13.5 million in a Series A financing round led by Bessemer, with the participation of Maniv Mobility Fund, OurCrowd, Tectonic Capital, the holding company Wolfson Group and a private investor.
  • Betalin Therapeutics, a pre-clinical stage company developing an innovative cell therapy solution for diabetes treatment with a game-changing technology (an Engineered Micro-Pancreas) which aims to replace insulin therapy for millions of patients worldwide, has closed $2.5 million in a Series A financing round with the participation of Shay Sapir Investment and several private investors.
  • Oriient, a company that helps brick-and-mortar retailers integrate their stores into a shopper’s digital experience, enabling them to extend the digital experience into the store itself, has completed a $4 million Series A funding round with the participation of F2 Capital Fund, Innogy Innovation Hub and NGN Partners.

B Rounds

  • ProteanTecs, a company that predicts failures in electronics by monitoring chips’ health and performance throughout their full lifecycle, applying machine learning to novel data, has raised $35 million in a Series B financing round from Redline Capital, Viola Ventures, Zeev Ventures, WRVI Capital, ITI fund, Corporate VCs such as Mitsubishi UFJ Capital and Intel Capital, and several private investors.
  • Teridion Technologies, a startup that is redefining content delivery by bringing a personalized Internet experience to businesses and their users, with a Global Cloud Network to stream video faster, to run Web conferences seamlessly, to upload files quicker, and more, received $9 million in a Series B financing round led by JVP with the participation of Magma and Sing Tel Innov.
  • Epitomee Medical, a MedTech company, that developed and commercialized drug-free self-administered, shape-shifting capsules, aimed to prevent diabetes and address overweight & obesity co-morbidities by promoting weight loss and establishing a healthier lifestyle, has raised $8 million in a Series B financing round led by XT Hi-Tech Investments with the participation of 7Health LP, Agate Medical, Consensus Business Group, and some private investors.
  • Amenity Analytics, a tech company that developed a cloud-based analytics solutions to help businesses draw actionable insights from text on a massive scale by transforming unstructured data into targeted information and delivering it in elegant formats, has closed $18 million in a Series B financing round led by the insurance company, STARR Companies, with the participation of State of Mind Ventures, AltruJem Ventures, and Corporate VCs such as Intel Capital and Allstate Investments, as well as a private investor.
  • Tarya, a company that provides an alternative investment platform in Israel, empowering growth, retention and relevance for the benefit of the public in both alternative investments and credit solutions to individuals and small businesses, has raised $19.7 million in a Series B financing round co-led by Digital Horizon, Hetz Ventures and Viola Ventures along with private investors.
  • 3D Signals, a company that is providing a sound-based predictive maintenance and equipment monitoring system, developed SENSO-MRR, an ultrasonic acoustic sensor which predicts electro-mechanical failure long before it becomes production-interruptive, has raised $12 million in a Series B financing round led by State of Mind Ventures with the participation of Grove Ventures Fund, Dor Engineering and several private investors.
  • Aidoc, a MedTech company that is creating a novel system for medical imaging, aiming to harness the recent advances in computer vision and machine learning to improve medical image diagnosis, and help the physician find the relevant data, received $27 million in a Series B financing round led by Square Peg with the participation of TLV Partners Fund, Magma, Emerge Fund, and several private investors.
  • AudioBurst, a company that is building the world’s largest growing library of audio content by listening to and indexing millions of audio files from a plethora of sources in real time, powered by advanced NLP technology and a proprietary AI platform that indexes audio segments into searchable bursts, has closed $10 million in a Series B financing round led by the Telecom company, Dentsu, along with 2B Angels, 83North, Flint Capital, a Corporate VC, Samsung Ventures and other companies such as Elron, Hyundai, Nippon Broadcasting or Advanced Media.
  • VDOO, a cybersecurity company whose mission is to create a chain of trust across the connected world, helping secure the Internet of Things on a global scale by using a machine learning-based engine to automatically analyze security vulnerabilities in connected devices, has raised $32 million in a Series B financing round co-led by GGV Capital and WRVI Capital with the participation of 83North alongside Corporate VC such as Dell Technologies, MS&AD Ventures or NTT Docomo Ventures, and several private investors.

