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iAngels Israeli Deal Digest – November 2020
December 7, 2020 /in Monthly Deal Digest, News /by Massimo
Deal Digest November 2020
Welcome to the iAngels Monthly Deal Digest, a summary of corporate developments in the Israeli startup market.
This November we tracked 49 announced deals totaling at approximately $2 Billion, 7 IPOs of approximately $364 million and 5 acquisitions of approximately $193 million.
Healthcare and Insurtech were the two top performing sectors this month. Novocure, a global oncology company striving to extend survival in some of the most aggressive forms of cancer, announced the closing of its previously announced offering of $575 million aggregate principal amount of its 0% Convertible Senior Notes due 2025, which includes the exercise in full by the initial purchasers of their option to purchase an additional $75 million aggregate principal amount of notes, in a private offering. Hippo, an insurtech company Hippo Enterprises Inc. has received a $350 million investment, doubling its previous total funding. The massive capital investment was made by Japan's Mitsui Sumitomo Insurance Company, Limited, a subsidiary of MS&AD Insurance Group Holdings, Inc. Hippo analyzes data from municipal building records, satellite imagery, and smart home devices to enable customers to instantly qualify for coverage. The company also monitors the insured assets and lets users know when repairs or weather protections are needed.
On the M&A side, Voca.ai, a company which has developed technology that seeks to change the call center industry by introducing AI-based virtual programs they call Voca Agents that combine the capabilities of human agents with the latest developments in AI to improve the way companies communicate with users, is being acquired for $70 million by Snap Inc., the parent company of Snapchat. Also, Ecoppia, a solar O&M solutions provider, has launched an initial public offering after securing more than $82.5 million through a public tender phase. The tender secured US$82.5 million from institutional investors, valuing the company at US$300 million, Ecoppia said. The tender was oversubscribed, with Ecoppia receiving expressions of interest totalling US$144.75 million received from institutional investors. Public demand within the tender phase was also oversubscribed with US$76.74 million of interest recorded despite just US$1.5 million of allocated shares. Ecoppia is now to list on the Tel Aviv Stock Exchange.
Seed Round
Zesty, a real-time cloud cost optimization solution, closed a $6.6 million seed round led by S Capital. Zesty's automated, AI-driven cloud platform harnesses real-time data instead of relying on cost and usage reports generated by the cloud providers, which usually have a 2-3 days delay. The capability to analyze cloud costs and usage in real-time allows Zesty to develop cutting-edge solutions to tackle cloud waste optimization and reduce cloud costs by an average of 50%, while also reclaiming hundreds of engineering hours.
Build.security, a cybersecurity company build.security completed a $6 million seed round led by YL Ventures with participation from George Kurtz, the co-founder and CEO of CrowdStrike, which is considered one of the leading cyber companies in the U.S. The company offers a new approach to authorization, providing developers with the building blocks they need to quickly generate and manage best-practice authorization controls across enterprise applications at scale.
Vanti Analytics, a manufacturing AI company, which is developing a self-service platform that helps manufacturing operations teams increase yields and throughput for electronic products. completed a $4.5 million seed funding round led by Silicon Valley venture capital firm True Ventures and Israel's More VC.
Listory, a startup trying to transform content curation, has launched with a $4 million seed funding round led by Viola Ventures, Globis Capital and Rhodium. The company, which is headquartered in New York, was founded in March 2020 by Yaniv Gilad and Yaron Galai after completing a management buyout from Outbrain. In a world of endless media output and consumption, Listory wants to provide a newsfeed that is stocked with quality, relevant content. It is developed iOS, Android and web apps that curate articles, videos or podcasts according to the user's taste.
KonnecTo, the leading consumer intelligence platform enabling brands to gain visibility into the earliest stages of the consumer journey, announced the completion of a $3.5 million seed round, led by TPY Capital, with participation from Differential Ventures, Magna Capital Partners, SeedIL Ventures and Hike Ventures. Marketers are often left with blindspots when trying to understand and influence the earliest stages of both their own and their competitors' consumer journeys. Konnecto's platform enables marketing professionals to apply unique and novel data science at the SKU level of consumers' anonymized digital footprints in order to analyze the digital paths to purchase.
Propdo, a property tech company developing technology capable of predicting residential real estate property prices based on an algorithm which analyzes a range of parameters that impact a real estate asset's price including, macro-economic trends, demographics, approved zoning and construction plans, transportation infrastructure, population makeup trends, environmental factors, and urbanization policies, raised $2 million from Dori Davidovitz and Alon Kessel, the majority shareholders of Doral Renewable Energy Resources Group, which went public on the Tel Aviv Stock Exchange this year.
