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

This June we tracked 27 announced deals totaling approximately $560 Million, and 8 exits worth over $1.5 Billion

IT & Enterprise Software and Life Sciences were the two top-performing sectors this month. Pagaya, an alternative asset manager utilizing data-driven investment techniques in the fixed income and alternative credit markets, raised $102m from a variety of international and Israel-based VCs, including Aflac Global Ventures and Viola Ventures. SQream, a provider of a data analytics, acceleration platform, that enables enterprises to gain insights from their massive data stores, raised $39.4m in Series B+ funding led by Mangrove Capital Partners and Shusterman Family Investments. Kitov, a clinical-stage company that advances therapies to overcome tumor-immune evasion and drug resistance in order to create successful, long-lasting treatments for patients with hard-to-treat cancers, raised $35m from healthcare-focused institutional investors.

On the M&A side, we tracked one major deal in the IT & Enterprise Software space. Spotinst (Spot), which revolutionizes the way companies consume cloud infrastructure services, using analytics and automation to deliver cost-efficient infrastructure in the cloud was acquired by NetApp for $450m. Looking at Initial Public Offerings (IPO), we tracked the largest deal being Vroom, a used car retailer, and e-commerce company that enables consumers to buy, sell and finance cars online, which IPO’d on the Nasdaq raising $468m from its public offering. 

June 2020 Investment Highlights

Seed Rounds

 

 

A Rounds

 

 

B Rounds

 

 

C 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 deal digest. If you’d like to receive a version directly to your inbox, please subscribe below.

[contentblock id=cta-deal-digest]

Best,

The iAngels Team