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

This October we tracked 41 announced deals totaling $611M, and ten exits totaling in $3.2B

IT & Enterprise software was the leading sector this month with Cognata raising $18.5M in a second funding round, JFrog, a company that integrates with practically any development environment on earth, raising $16M, Climacell, a company that finds and forecasts short-term weather raising $45M. On the M&A side, we saw the outstanding acquisition of Imperva by Thoma Bravo LLC FOR $2.1B and the acquisition of Sygnia by Temasek Holdings, Singapore’s governmental holding, for an estimated $250M.

Read on for the full scoop!

 

October 2018 Investment Highlights

 

Series Seed Rounds

Series A Rounds

  • 89bio, a startup developing treatments for an increasingly problematic form of liver disease, has closed a $60 million round led by OrbiMed Israel and OrbiMed US, and Longitude Capital, with participation by RA Capital Management and Pontifax
  • HEED, a startup that uses artificial intelligence and IoT to track sports, and entertainment events and automatically provides users with insights and analytics has closed a $35 million round led by SoftBank Group International.
  • Kitov Systems, a robotics startup that develops artificial intelligence-based solutions for visual inspection in industrial manufacturing, has closed a $10 million round led by industrial automation group HAHN Automation GmbH, with the participation of Tokyo-based Global IoT Technology Ventures Inc
  • Snappy Gifts, a startup that offers an interactive digital experience by allowing team members to choose the gift they actually like from personalized options, has closed an $8.2 million round led by 83North with the participation of Hearst Ventures.
  • Jolt, a startup that offers professional video courses to tech workers in all career stages, has closed a $7.2 million round led by UK based Octopus Ventures, Hillsven Capital LLC and Jerusalem-based Pico Partners LLC.
  • PureSec, a security platform startup that maintains secure and reliable serverless applications, has closed a $7 million round led by Square Peg Capital with participation from previous investors including TLV Partners and Entrée Capital.
  • ciValue, a retail analytics startup that offers customer analytics, data monetization, and advisory services completed a $6 million first round led by Nielsen and Sonae IM.
  • Kindite, an encryption startup with a cloud-based platform designed to automate the encryption of organizational data without viewing its content, has completed a $4 million funding round led by RDC, a joint venture of Israel-based arms developer Rafael Advanced Defense Systems Ltd.
  • Quicargo, a logistics startup that connects empty trucks with companies that need them has raised $3.9 million in a funding round led by SLJ Investment Partners.
  • Stellares, A startup that develops a system for matching companies with candidates in the labor market, has closed a $3.5 million seed financing round led by Jerusalem Venture Partners.
  • Papaya Global, a startup that offers a system that automates payroll processing and labor law compliance, has closed a $3 million funding round led by New Era Ventures with the participation of Venture capitalist Sir Ronald Cohen.
  • Workiz, a mobile app for managing teams and clients intended for small businesses, has raised $2 million in a seed round led by Aleph Venture Capital.
  • MyInterview, a cloud-based video interview platform, has raised $1.6 million in a funding round led by Cliff Rosenberg and Entrée Capital.

 

Series 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,
Rona

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