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

This March we tracked 28 announced deals totaling $483M, and 7 exits totaling $7.8B.

Semiconductors and Enterprise Software were the leading sectors this month. Innoviz, a leading manufacturer of high-performance, solid-state LiDAR sensors and perception software that enable the mass-production of autonomous vehicles, raised $132M in a Series C financing round with the participation of 360 Capital Partners, Shenzhen Capital Group, Softbank Ventures Asia, Vertex together with Corporate VC, and Samsung Catalyst Fund among others. LightBits Labs, a company that is reinventing the way storage and networking are conducted in cloud data centers, received $50M in a Series A financing round led by a Corporate VC, Dell Technologies, with the participation of Cisco Investments, Micron Ventures, Square Peg, and Walden International.

On the M&A side, we saw three large acquisitions including Mellanox, Dynamic Yield and OrthoSpace. Mellanox, a leading semiconductor supplier of end-to-end InfiniBand and Ethernet interconnect solutions and services for servers and storage, was acquired by NVIDIA for $6.9B. Dynamic Yield, a leading provider of automated conversion optimization tools for marketers and retailers, was acquired by McDonald’s for $300M. OrthoSpace, a company that develops and commercializes simple-to-implant, biodegradable balloon systems for the orthopedic market, was acquired by Stryker for $220M.

 

March 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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