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
- Kzen, a startup that provides crypto custody services has raised a $4 million seed round led by Samsung NEXT, with the participation of Benson Oak Ventures.
- Skyline Robotics, a robotics startup that turns existing machinery in high-rise buildings into window cleaning robots, has closed a $3 million Seed round, led by Gefen Capital with participation from ICONYC and the Israeli government
- Gynica, an Israeli lab providing clinical trial services to companies that are developing a wide range of medical cannabis products, has raised $2.3 million from an Israeli company, Asana Bio Group Ltd.
- Valid Network, blockchain cybersecurity startup has raised $2 million in a seed round led by Jerusalem Venture Partners.
- Wasteless, a company offering consumers differentiated pricing for food products based on their expiration date, has raised $2 million in a seed round led by Amsterdam based Slingshot Ventures.
- IntraPosition, a startup offering in-store geolocation services for grocery stores, has raised a $1.5 million seed round led by Terra Ventura Partners.
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
- Climacell, a technology company that finds and forecasts location-specific, short-term weather, has closed $45 million in Series B funding led by Clearvision Ventures with participation Ford Smart Mobility LLC and Envision Ventures.
- Glassbox, a company that offers a platform that collects and analyzes consumer behavioral data across digital platforms and mobile applications, has closed a $25 million financing round led by Washington, D.C.-based software growth fund, Updata Management.
- Cognata, a company that develops a simulation program for training artificial intelligence-based systems, has raised $18.5 million round led by Airbus Ventures, E.Merge Group, and Maniv Mobility.
- Hysolate, have developed a technology that protects computer networks against cyber attacks by separating the operating systems for regular internet use, has closed an $18 million round led by Bessemer Venture Partners and Innovation Endeavors.
- VayaVision, a startup that provides precise 3D imaging of a vehicle’s environment, has closed an $8 million funding round led by Viola Ventures, Mizmaa Ventures, and OurCrowd Ltd.
- Placer.ai, which uses smartphone tracking data to help businesses make decisions, has raised $4 million in a round led by IrishAngels Ventures, with participation from Array Venture and Stage Venture Partners.
- Jfrog, the company that provides software developers with a binary repository management solution, has closed a $165 million funding round led by Insight Venture Partners with the participation of Geodesic Capital and Spark Capital.
- Demisto, a company that offers a cyber management platform designed to help security teams detect and react to cyber attacks, has closed a $43 million round led by Greylock Partners.
- WhiteSource, a business that empowers businesses to develop better software by harnessing the power of open source, has closed a $35 million round led by Susquehanna International Group, with the participation from M12, and 83North.
- CTERA, a company that provides cloud storage, file sharing, and data protection services to enterprises including McDonald’s and the U.S. Department of Defense, has raised a $30 million Series D funding round led by Red Dot Capital Partners with the participation of Vintage Investment Partners, Benchmark Capital, Bessemer Venture Partners and Viola Group.
- Kaminario, a company that develops all-flash storage arrays for databases, data mining, business intelligence, and web applications. Has raised a $25 million round led by Western Digital Capital.
- EyeSight, a system that utilizes computer vision to provide hands-free interaction with smart homes and IoT devices and automotive systems, has raised $15 million in a round led by Jebsen Capital with the participation of Arie Capital and Israeli bank Mizrahi Tefahot.
- Nyotron, a company that develops and sells software that identifies hacking attempts by monitoring the work of the operating systems on personal computers, has received $10 million investment from IT marketplace company, Ingram Micro Inc.
- Equinom, a computational breeding company developing high-protein legumes and other non-GMO specialty crops for the food industry, has received $4 million investment from Roquette Frères S.A. as part of a partnership agreement.
M&A and IPOs
- Elastic, a company that develops a cloud-based open source search and analytics engine, has raised a $252 million at $36 per share at their IPO on Nasdaq.
- Gamida Cell, a company focused on developing novel cell therapies as a potentially curative approach for patients, has filed for a $69 million initial public offering on the Nasdaq.
- LogicBio, an enterprise that develops treatments for rare diseases using a technology that enables the insertion of corrective genes into a patient’s genome, has raised $70 million during its Nasdaq IPO.
- Imperva, a company that provides protection to enterprise data and application software, was acquired by Thoma Bravo LLC, an American private equity firm, for a total deal value of approximately $2.1 billion.
- Sygnia, a cybersecurity company that operates consulting and incident response services to businesses and organizations, was acquired by Temasek Holdings, a Singapore governmental holding, for an estimated $250 million.
- Perfecto Mobile, a mobile quality assurance company, was acquired by Perforce Software Inc., a U.S. based software company, for an estimated $200 million.
- Dome9, develops SaaS-based cybersecurity technology for multi-cloud deployments, was acquired by Check Point Software Technologies Ltd., a network and cloud security provider, for an estimated $175 million.
- Starhome Mach, a company that enables seamless and secure roaming and IoT connectivity, was acquired by Vista Equity Partners Management, an American private equity, and venture capital firm, for an estimated $100 million.
- Therapix, a startup that develops cannabinoid-based drugs for the treatment of neurological conditions, pain management, and infectious diseases, was acquired by FSD Pharma Inc., a licensed producer of marijuana, for a reported $48 million.
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