Growth/Miscellaneous Rounds

  • Aqua Security, a company that enables enterprises to secure their cloud native, container-based and serverless applications from development to production, accelerating container adoption and bridging the gap between DevOps and IT security, received $62 million in a Series C financing round led by the private equity fund, Insight, alongside Lightspeed, TLV Partners Fund, the Corporate VC M12 and a private investor.
  • Pagaya Technologies, an FinTech company that is focused on deploying machine learning algorithms and Big Data analytics to deliver measurably higher profits across the fixed income and alternative credit spectrum, using state-of-the-art machine learning and algorithms, has raised $25 million in a Series C funding round led by Oak HC/FT Partners with the participation of Carmel, GF Capital, the Corporate VC Digital Ventures, the insurance company Clal Insurance, Siam Commercial Bank, and a private investor.
  • Armis Security, a cybersecurity company that eliminates the IoT security blind spot, protecting enterprises from the threat of unmanaged or rogue devices and networks, with an IOT security platform that can see and control any device or network, completed a $65 million growth round led by Sequoia Capital with the participation of Bain Capital, Cerca Fund, Insight, Red Hot Capital Partners, Tenaya, the Corporate VC Intermountain Ventures and a few private investors.
  • Lemonade, an insurance company designed to offer homeowners and tenants insurance powered by artificial intelligence and behavioural economics by replacing brokers and bureaucracy to guarantee zero paperwork and instant coverage, has received $300 million in a growth round led by Softbank Vision Fund with the participation of Aleph LP, Expansion Venture, General Catalyst, OurCrowd, Sequoia Israel, Sound Ventures, Thrive Capital, Tusk Ventures, XL Innovate and including the Corporate VC Allianz X.
  • Bizzabo, a networking and mobile platform for event organizers and attendees which integrates social media to build highly-interactive event communities, helping organizers, sponsors and exhibitors, to engage directly with guests and seek out meaningful new business opportunities, has closed a $27 million Series D funding round led by Viola Growth with the participation of AfterDox, Kaedan Capital, LionBird, Maor Investments, Massa Innovations, next47, OurCrowd, Pilot Growth, Star Farm Ventures, and many private investors.
  • Rapid Medical, a biotech company that is developing products designed to treat aneurysm (abnormal expansion of the artery or vein), blood vessels, especially stroke, including a supporter that can expand into blood vessels, allow its flow, capture, and get rid of blood clots, has closed a $20 million Series C funding round co-led by JAM Capital Partners and Microport with the participation of Agate Medical, BRM Group, Gefen Capital Fund, RocSon Medtech fund, Shanghai-Israel Investment Fund, Winnovation, and a few private investors.
  • Spot.IM, a social engagement startup that brings together discovery, conversation and digital sharing, received $25 million in Series C funding from AltaIR Capital, Cerca Fund, D5 Capital, Index Ventures, Millhouse Capital, Norma Investments, and two private investors including Roman Abramovitch.
  • Reali, a real-estate platform that brings buyers and sellers together around open communications and fair home prices, making the entire process as frictionless, transparent and financially rewarding as possible, completed a $30 million growth round led by Zeev Ventures with the participation of Liquid2 Ventures, SGVC, and Signia Venture Partners.
  • Seedo, a startup that is developing a fully automated hydroponics growing device, letting users grow their own herbs’ and medicinal plants in the comfort of their own home and to control and monitor the growing process, from seed to plant, while providing optimal lab conditions to assure premium quality produce year-round, completed a $4 million financing round from private investors.
  • Can-Fite Biopharma, a biopharmaceutical company with fully integrated pharmaceutical discovery and clinical development capabilities with an advanced pipeline of proprietary compounds in phases 2 and 3 of the clinical development stages, which addresses autoimmune-inflammatory and cancer diseases, completed a $3.2 million financing round from one undisclosed investment management firm.

M&A and IPOs

  • NetNut Ltd, a provider of a secure business proxy network that routes any HTTP/S requests through residential IPs with one hop connectivity to the target site, thus providing smooth and efficient traffic flow, with high speeds and low latency, was acquired by Safe-T for $9.7 million.
  • Tufin Software Technologies, a cybersecurity company that enables customers to increase their business agility while maintaining a robust security posture across physical networks, hybrid cloud, containers and microservices, raised $105 million in its initial public offering on the New York Stock Exchange.
  • SAManage, a SaaS company that enables modern organizations worldwide to deliver a superior service experience to their employees with its enterprise service management software which accelerates efficiency and visibility into required and delivered services across an organization, was acquired by SolarWinds for $350 million.
  • Magisto, a company that operates a cloud-based mobile video platform to upload, edit, and share video memories with friends and offers services for creating and sharing personal movies, was acquired by Vimeo for $200 million.
  • PRACTi, a company that develops iPad-based retail fund management systems for small businesses and self-employed workers, was acquired by Just Eat for $8.7 million.
  • Electronics For Imaging (EFI), a machine vision company, that is involved in digital imaging and print management solutions for commercial and enterprise printing, was acquired by Siris Capital for $1700 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 – March 2019

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

This March we tracked 28 announced deals totaling $483M, and 7 exits totaling $7.8B.

Semiconductors and Enterprise Software were the leading sectors this month. Innoviz, a leading manufacturer of high-performance, solid-state LiDAR sensors and perception software that enable the mass-production of autonomous vehicles, raised $132M in a Series C financing round with the participation of 360 Capital Partners, Shenzhen Capital Group, Softbank Ventures Asia, Vertex together with Corporate VC, and Samsung Catalyst Fund among others. LightBits Labs, a company that is reinventing the way storage and networking are conducted in cloud data centers, received $50M in a Series A financing round led by a Corporate VC, Dell Technologies, with the participation of Cisco Investments, Micron Ventures, Square Peg, and Walden International.

On the M&A side, we saw three large acquisitions including Mellanox, Dynamic Yield and OrthoSpace. Mellanox, a leading semiconductor supplier of end-to-end InfiniBand and Ethernet interconnect solutions and services for servers and storage, was acquired by NVIDIA for $6.9B. Dynamic Yield, a leading provider of automated conversion optimization tools for marketers and retailers, was acquired by McDonald’s for $300M. OrthoSpace, a company that develops and commercializes simple-to-implant, biodegradable balloon systems for the orthopedic market, was acquired by Stryker for $220M.

 

March 2019 Investment Highlights

Seed Rounds

  • Sub Strata Technologies, the developer of an AI-powered NLP (Natural Language Processing) engine that analyses subtext in written communication, received $0.12 million from private investors.