HighLander, a startup that developed optimized Autonomous Airports for Commercial Drones as an end-to-end drone flight plan solution, has raised $3 million in a seed round led by Paras Defence and Space Technologies with participation from AGV.
A Round
AI21, a startup which is developing a Wordtune, a writing companion powered by AI technology that is capable of understanding context and meanings. It aims to help distill thoughts into the right words, rather than a copy editor focusing only on spelling and grammar mistakes, completed a $25 million series A round led by Pitango First, the seed and early stage fund of Pitango's investment platform, with participation from TPY Capital.
BeyondMinds, an AI startup with a platform that is developed to allow big organizations to integrate AI solutions broadly and quickly. Among BeyondMinds' clients are household brands such as Microsoft, Samsung and KPMG, as well as large defense sector organizations and leading financial institutions, completed a $15 million series A round led by Israeli venture capital fund Grove Ventures, headed by Dov Moran.
Obligo, a fintech startup completed a $15.5 million funding round, with $2 million coming via debt from Viola Credit. The round was led by Israeli venture capital firm 10D, with the participation of 83 North and Entrée Capital, who both also invested in the company's seed round. Several real estate investors from the U.S. also took part. The new round took Obligo's total funding to $20 million. Obligo offers an alternative to the security deposit—the sum of money required by most landlords when renting an apartment. Obligo's solution has renters provide landlords with a limited billing authorization based on open banking technology and backed by credit. In the event of a claim at the end of a tenancy, Obligo pays landlords immediately, collecting the money from the tenants in installments.
Envoy, a startup founded by Israeli Ori Sagie which provides electric vehicles and charging stations for apartment buildings and communities in the U.S., completed a $81 million investment round. The funding includes an $11 million series round A, led by Shell Ventures, the investment fund of one of the largest energy corporations in the world, and Building Ventures, with participation by DENSO, Goodyear Ventures, Los Angeles Clean-tech Incubator and GroundBreak Ventures. The remaining $70 million was raised through debt from financial services multinational Macquarie Services.
Omnix Medical, a company which is developing novel antibiotic agents for the treatment of hospital-acquired infections involving drug-resistant bacteria, completed an $8.5 million round led by Tal Capital and Entrée Capital, with participation by the CBG Group, Xenia Ventures, VLX Ventures, and with the support of the Israel Innovation Authority. Omnix medical has successfully completed testing in animals that proved the effectiveness and safety of its solution.
Glue, an automatic loyalty management platform for small businesses, announced an $8 million series A round led by Unicorn Technologies. After a 15-minute onboarding questionnaire, Glue provides business owners with a branded members club, estimation of savings, and AI-driven loyalty features via a smartphone app.
Ride Vision, a startup that is building an AI-driven safety system to prevent motorcycle collisions, raised a $7 million Series A round led by crowdsourcing platform OurCrowd. YL Ventures, which typically specializes in cybersecurity startups but also led the company's $2.5 million seed round in 2018, Mobilion VC and motorcycle mirror manufacturer Metagal also participated in this round. The company has now raised a total of $10 million.
Zero Egg, a plant-based egg alternative for foodservice and food manufacturers that tastes, looks, and functions like an ordinary egg, raised $5 million in Series A funding led by Powerplant Ventures, and joined by existing investors Unovis Asset Management-New Crop Capital and Strauss Group-The Kitchen Hub.
WeedOUT, a bio-herbicide maker completed the final close of its Series A round, raising $4.22 million in total across two tranches. Syngenta Ventures led the round, joining the first close of $3 million in February this year. Other participants in the first close included CreditEase Israel Innovation Fund and Zora Ventures.
ReSec, a startup focusing on malware threat prevention and cybersecurity, raised $4 million in funding for a series A. The round was led by QBN Capital with participation from HDI Group, one of Europe's largest European insurance groups, Disruptive Ventures, a U.S.-based investment house, and Israel-based PICO Venture Partners. ReSec's 'Content Disarm and Reconstruction' technology has a zero-trust approach, ensuring that every document that enters an organization is functional and threat-free from malware attacks. Its solution protects companies from both known and unknown attacks from a variety of entry points. The software solution is installed on-premise or on the cloud.
SeeTree, an intelligence network that uses drones, machine-learning algorithms, and sensor technology to provide farmers with actionable analytics to help them monitor their crops and evaluate the strength of their trees, raised $3 million from Orbia, a Mexico City-based conglomerate providing specialty products and solutions for the agriculture, building and infrastructure, healthcare, and telecommunications industries.
