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

This May we tracked 28 announced deals totaling at approximately $582.5 Million, and 3 exits of $1.085 Billion

IT & Enterprise Software and Miscellaneous Semiconductors were the two top performing sectors this month.  Verint, a company that provides end-to-end programs and consulting services to deliver actionable intelligence for customer engagement optimization; security intelligence; and fraud, risk, and compliance, received $200 Million from Apax Partners. Xsight Labs, a company that developed chipset semiconductors designed to accelerate data-intensive workloads, collected $55 Million in a series B financing round from A&E Investments, Atreides Management, Battery Ventures, Inphi, Intel Capital, M12, Valor Equity Partners, Xilinx Ventures and Private Investors. 

On the M&A side, we tracked one large acquisition in the sector of Communications. Moovit, a free local transit planner, featuring live arrival & departure times, updated line schedules, local station maps, and service alerts, was acquired by Intel for $1 Billion. We also tracked one IPO in the field of Life Sciences. Ayala Pharmaceuticals, a clinical-stage precision oncology company dedicated to developing and commercializing potential small molecule therapeutics for patients suffering from rare and aggressive cancers, collected $55 Million in its Initial Public Offering on the NASDAQ Global Market.

May 2020 Investment Highlights

Seed Rounds

A Rounds 

B Rounds 

C Rounds 

Growth/Miscellaneous Rounds 

M&A and IPOs

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Best,

The iAngels Team