A Rounds

  • Escala Medical, a startup that is developing a repair device for the treatment of pelvic organ prolapse (POP), based on a nonsurgical, incision-free, mesh-free repair approach, has raised $0.55 million in a Series A financing round from private investors via Equity Crowdfunding Platform, ExitValley.
  • Market Beyond, a company that provides Fortune 500 brands and online retailers with actionable insights, optimizing e-commerce inefficiencies at the product level, via Machine Learning and AI, has raised $4 million in a Series A financing round co-led by Digital Horizon, Hetz Ventures and Viola Ventures along with private investors.
  • TailorMed, providing technology to improve the financial performance of healthcare providers and reduce the financial hardship for patients with a financial consultation, has raised $6 million in a Series A financing round led by Triventures with the participation of several private investors.
  • Brodmann17, a high-tech company that provides a vision-first technology for automated driving, received $11 million in a Series A financing round led by OurCrowd with the participation of AI Alliance, lool, Maniv Mobility Fund, and Corporate VC such as Sony Innovation Fund and UL Ventures.
  • LightBits Labs, a company that developed a solution to provide a hyperscale storage experience to private clouds, has closed $50 million in a Series A financing round led by a Corporate VC, Dell Technologies, with the participation of Cisco Investments, Micron Ventures, Square Peg, and Walden International.
  • Ibex Medical Analytics, a company that is using AI and computer vision to develop a product suite to improve clinical decision-making and to streamline pathology laboratory workflows, has raised $11 million in a Series A financing round led by aMoon, with the participation of Dell Technologies, Kamet and private investors.
  • Tigapo, a platform that connects coin-operated machines to the cloud, collects and analyses data by developing IoT management and payment systems, has closed $1 million in a Series A financing round led by Chazen Capital Partners with the participation of Ido Agmon and private investors.
  • Cobwebs, a company that developed a search engine, leveraging AI and machine learning, that gathers both public and concealed information that has not been indexed or classified by Google, has completed a $10 million Series A funding round led by a hedge fund, Ibex Israel Fund in conjunction with private investors.
  • Sayata, a company that enables superior cyber risk mitigation with a scalable, deep-dive analysis in order to improve SMEs’ cyber posture, has raised $6.5 million in a Series A financing round from a holding company, RDC and private investors.
  • Perimeter81, a next-generation network security provider, driven by the mission to transform secure network access for the modern and distributed workforce, received $5 million in a Series A financing round from Spring Ventures and US private investors.
  • BioFishency, an agritech company, that developed a cost-effective, all-in-one water treatment system for land-based aquaculture, overcoming limited water availability and the build-up of toxic ammonia, has raised $2.4 million in a Series A financing round led by Aqua-Spark and the incubator, Trendlines Agtech.
  • Chatflow (Spike), a communication tech company that developed hop – an application that converts existing emails into a multimedia mobile messaging format like WhatsApp – has closed $5 million in a Series A financing round from Koa Labs, NFX, and Wix.

B Rounds

  • Iguazio, a data platform that digitally transforms businesses by analyzing data from a variety of sources to create actionable insights and artificial intelligence, has raised $7.5 million in a Series B round from the Corporate VC, Samsung Ventures.
  • Ossio, an orthopaedic medical device company whose mission is to replace metal implants as the standard of care in the 10B+ fixation market (e.g. screws, pins, plates) with an intelligent bone regeneration technology, has completed a $22 million Series B funding round led by OCV with the participation of Ortho Vision, OurCrowd and Secocha Ventures.
  • Cymulate, a cyber-attack simulation company that delivers easy-to-use, comprehensive security solutions to safeguard business-critical digital assets, has closed a $7.5 million Series B round co-led by Dell Technologies and Susquehanna with the participation of Vertex and a private investor.
  • Hibob, a software company that provides companies with an HR management platform that helps to bring about the best in their employees, by using a cloud-based software as a central hub for all information the teams are passionate about, has raised $20 million led by Eight Roads with the participation of Arbor Ventures, Battery Ventures, Bessemer, Cerca Fund, Entrée Capital Israel, LocalGlobe, Presidio Ventures, Sumitomo Mitsui Banking Corp and private investors.
  • Theranica, a medical device company that has combined neuromodulation therapy with modern wireless technology to develop proprietary wearable solutions that address various medical conditions and disease states (for instance, Nerivio Migra is an electronic device for acute treatment of migraines), has completed a $35 million Series B financing round with the participation of aMoon, Corundum Fund, Lightspeed, LionBird, Takoa Invest, Viola Credit and private investors.
  • Rewire, a fintech company that is building an innovative international borderless banking platform for migrants during their time abroad until their return home to a more secure future, has closed a $12 million financing round led by the Corporate VC, Opera Tech Ventures with the participation of Marker, Moneta Seeds Fund, OurCrowd, SBSA, and private investors.
  • CB4, an AI and machine learning company that provides powerful and precise predictive analytics solutions in a simple and straightforward manner, going from data to predictions, recommendations and insights that can be understood and acted upon by the decision makers, received $16 million in a Series B funding round led by Octopus Ventures with the participation of Pereg Ventures, Sequoia Israel and a private investor.

