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

This May we tracked 24 announced deals totaling $183 million, in addition to a massive $200 million asset-backed credit loan raised by BlueVine. It was also a good month for iAngels portfolio companies with indeni and Lending Express raising new financing rounds and new iAngels investments in Spacemesh, a company developing a new and improved blockchain operating system for smart contracts.

On the exit front, we tracked 4 deals totaling $492 million, including the acquisition of Loop Commerce by Synchrony, for an estimated $250 million and the acquisition of Velostera by Google for an estimated $150M.

Read on for the full scoop!

 

May 2018 Investment Highlights

 

Seed Rounds

 

Series A Rounds

 

Series B Rounds

  • SafeBreach, a company providing comprehensive Breach and Attack Simulation platform has closed a $15 million financing round led by Draper Nexus with participation from PayPal and existing investors Sequoia Capital, Deutsche Telekom Capital Partners and HPE Pathfinder.
  • Tailor Brands, a startup that automates parts of the branding and marketing process for small businesses, has closed a $15.5 million Series B round led by Pitango Venture Capital  Growth Fund and British Armat Group, with participation from Disruptive Technologies and Mangrove Capital Partners.
  • Namogoo, a company that identifies and solves the problem of online Journey Hijacking, that costs online businesses millions in stolen revenue each year, has closed a $15 million Series B round led by Hanaco Venture Capital.
  • Indeni, a company providing network monitoring and automation solutions has raised $14 million in a financing round led by RTP, including State of Mind Ventures, Caremi Partners, and existing investor Sequoia Capital and iAngels.
  • Nanit, a developer of a smart baby sleep monitor has closed a $14 million Series B financing round led by Jerusalem Venture Partners (JVP) with participation from existing investors Upfront Ventures RRE Ventures, Vulcan Capital and Vaal Investment Partners.
  • Magos, a company that designs and manufactures state-of-the-art staring radars for perimeter detection and Protection/Security has raised a $1 million financing round from Tyco, one of the largest defense and security integrator in the world.
  • Rootility, a root focused plant breeding company, has closed a $10 million series C financing round led by ADM Capital’s Cibus Fund and with the participation of existing investors GreenSoil Investments and Middleland 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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