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

This September we tracked 46 announced deals totaling to $890 Million, and 3 exits totaling to $270 Million

IT & Enterprise Software was the leading sector this month. Fundbox, a company that leverages machine learning to assess the creditworthiness of businesses, has raised $176 Million in a growth round from Allianz, Battery Ventures, Blumberg Capital, Cathay Innovation, Hanaco VC, Khosla Ventures, among many other investors. Snyk, a company providing developers with an open-source security solution, closed $70 Million led by Accel with the participation of Boldstart, Canaan Partners, Fundfire, GV and Heavybit.

On the M&A side, we saw two larger acquisitions – Cheetah Medical and EViation. Cheetah Medical, a company that provides solutions in non-invasive Cardiac Output and Hemodynamic monitoring, was acquired by Baxter Group for $190 Million. EViation, a company that develops drones for transportation (capable of carrying up to 9 people), was acquired by Clermont Group for $76 Million (Clermont acquired 70% of the company).

 September 2019 Investment Highlights

Seed Rounds

A Rounds

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,
Massimo

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