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

Over the past month, the world has been rocked by the rapid and global spread of the Coronavirus. Most countries went into lockdown to contain the spread of the virus. As a result, economic activity slowed across the world. 

This March we tracked 20 announced deals totaling approximately $297.65 Million, and 2 exits totaling approximately $1.45 Billion

Miscellaneous Semiconductors and IT & Enterprise Software were the two top performing sectors this month. Hailo, a company that develops a breakthrough microprocessor based on a disruptive proprietary technology for deep learning applications, that will deliver data center performance to edge devices, closed $60 Million in a series B financing  round co-led by ABB Technology Ventures and NEC with participation from Glory Venture, Latitude Ventures, Maniv Mobility, Next Gear Fund, OurCrowd and Private Investors. Axonius, a cybersecurity asset management company that gives organizations a comprehensive asset inventory, uncovers security solution coverage gaps, and automatically validates and enforces security policies, closed $58 Million in a series C financing round led by Lightspeed with participation from Bessemer, Emerge Fund, OpenView, Vertex, WTI and YL Ventures. 

On the M&A side, one large acquisition was made in the field of IT & Enterprise Software and one other acquisition in the field of Life Sciences. Checkmarx, a company that develops software solutions used to identify, fix and block security vulnerabilities in web and mobile applications, was acquired by Hellman & Friedman for $1.15 Billion. STERO Biotechs, a company that develops cannabidiol (“CBD”) for co-administration with steroids, so that the effective doses of steroids can be significantly reduced, thereby potentially avoiding or reducing the many safety issues relating to steroid administration, was acquired by Kalytera for $30 Million.

March 2020 Investment Highlights

A Rounds 

B Rounds 

C Rounds 

Growth/Miscellaneous Rounds 

M&A and IPOs

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Best,

The iAngels Team