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

A Rounds

 B Rounds 

Growth/Miscellaneous Rounds

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.

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Best,
Massimo

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