Growth/Miscellaneous Rounds

  • Rail Vision, a hardware company that focuses on train safety/ security/ maintenance and accident prevention on the rail track with a technology based on infra-red forward-looking cameras and analyses capabilities, received $10 million in a Series C financing round led by Knorr-Bremse AG along with other corporations such as Allied Holdings, Foresight Autonomous, Lubinski Group, and a PE fund, Shrem Zilberman Group, and private investors.
  • Honey Book, an event-planning company with a collaborative platform that provides an invite-only service that empowers top event professionals to be more connected, productive, and successful with their clients and vendors, completed a $28 million growth round with the participation of Aleph LP, Gould Ventures, Hillsven, K5 Ventures, Maiden Lane, Nautilus Ventures, NVP, Tank Hill Ventures, TriplePoint Ventures, Vintage Investment Partners, a Corporate VC, Citi Ventures, and private investors.
  • Guesty, a cloud-based platform designed to simplify property managers’ operations for short-term rentals and management of listings from multiple Airbnb accounts and other booking channels, has received $35 million in a Series C funding round with the participation of 8capita, AltalR Capital, Amino Capital, Buran VC, Journey Ventures, Kingfisher, La Maison, Magma, TLV Partners, Vertex, Viola Growth and several private investors.
  • CyberX, a company that provides a widely-deployed holistic platform for continuously reducing IoT and ICS (Internal Control System) risk by continuously monitoring industrial networks for targeted attacks, malware, insider threats, and critical vulnerabilities, has closed a $18 million Series C funding round co-led by Inven Capital and Qualcomm Ventures with the participation of ff Venture Capital, Flint Capital, GlenRock, Glilot Capital, NVP, OurCrowd, and Swarth Group.
  • Innoviz, a leading manufacturer of high-performance, solid-state LiDAR sensors and perception software that enable the mass-production of autonomous vehicles, has closed a $132 million Series C funding round with the participation of 360 Capital Partners, Amiti Fund, Cerca Fund, Glory Ventures, Magma, New Alliance Capital, OurCrowd, Shenzhen Capital Group, Softbank Ventures Asia, Vertex along with Corporate VC and corporations such as Aptiv, Champion Motors, China Merchants Group, Harel Insurance Company, HiRain, Naver, Phoenix Insurance Co., Samsung Catalyst Fund, and an Israeli private investor, Zohar Zisapel.
  • Enlivex, a clinical-stage immunotherapy company that develops an autologous and allogeneic drug pipeline for immune system rebalancing, received $5.4 million from Korea Investment Partners, a holding company, HBL, and a private investor.
  • Applicaster, a cloud-based platform for app development and content distribution, providing the tools and insights needed to own and engage audiences across all platforms and devices, completed a $20 million growth round led by Viola Growth with the participation of 83North, C4 Ventures, Greylock Israel, La Maison, Pitango, Planven Investments, and Saban Ventures Fund.
  • Therapix, a specialty clinical-stage pharmaceutical company that focuses on creating and enhancing a portfolio of technologies and assets based on cannabinoid pharmaceuticals, completed a $2.25 million round from an undisclosed investment management company.

M&A and IPOs

  • IDE, a world leader in water treatment solutions, specialized in the development, engineering, construction and operation of enhanced desalination and industrial water treatment plants, was acquired by Alpha Partners for $146 million.
  • Telit Automotive, a global leader in IoT enablement with hardware, connectivity, and platforms that transform businesses through the power of IoT, was acquired by TUS International for $105 million.
  • Mellanox, a leading supplier of end-to-end InfiniBand and Ethernet interconnect solutions and services for servers and storage that increases data center efficiency by providing the highest throughput and lowest latency, acquired by NVIDIA for $6.9 billion.
  • Pointer Telocation, a company that is engaged in Mobile Resource Management (MRM) including a range of services, like Stolen Vehicle Retrieval (SVR), Fleet Management, Asset Management and Road Side Assistance (RSA), was acquired by ID Systems for $140 million.
  • Ortho Space, a company that develops and commercializes simple-to-implant, biodegradable balloon systems for the orthopedic market, emulating the function of original bursa, alleviating pain and shortening rehabilitation periods, was acquired by Stryker for $220 million.
  • Dynamic Yield, a leading provider of automated conversion optimization tools for marketers and retailers, with a proprietary platform that delivers the right promotions, content and calls-to-action to every visitor in real-time, was acquired by McDonald’s for $300 million.
  • Firmo, a startup that is building a sidechain for executing formally verified financial instruments across blockchains, was acquired by eToro for an undisclosed amount.

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 – February 2019

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

This February we tracked 27 announced deals totaling $600M, and 7 exits totaling in $2.6B.

IT & Enterprise Software was the leading sector in funds raised this month with DriveNets, a company that creates routing infrastructures that help customers to profit from 5G deployments and the rise of new low-latency AI applications, raising $110M in a Series A financing round co-led by Bessemer and Pitango; Redis Labs, the commercial provider of Redis, one of the world’s most popular in-memory database platforms, receiving $60M in a growth round led by Francisco Partners with the participation of Bain Capital, Dell, Viola, Goldman Sachs and InfoSys among others.

On the M&A side, we saw three large acquisitions including ZoomInfo, Attunity and Demisto. ZoomInfo, an automatic content generation systems platform, was acquired by DiscoverOrg for $800M. Attunity, a provider of information availability software solutions that enable access, sharing and distribution of data across enterprise platforms, organizations and the cloud, was acquired by QlikTech for $560M. Demisto, a security orchestration, automation and response platform, was acquired by Palo Alto Networks for $560M.

Read on for the full scoop!

February 2019 Investment Highlights

Seed Rounds

  • C2A Security, a company that is focusing on cybersecurity for connected vehicles, received $6.5 million in seed funding from ICV and Maniv Mobility Fund.
  • Solidus Labs, a startup that provides a machine learning-powered trade surveillance infrastructure tailored for digital assets, has raised $3 million in a seed round led by Hanaco VC with the participation of Global Founders Capital and private investors.
  • Inplay (Zone7), the developer of an AI-powered athlete injury prediction solution, received $2.5 million in a seed round led by Resolute Ventures with the participation of Amicus Capital, PLG Ventures and private investors.
  • Jointer, a company that is developing blockchain solutions to increase liquidity, improve returns and minimize risks for real estate owners and investors, received $1.5 million from a private investor. The company received an additional $1 million in the form of prize money in a global FinTech startup competition held by Edge 196.

