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

A Rounds

B Rounds

Growth/Miscellaneous Rounds

M&A and IPOs

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