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

This September we tracked 23 announced investment rounds totaling $867 million, with a huge $400 million round raised by Compass at a $4.4 billion valuation. 

This month we also tracked 3 exits totaling in $1.8 billion, led by the acquisition of Mazor Robotics Ltd. for $1.6 billion This is the largest amount ever paid for an Israeli company in the medical sector, beating the $1.1 billion that Mitsubishi Tanabe Pharma paid for Neuroderm last year. 

Read on for the full scoop!

 

September 2018 Investment Highlights

 

Series Seed Rounds

 

Series A Rounds

  • Spacemesh, a developer of a base layer protocol for a new blockchain infrastructure, has closed a $15 million Series A financing round led by Polychain, with the participation of MetaStable, Paradigm, Coinbase Ventures, Bain Capital, iAngels, and other investors. 
  • Source Defense, a cybersecurity startup that prevents websites from third-party vulnerabilities, has raised $10 Million in Series A funding round led by AllegisCyber, with participation from Jerusalem Venture Partners (JVP), Global Brain and Connecticut Innovations
  • Setoo, an insurance and protection-as-a-service startup, closed a $9.3 million Series A financing round led by Kamet, AXA’s Insurtech startup studio.
  • BrandTotala marketing intelligence startup, has closed a $6 million Series A financing round led by Flint Capital with participation from NHN Investment, One Way Ventures, FJ Labs and previous investors Glilot Capital Partners and Keshet Dick Clark Productions.
  • ZenCity, a startup that analyzes online conversations and reports trends and sentiments to city officials, has raised $6 million in a series A round of funding from Vertex Ventures, Microsoft’s M12 venture fund, and Canaan Partners Israel.
  • Taxel, a developer of a white label platform for immersive live and on-demand VR/AR experiences, has raised a $3 million financing round from Cornerstone Venture Partners, Start Capital, F2 Capital, Alchimia Investments, and 500 Startups.
  • Seedo (listed as Eroll Grow Tech Ltd.), a home cannabis farming startup,  has raised a $2 million financing round from Cannabics Pharmaceuticals Inc.

 

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.

 

[contentblock id=cta-deal-digest]

Best,
Rona

[contentblock id=9 img=gcb.png]