 

A Rounds

  • DriveNets, a company that creates routing infrastructures that help customers to profit from 5G deployments and the rise of new low-latency AI applications, has raised $110 million in a Series A financing round co-led by Bessemer and Pitango.
  • nsKnox, a startup that provides cooperative cybersecurity solutions for protecting corporate payment systems, has raised $15 million in a Series A financing round co-led by M12 and Viola Ventures with the participation of Discount Capital Markets and private investors.
  • Ador Diagnostics, a company that develops, manufactures and markets in-vitro diagnostic solutions, received $14.5 million in a Series A financing round from BATM, Gamida for Life, Puma Brandenburg and undisclosed US investors.
  • Axonius, a cybersecurity asset management platform that provides organizations with visibility and automated policy validation on assets, devices and users, has raised $13 million in a Series A financing round led by Bessemer with the participation of Emerge Fund, Vertex, WTI and YL Ventures.
  • ZSquare, a life sciences company that developed a fiberoptics technology to reduce the optical component’s diameter while improving image quality, received $10 million in a Series A financing round led by Chartered Investment Managers with the participation of private investors.
  • Curv, a company that provides a cloud-based institutional digital wallet service, has raised $6.5 million in a Series A financing round co-led by Digital Currency Group and Team8 with the participation from Flybridge, Jump Capital, LCIF, Liberty City Ventures, Monex Group and Speedinvest.
  • Emedgene, providing a solution to automatically interpret genetic tests helping geneticists to manage their workload faster, has closed $6 million in a Series A financing round led by Olive Tree with the participation of Mindset Ventures and RIO.
  • Firedome, a startup that provides a cybersecurity solution to secure home IoT devices, has completed a $4.5 million Series A funding round with the participation of WTV and private investors.
  • Trackonomics, an aggregation and automation platform for performance marketers, received $1.6 million in a Series A funding round from 24Haymarket.

 

B Rounds

  • Gong.io, a company that is specializing in conversation intelligence technology for sales teams, has raised $40 million in a Series B round co-led by Battery Ventures, Dharmesh Thakker with the participation of Cisco Investments, NextWorld, NVP, Wing Venture Capital and a private investor.
  • Rapyd, a FinTech-as-a-service platform that offers omnidirectional transaction functionality, has completed a $40 million Series B funding round co-led by General Catalyst and Stripe with the participation of Ignia and private investors.
  • Vast Data, an IT infrastructure company, has closed a $40 million Series B round with the participation of 83North, Dell Technologies Capital, Goldman Sachs, NVP and TPG.
  • BiomX, a microbiome drug discovery company developing customized phage therapies that target and destroy harmful bacteria in chronic diseases, has raised $32 million led by Johnson & Johnson Innovation with the participation of 8VC, Mirae Asset, SBI Japan-Israel Innovation Fund, Seventure Partners, RM Global Partners, KB Partners, Chong Kun Dang, FutuRx, Handok and OrbiMed Israel.
  • Tulip Interfaces, a spinout from MIT that brings advanced analytics to the manufacturing workforce through its platform, has completed an $18.4 million Series B financing round led by Vertex Ventures with the participation of C4 Ventures, NEA, Pitango and private investors.
  • Healthy.io, a company that turns smartphone cameras into medical devices, has closed an $18 million financing round led by Aleph with the participation of Quantum Pacific Ventures, Samsung Next and a private investor.
  • Oribi, a company that provides a platform to get actionable insights to increase conversions and optimize websites, received $7 million in a Series B funding round led by S Capital Fund, Sequoia, TLV Partners and a private investor.
  • Donde, a company that is developing a fashion mobile application aiming to transform the online shopping experience by helping e-commerce sites mimic the way their customers think about products, has completed a $6.5 million Series B financing round led by Matrix Partners with the participation of AfterDox, Bouaziz & Partners, Golden Seeds, GWC Innovator Fund, SeedIL, UpWest and several private investors.

Growth/Miscellaneous Rounds

  • Redis Labs, the commercial provider of Redis, one of the world’s most popular in-memory database platforms, received $60 million in an E round led by Francisco Partners with the participation of Bain Capital, Dell, Viola, Goldman Sachs, InfoSys among others.
  • PerimeterX, a company that operates a platform to protect business and web infrastructure leveraging behavioral analytics-based bot detection, has raised $43 million in a Series C round led by Scale VP with the participation of Adams Street Partners, Canaan Partners, Data Collective, Vertex Ventures and a private investor.
  • Kryon, a company that provides an end-to-end solution which automatically generates a comprehensive picture of business processes, evaluates them and recommends which ones to automate, completed a $40 million growth round led by Oak HC/FT Partners with the participation of AJJS Holdings, Aquiline Technology Growth, Vertex and several private investors.
  • CathWorks, a medical technology company developing medical devices for the interventional cardiology market, has received $30 million in a Series C funding round led by Deerfield with the participation of BioStar Ventures, Corundum Fund, Planven Investments, Pontifax, Pura Vida, Quark and Triventures.
  • Rapid Software Solutions, a company that provides a back-end development platform enabling its users to develop a fully functional backend for their applications without writing a single line of code, has closed a $25 million Series C funding round co-led by Andreessen Horowitz, M12 with the participation of 500 Startups, FundersClub, Green Bay Advisors, Grove Ventures Fund, SV Angel and several private investors.
  • SoftWheel, a company that developed a wheel with an innovative suspension system that aims to replace the traditional spoke-and-rim wheel, has closed a $4 million Series C funding round with the participation of Hachshara Insurance and Linamar.