Riverside.fm, a video podcasting platform received $2.5 million in seed funding led by Oren Zeev, an Israeli-American venture capitalist and head of Zeev Ventures. The company developed a system to record podcasts and high quality videos, and has numerous big name clients, including Hillary Clinton, BBC, Disney, Spotify, Marvel, and Verizon Media.
Mobi, a startup which develops a smart transportation management platform, announced the closing of a $2 million Seed round from ExitValley. The company developed an AI-powered platform for better and more efficient management of traffic, in an effort to reduce the increasing vehicle congestion on the highways and urban roads. The startup's TMaaS (Traffic-Management-as-a-Service) platform provides policymakers and traffic control optimized management capabilities over the traffic grid and urban roadway.
Fibo, a startup which is developing a digital platform for tax refunds, completed a $1.5 million from Discount Capital and Uri Levine. The company's process is free and checks the user's refund for the last six years to see if they've overpaid. If so, the company returns the money from the state without any involvement from the customer. The company's technology consists of a bot that tracks and automates the operations of the accountant and a platform that interfaces with dozens of companies, government agencies, and other sources of information using natural-language processing technologies and optical character recognition.
Limaca Medical, a medical device company closed $1.25 of a $1.5 million round for their precision product which improves endoscopic ultrasound-guided biopsies performance and uses an automated revolving needle to obtain core tissue for histopathological testing, or for further analysis under a microscope, perfecting accuracy.
B Round
Percepto, an autonomous inspection industrial robotics company announced a strategic investment of $45 million in Series B funding led by Koch Disruptive Technologies (KDT) and with the participation of USVP and Spider Capital, as well as new investors State of Mind Ventures, Atento Capital, Summit Peak Investments, and Delek US. This brings the total investment in the company to $72.5 million.
Cellwize, a company developing a smart RAN automation and orchestration platform that can help accelerate deployment of 5G networks, completed a $32 million series B financing round led by Intel Capital, Qualcomm Ventures and with the participation of Samsung Next and Verizon Ventures, and current investors including: DTCP, Viola Ventures, Vintage, GreenApple and Sonae IM. Cellwize had previously raised $24 million, with a large portion of its 2015 round being debt.
Fireblocks, a cybersecurity startup, which develops a blockchain security service, completed a series B round of $30 million, taking its total funding to date to $46 million. This round was led by Paradigm with participation from existing investors: Tenaya Capital, Swisscom, Galaxy Digital, Digital Currency Group (DCG), Cedar Hill Capital and Israeli serial entrepreneur Gili Raanan's Cyberstarts, which counts Shlomo Kramer and Mickey Boodaei among its investors.
Unbound Tech, a cyber company, which specializes in cryptographic key management and protection, raised $20 million in series B funding. Unbound's key orchestration platform provides the cryptographic infrastructure to enable enterprises around the world to secure and manage all their information and digital assets. The most recent round was led by Evolution Equity Partners, which joins existing investors Innovation Endeavors, Goldman Sachs, Citi, and BlueRed Partners.
Novidea, an insurtech company, which has developed a system to help improve the efficiency of brokers and agents, raised $15 million in a series B funding round led by the JAL Ventures Fund II, with participation of previous investors Salesforce, KT Squared LLC, and 2B Angels.
Intelligo, a business intelligence startup, which has developed an automated due diligence and personnel background platform based on AI, raised $15 million in a Series B financing round led by Behrens Investment Group and including several existing investors. Intelligo has raised a total of $22 million to date.
Lightico, a startup which develops digital customer interactions platforms, announced the completion of a $13 million investment round led by Oxx, with participation from Capital One Ventures and Harmony Partners. The new funding round brings the company's total amount raised to $27 million. Previous Lightico investors: lool Ventures, Crescendo Venture Partners, Mangrove Capital Partners, and Spinach Angels, also participated in the round. According to Lightico, traditional eSignature solutions are limited to B2B document management processes, operating as a disconnected point solution. Lightico equips B2C businesses with an easily customizable, and mobile-first platform that integrates seamlessly into existing workflows and can complete entire customer journeys from end-to-end.
C Rounds
Verbit, a startup which develops automated transcription software raised $60 million in a series C funding round led by Sapphire Ventures. Existing backers Viola Ventures, Vertex Ventures, HV Ventures, and Claltech, the tech investment arm of privately held holding company Access Industries Inc. also participated in the current round. The new capital brings the company's total raised to $100 million. Verbit's software combines artificial intelligence and human intelligence to provide a smart and quick professional level transcription solution.
