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

This August we tracked 17 announced investment rounds totaling $326 million, with a notable focus towards later stages – This month there were no Seed rounds announced and only $26 million raised in A rounds across 6 startups. 

Read on for the full scoop!

 

August 2018 Investment Highlights

 

Series A Rounds

 

Series B Rounds

  • Spotinst, a startup that helps companies pay less for their cloud services by accessing excess capacity from cloud computing providers, has raised $35 million in a series B round of funding led by Highland Europe, with participation from Intel Capital, Vertex Ventures, and Leaders Fund.
  • Carbyne, a developer of a new emergency callout platform that helps providers pinpoint a callers’ exact location and enable other services to improve and speed up communication and response times, has raised a $15 million financing round Led by Elsted Capital Partners, with participation from Founders Fund, the VC that has backed the likes of Facebook and Airbnb.
  • Pagaya, a company that provides AI-based asset management solution for institutional investors, has closed a $14 million Series B financing round co-led by OAK HC/FT and Harvey Golub, with the participation from GF Investments, Siam Commercial Bank, Clal Insurance Ltd. and Pagaya’s seed investor, Viola Ventures. 

 

Growth/Miscellaneous Rounds

 

 

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.

 

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Best,
Avi

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