M&A and IPOs

  • ZoomInfo, an automatic content generation systems platform, was acquired by DiscoverOrg for $800 million.
  • Attunity, a provider of information availability software solutions that enable access, sharing and distribution of data across enterprise platforms, organizations and the cloud, was acquired by QlikTech for $560 million.
  • Demisto, a security orchestration, automation and response platform, was acquired by Palo Alto Networks for $560 million.
  • Aeronautics, a company that has established itself as a global provider of security consulting services and defense applications, was acquired by RAFAEL for $235 million.
  • Luminate Security, a company that provides a SaaS-based security platform designed to offer secure access to hybrid cloud services, was acquired by Symantec for $250 million.
  • Alooma, a company offering a real-time data pipeline as a service that allows the integration of any data source like databases, applications and APIs, was acquired by Google for $150 million.
  • Top Image Systems, a leading provider in the enterprise content management market, accelerating document-driven business processes, was acquired by Kofax for $16 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 – January 2019

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

This January we tracked 34 announced deals totaling $455.6M, and 6 exits totaling $401.1M.

IT & Enterprise Software was the leading sector this month. Globality, a company leveraging AI to revolutionize the way businesses buy and sell services, raised $100 million in a Series D financing round with participation from Raine Ventures, Softbank’s Vision Fund, THK Equites and private investors; and Cato Networks, a company that provides organizations with a cloud-based, secure, global SD-WAN, receiving $55 million in a Series C financing round led by Lightspeed with the participation of Aspect Ventures, Greylock, SingTel Innov9, USVP and private investors.

On the M&A side, we saw two larger acquisitions including Cloud Endure and Corephotonics. Cloud Endure, a company that provides disaster recovery and live migration for all applications, enabling enterprises to mobilize entire workloads with near-zero downtime and no data loss, was acquired by Amazon for $200 million. Corephotonics, a market leader in dual camera technologies for mobile devices, was acquired by Samsung for $155 million.

Read on for the full scoop!

January 2019 Investment Highlights

Seed Rounds

  • Linear B, a workforce analytics platform for software development organizations that allows for improved productivity based on objective data-driven insights, has raised $1.6 million in a seed round led by Israeli serial entrepreneur Ariel Maislos.
  • SirVir, a startup that is engaged in the development and commercialization of products in the field of treatment of respiratory viral infections based on the Apo-Si technology developed by Aposense, received $4 million in a seed round from Access.
  • Hi Deep Tech, a company that offers scalable solutions for ecosystem management, received $0.9 million in seed funding from the Israeli Innovation Authority.
  • Pecan, an innovative deep learning platform that develops automated general-purpose AI, has raised $4 million led by S Capital Fund.

A Rounds

  • Salt Security, a SaaS security company focused on the emerging attack vector of APIs, has raised $10 million in a series A round led by S Capital Fund.
  • Medigate Tech, a company that offers a medical device security platform that identifies and protects all connected medical devices on health care provider networks, has closed $15 million in a series A round raised from USVP, YL Ventures and Blumberg Capital.
  • StreamElements, a leading platform for growing and monetizing user gaming audiences, has raised $11.3 million from Pitango, Rainfall, Samsung Next and State of Mind Ventures.
  • Varada, a company that provides an on-demand SQL analytics solution, has completed a $7.5 million series A funding round led by Lightspeed with participation from F2 Capital and StageOne Ventures.
  • Hailo, a company that is developing a microprocessor for deep learning applications, has raised $8.5 million led by Glory Ventures with participation from OurCrowd, Next Gear Fund and Maniv Mobility Fund.
  • Lumigo, a startup that provides a SaaS platform to help companies monitor and troubleshoot serverless applications while providing actionable insights, has completed an $8 million series A funding round raised from Grove Ventures Fund, Meron Capital Fund and Pitango.
  • SeeTree, one of our portfolio companies that offers farmers an end-to-end service to manage and optimize the health and productivity of their trees, has raised $11.5 million in a series A round led by Hanaco VC with participation from iAngels, Canaan Israel, Mindset Ventures and Uri Levine.
  • Foretellix, a company that aims to make autonomous vehicles safer, has completed a $14 million series A round raised from 83 North, FinTLV Fund, Jump Capital, Next Gear Fund and a handful of angel investors.
  • AnyVision, an AI company specializing in face recognition in mass crowd events, has completed a $15 million Series A round led by Lightspeed.
  • JUG Technologies, the company that developed Storyball – a screen-free game ball that uses stories, challenges and social games to keep children active and playful whilst developing their skills and imagination, has raised $0.15 million in a series A round from private investors via ExitValley.
  • LitiGate, a company that is developing an accurate and timely claims analysis solution for litigators, received $1.4 million in a series A round led by the Israeli Innovation Authority.
  • Robin Hood Pro, a FinTech company focused on solving market failures in finance using blockchain technology, has raised $1 million in an extended Series A round from Jonathan Lampert and Pipelbiz.
  • MedC Biopharma, a startup that develops and commercializes pharma cannabis related IP, has completed a $5 million Series A round from AgMedica and private investors.
  • InZiv, a company that designs and manufactures inspection equipment for identifying critical defects in pixels of advanced displays, received $2.5 million in funding from Maverick Ventures Israel and private investors.

