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

This June we tracked 38 announced investment rounds totaling $841 million, and 2 exits totaling $317 million, including the acquisition of EPD by Philips in a deal that could potentially reach up to $530M, based on milestone payments.

This month we are also closing the first half of 2018 with a total of $2,446 million invested in Israeli startups, including $427 million invested in Cyber, $344 million invested in Fintech and $192 million invested in Autonomous cars and mobility startups.

Read on for the full scoop!

 

June 2018 Investment Highlights

 

Seed Rounds

 

Series A Rounds

 

Series B Rounds

  • Claroty, a developer of a cybersecurity solution to protect industrial control networks, has raised a whopping $60 million investment round led by Temasek, with participation from Rockwell Automation, Siemens (Next 47), Schneider Electric (Aster Capital), Envision Ventures, and others, including previous investors.
  • BigID,  a developer of a solution to secure customers data and meet GDPR regulation, has raised a big $30 million Series B round, which comes on the heels of closing their $14MA investment in January. The round was led by Scale Venture Partners with participation from previous investors ClearSky Security, Comcast Ventures, Boldstart Ventures, Information Venture Partners and SAP.io.
  • Yoobic, a solution to track merchandising and marketing operations in a retail store, has raised a $25 million investment round led by Insight Venture Partners, with participation from Felix Capital, which led the startup’s Series A.
  •  Vi, an Artificial Intelligence Personal Trainer, has raised a $20 million investment round from Joy Ventures, Square Peg Capital, New Era Ventures, Cerca Partners, Triventures, Wellborn Ventures, and FGI Capital Partners.
  • Preempt, a provider of identity and access threat prevention that allows enterprises to preempt threats in real time, has raised $17.5 million in a Series B financing round with investments from ClearSky, Blackstone, Intel Capital and General Catalyst.
  • Cynet, a developer of cyber detection and response platform, has raised $13-million in a Series B financing round led by Norwest Venture Partners, Shlomo Kramer and returning investor Ibex Investors.
  • Orasis Pharmaceuticals, a company developing a solution to replace reading glasses with eye drops, has raised $13 million in a series B round led by led by ophthalmology-focused Visionary Ventures, with participation from Sequoia Capital, SBI Japan-Israel Innovation Ventures, and LifeSci Venture Partners.
  • JoyTunes, music teaching platform, has closed $10 million financing round from Insight Venture Partners, Aleph, and Genesis Partners. 
  • Codefresh, a platform for devising and deploying CI/CD software, has raised an $8 million B round led by M12, the venture capital fund of Microsoft. Previous investors Hillsven Capital, Viola Ventures, and the CEIF fund also took part.
  • TinyTap, an educational game creation platform, has a closed a $5 million funding round led by Aleph venture capital fund and with the participation of previous investors, including Inimiti, Radiant and ReInvent. 
  • Guardian Optical Technologies, a computer vision startup that aims to develop an in-car platform that improves passing safety, has closed a $3.1 million funding round led by the Toyota-backed Mirai Creation FundGoldbell Investments, and Translink Capital

 

 

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,
Avi

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