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

This February we tracked 25 announced deals totaling $326M, and 2 exits totaling $52.5M, including the acquisition of Ivy by houzz for a reported $35M.

The leading sectors this month were Cybersecurity, with 4 financing rounds (Perception Point, CyberX, Morphisec and Aperio), Fintech with 4 financing rounds (Nayax, Tipalti, Blender and Bond) and the mobility sector with Moovit, Anagog, and Otonomo raising a total of $63M.

Read on for the full scoop!

 

February 2018 Investment Highlights

 

Seed Rounds

 

 

 

Series A Rounds

 

Series B Rounds

 

  • CyberX, a developer of continuous ICS threat monitoring and risk mitigation platform for industrial control systems, has raised $18M in a Series B funding round, led by Norwest Venture Partners, including previous investors Glilot Capital Partners, Flint Capital, ff Venture Capital, and OurCrowd.
  • Blender, a peer to peer lending platform, has raised $16M in capital and debt. The capital offering was led by Blumberg Capital, and the debt was raised from European Eiffel Investment Group.
  • Morphisec, a cybersecurity company developing Moving Target Defense for Endpoints, has raised $12M in a Series B round of funding from Orange Digital Ventures, the digital investment arm of Orange, as well as existing investors Jerusalem Venture Partners, GE, and Deutsche Telekom.
  • Perflow Medical, a medical device company that develops innovative tools for neurovascular interventions, has closed a $12M financing round from existing investors.
  • Anagog, a developer of a technology that monitors and analyzes mobility patterns using smartphone sensors, has raised $10M ina  Series B financing round from the German auto manufacturer Daimler.
  • SMART Medical, a medical device company developing a novel add-on balloon device that assists visualization of the colonoscopy, has closed an $8M financing round led by Signet Healthcare Partners. 
  • Saturas, a company developing an Advanced Decision Support System (ADSS) for automatic irrigation based on a stem-water potential (SWP) sensor, has closed a $4M financing round from Hubei Forbon Technology Co. Ltd., a leader in the field of fertilizer additives for agriculture in China and worldwide, Ramat Magshimim, a collective farm in Israel, and Miguel Torres Winery SA, one of the largest wineries in Spain. 
  • Otonomo, a company that offers technology to monetize the data collected by cars, has closed a $3M investment from NTT Docomo Ventures Inc., the venture capital arm of the Japanese telecommunications company. This investment is in addition to a $25M B round raised by the company in April 2017. 

 

Growth/Miscellaneous Rounds

 

 

 

M&A and IPOs

 

On behalf of everyone at iAngels, I’d like to thank you for tuning into our 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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