B Rounds

  • Verbit Software, a company that harnesses the power of AI and human intelligence to provide a smart transcription and captioning solution, has raised $23 million in a Series B round led by Carmel Ventures with participation from Bouaziz & Partners, ClalTech, HV Holtzbrinck Ventures, Oryzn Capital, Vertex and Vintage.
  • ReSec Technologies, a company dedicated to redefining the cybersecurity landscape through developing a single-platform solution preventing external cyber-security threats, received $2 million in a series B financing round led by Founders Group and PICO Partners with the participation from 2B Angels and Plug & Pay.
  • Zeitgold, a company that frees small businesses from paperwork by combining experts with AI to empower owners to manage and authorize time consuming accounting processes, raised $12 million in a series B financing round led by Battery Ventures with participation from AXA Venture Partners, btov Partners, DTCP Fund, HV Holtzbrinck Ventures and Saban Ventures Fund.
  • Wiliot, a fabless semiconductor company developing passive SoC platforms for the IoT market, raised $30 million in a series B financing round through participation from 83 North, Amazon, Grove Ventures Fund, M Ventures, NVP, Qualcomm Ventures and Samsung Ventures.
  • Flytrex Aviation, a company that manufactures cloud-connected drones, received $7.5 million in a series B financing round led by Benhamou Global Ventures with participation from Amanda VC, btov Partners and private investors.

Growth/Miscellaneous Rounds

  • Laminate Medical Technologies, a company that is developing a new, external support device for AV fistulas, has received $12 million in a series C financing round through participation from ADIP, Tal Capital, Haisco, Asahi Kesei and private investors.
  • Atomation Net, a company dedicated to forming an IoT platform for SHDK for the seamless creation of smart objects, received $3 million in a series C financing round with the participation of 2B Angels, BioGenerator, Jade Ventures, Janvest, Singulariteam and private investors.
  • Cato Networks, a company that provides organizations with a software-defined and cloud-based secure enterprise network, received $55 million in the form of a series C financing round led by Lightspeed with the participation of Aspect ventures, Greylock, SingTel Innov9, USVP and private investors.
  • Colu Technologies, a blockchain technology platform for developers and enterprises providing simple, easily integrated and consumer-friendly tools for accessing digital assets, raised $7 million in a series C financing round with the participation of Aleph LP, Angelic Ventures, Bitcoin Opportunity, BoxGroup, Digital Currency Group, IDN Holding Corp and Spark Capital.
  • TytoCare, a mobile health company that is transforming primary care by putting health in the hands of consumers, received $9 million in a series C financing round from ITOCHU, Sanford Health and Shenzhen Capital Group.
  • Bringg Delivery Technologies, a world-leading platform for enterprises to manage on-demand and last-mile deliveries, raised $25 million in a series C financing round from Next47, the global venture arm of German conglomerate Siemens AG.
  • Kitov Pharmaceuticals, an innovative biopharmaceutical company focused on late-stage drug development, raised $6 million with an undisclosed investment management company.
  • Globality, a company leveraging AI to revolutionize the way businesses buy and sell services, raised $100 million in a series D financing round through the participation of Raine Ventures, Softbank’s Vision Fund, THK Equities and private investors.
  • Innovid Media, a video platform that empowers advertisers to create, deliver and measure the most innovative video experiences on any device and media outlet, raised $30 million in a series G financing round from Goldman Sachs & Co.
  • Celeno Communications, a company that offers advanced Wi-Fi chipsets, edge software and cloud technology, raised $10 million in a Series F financing round, led by Iris Capital together with the participation of Cisco Investments, Greylock Israel, Liberty Global Ventures, Miven Venture Partners, OurCrowd, Pitango, Poalim Capital Markets, Red Dot Capital Partners and Vintage.
  • Lending Express, an AI-powered marketplace for business loans, raised $2.7 million from Viola Credit.

M&A and IPOs

  • Sealantis, a company that develops an alginate-based tissue adhesive technology platform, was acquired by Advanced Medical Solutions, a U.K.-headquartered wound care products company, for $25 million.
  • Splitit, a global payment solution enabling customers to make purchases by splitting costs into interest-free monthly payments, raised $8.6 million in the form of an IPO on the ASX.
  • Corephotonics, the leading licensor of dual camera imaging technologies, was acquired by Samsung for $155 million.
  • ForceNock Security, a company dedicated to producing a fully autonomous web application security solution that replaces existing WAF, API & bot mitigation solutions, was acquired by Check Point, a Nasdaq-listed network and cloud security provider for $10 million.
  • InSight Biopharmaceuticals, a company that specializes in the development, manufacturing & commercialization of biosimilar and sophisticated generics, was acquired by Hong Kong-based pharmaceutical and food retailer Gencor Pacific Ltd. for $2.5 million.
  • Cloud Endure, a company that provides disaster recovery and live migration for all applications, allowing enterprises to mobilize entire workloads with near-zero downtime and no data loss, was acquired by Amazon for $200 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.

Shelly Hod Moyal Featured in the Marker’s High Tech Book 2018

The article first appeared in the Marker’s High Tech Book 2018

iAngels Israeli Deal Digest – December 2018

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

This December we tracked 25 announced deals totaling $481.75M, and 5 exits totaling in $127.8M.

IT & Enterprise was the leading sector this month with Optibus, a fleet management software for public transit operators, raising $40M in a Series B round; Chorus.ai, a company that develops machine learning algorithms capable of monitoring and analyzing sales conversations, raising $33M; and Avanan, a company that offers organizations a cloud-based platform for monitoring and protecting employee usage of public applications, raising $25M. On the M&A side, we saw the outstanding acquisition of Frontline PCB for $85M by Orbotech and the acquisition of CodeMonkey by Tal Education Group, for $20M.

Read on for the full scoop!

December 2018 Investment Highlights

Seed Rounds  

  • Ottopia, a platform that enables remote humans to guide vehicles with reliability and cyber-security, has raised $3 million in a seed round led by MizMaa Ventures.
  • HighLander, a startup that developed optimized Autonomous Airports for Commercial Drones as an end-to-end drone flight plan solution, has raised $1.5 million in a seed round funded by AGV.
  • KonnecTo, a platform that enables brands to analyze customers’ past and present personal interactions, has raised $1.5 million, in seed from investors, including Israel based consumer research company, StoreNext Ltd.

A Rounds  

  • Ayala Pharmaceuticals, a clinical stage pharmaceutical company that develops targeted cancer therapies, has raised $10 million in a Series A round through Novartis.
  • AeroCRS, a high tech company that provides cloud reservation systems for airlines, hotels, and travel operators, has raised $3 million in a Series A funding round from Cockpit Innovation.
  • Valerann, a startup developing an autonomous traffic control and management system, has raised $5 million Series A funding led by Rio Ventures Holdings and 2B Angels, with participation from Spanish telecommunications company, Telefonica SA.
  • AccessFintech, a startup that offers businesses an operation center, has closed $17.5 million in a Series A round raised from Citigroup, Credit Suisse, Goldman Sachs, and J.P. Morgan.
  • Orbs, a startup providing Blockchain Infrastructure as a service for established consumer brands, has raised an additional $15.4 million in a round led by Kakao.
  • Wisdo, a startup aiming to help users build online support systems based on shared experiences, has announced its launch with over $11 million in funding from a handful of angel investors.
  • Alpha Omega, medical equipment company, raised $7 million Series A funding led by GIBF, a life sciences firm back by the Guangzhou municipal government.
  • Voca AI, an artificial intelligence startup that develops chatbots capable of nearly human like conversation, has completed a $2.6 million Series A funding round led by Lool Ventures and participated by Flint Capital and other investors.
  • HomeHero, a startup that develops an online real estate bulletin board that matches assets for sale with potentially compatible buyers, has raised $4 million in Series A led by Altar Capital and Mizrahi Tefahot Bank.

B Rounds 

  • WhiteSwell, a Medical device company, has raised $30 million in a Series B funding round, led by Boston based RA Capital Management and Incube Ventures syndicate, with participation from other investors.
  • CropX, a smart farming startup that uses soil sensors to optimize crop yields, received $0.5 million in a Series B round from the ISIF to launch a yield optimization pilot in Ireland.
  • Temi, a personal assistant robot developer, has raised $21 million in a Series B round led by existing investor John Wu, former Alibaba CTO.
  • K Health, a startup offering digital health assistance through crowdsourced data, has raised $25 million Series B funding from Mangrove Capital Partners, Bessemer Venture Partners, and other investors.
  • Avanan, a startup that offers organizations a cloud-based platform for monitoring and protecting employee usage of public applications, has raised $25 million in a Series B round from existing investors, including StageOne Ventures, Magma Venture Partners, and TPG’s Israeli arm Greenfield Partners.
  • Optibus, an Israeli startup that develops a fleet management software for public transit operators, has announced a $40 million Series B funding round led by Insight Venture Partners with participation from Alibaba as a strategic investor.
  • Songo Media, a group of companies that develops an advanced digital media and e-commerce technology, has raised $3 million Series B funding led by IBI High Tech Mutual Fund.
  • Twine Solutions, a textile technology startup offering a digital on-demand thread dyeing system, has completed a $22 million Series B investment round led by New Era Capital Partners and Maverick Ventures Israel.
  • InnovoPro, an alternative protein startup that develops technology for extracting concentrated proteins from chickpeas using sustainable energy, has raised $4.25 million Series B funding from investors including Migros, Erel Margalit, and others.
  • Chorus.ai, a conversation analysis startup that develops machine learning algorithms capable of monitoring and analyzing sales conversations, has raised $33 million in a Series B funding round led by Toronto based equity firm Georgian Partners.

Growth/Miscellaneous Rounds 

  • Sight Diagnostics, a blood testing startup that develops vision-based technology for blood test analysis and infectious disease diagnosis, has raised $28 million Series C funding by issuing private preferred stock.
  • Vroom, an online used car retailer, has raised $146 million in a Series G funding round led by automotive retailer AutoNation.
  • Quali, a cloud-based platform offering software testing automation, has raised $22.5 million in a Series C funding round led by Jerusalem Venture Partners.

M&A and IPOs 

  • Frontline PCB, a company primarily developing computer-aided manufacturing and archiving processes, has been acquired by Orbotech for $85 million for the remainder 50% stake in Frontline.
  • PML, a company that developed electro-optical systems for monitoring and measuring fluid particle sizes and concentration, has been liquefied and sold to Particular Measuring Systems Inc. for $3.3 million for PML’s patents and technologies.
  • HeraMED, a company developing connected pregnancy monitors for home and professional use, has raised $6 million (Australian dollars) in its initial public offering on the Australian Securities Exchange.
  • CodeMonkey, a company that develops game like computer programming tutorials for kids, has been acquired by Nasdaq-listed educational service company, TAL Education Group, for $20 million.
  • AMS Technologies, a water purification company, has been acquired by Nasdaq-listed Newater Technology Inc. for $13.5 million.

 

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Best,
Rona

Rona Galezer 
Rona is a Principal in the iAngels investment team and brings more than 10 years experience in investments and financial consulting from both the private and public sectors. Rona is passionate about technology and innovation, meeting with the greatest minds and ideas of talented entrepreneurs looking to make an impact. At iAngels, Rona focuses on seed and series A investments and has built special expertise around Frontier Technologies, Automotive and UAVs, Agro and FoodTech and is a big follower of trends in AI and computer vision.