ControlUp, a developer of technology for managing end-user computers in large enterprises, announced the completion of a $27 million fund-raising round, bringing the total raised by the company to date to $40 million. The round was led by Jerusalem Venture Partners (JVP) and K1 Investment Management. ControlUp's solution enables enterprises to identify, in real time, breakdowns or low performance in computing resources, and to solve the problems using a range of ready-made solutions. The system makes it easier to support end-users, spot problems and overloads in the infrastructure, and find the source of a problem quickly and deal with it.
Caja Robotics, a startup which develops smart robots for warehouse logistics, announced a $12 million funding round. The investment was led by New Era Capital Partners, with participation from Angels and company stakeholders. CAJA Robotics develops two types of warehouse logistics robots – hardware and software for managing the bots. The first one is Lift Robot, a very big robot that is tasked with storage optimization, replenishment, and preparing wholesale shipments. CAJA's second product is Cart Robot, a small robot that is programmed for speed, it is responsible for retrieving the relevant package and distributing it to the next stage as quickly as possible. Both robots are controlled through CAJA Robotics' proprietary software, which utilizes Deep Learning algorithms to manage every robot's movement.
Growth/Misc. Rounds
NovoCure (NSDQ:NVCR), a global oncology company striving to extend survival in some of the most aggressive forms of cancer, announced the closing of its previously announced offering of $575 million aggregate principal amount of its 0% Convertible Senior Notes due 2025, which includes the exercise in full by the initial purchasers of their option to purchase an additional $75 million aggregate principal amount of notes, in a private offering.
Hippo, just four months after raising $150 million at a valuation of $1.5 billion, insurtech company Hippo Enterprises Inc. has received a $350 million investment, doubling its previous total funding. The massive capital investment was made by Japan's Mitsui Sumitomo Insurance Company, Limited, a subsidiary of MS&AD Insurance Group Holdings, Inc. Through this partnership, Takashi Sato, a managing partner of MS&AD Ventures, the corporate venture capital fund of MS&AD Insurance Group Holdings, will join Hippo's board of directors as an observer. Hippo analyzes data from municipal building records, satellite imagery, and smart home devices to enable customers to instantly qualify for coverage. The company also monitors the insured assets and lets users know when repairs or weather protections are needed.
Cato Networks, the Secure Access Service Edge (SASE) company announced that it has completed a $130 million financing round at a valuation of a little over a billion dollars, making it a unicorn five years after it was founded. With the completion of the round, the company's biggest ever, Cato's total capital raised reached $332 million. The round was led by California-headquartered Lightspeed Venture Partners, which also led its two previous rounds, with participation from new backer Coatue Management and existing investors Greylock, Acero Capital.
Forter, a fraud prevention company raised $125 million in a series E funding round led by Bessemer Venture Partners and Itai Tsiddon, the co-founder of Lightricks Ltd. Scale Venture Partners, NewView Capital, Sequoia Capital, Felix Capital, March Capital Partners, and Commerce Ventures also participated in the round. The current round raises Forter's valuation to more than $1.3 billion, having raised $225 million in total. Previous funding rounds included some of the biggest VC firms in the business, including Sequoia, NEA and Salesforce. The company developed a cloud-based solution to prevent fraud in electronic trade.
Inuitive, a company which developed a technology that optimizes consumer experiences and enhances competitive advantages in the areas of robots, drones, augmented reality, and virtual reality, raised $106 million from Chinese consortium Yinniu Microelectronics. Inuitive had previously raised a total of $103 million. Inuitive is a leading fabless semiconductor company in the area of 3D imaging. It has developed technology that optimizes consumer experiences and enhances competitive advantages in the areas of robots, drones, augmented reality, and virtual reality. The company's product combines algorithms, ASIC, and system solutions to realize the AI practice enabling devices to acquire more human-like capabilities.
Nano Dimension (Nasdaq:NNDM), an electronics 3D printing company announced that it had entered into definitive agreements with investors for the sale of 25 million American Depositary Shares at $4 each for gross proceeds $100 million, before fees and expenses. This was a major 31.7% discount on the company's share price on close of trade on Thursday of $5.86. On Friday, the company's share price fell 24.4% on Wall Street, giving a market cap of $316 million.
K Health, a self-diagnosis startup raised $42 million in its fourth round of funding led by Valor Equity Partners. Other investors who participated in the round include JAY-Z's Marcy Venture Partners, PICO Venture Partners, Atreides Management, and existing backers Max Ventures and 14W. K Health enables people to receive comprehensive medical insights and immediate treatment in their homes. K Health can connect its users to its wide array of certified doctors, specializing in both acute and chronic diseases, within minutes and independent of their medical insurance plans. Since the outbreak of the Covid-19 pandemic, more than a million people have turned to K Health to receive family medicine and mental health services.
Logz.io, an open-source company completed a $23 million series E round led by Pitango Growth, with participation from General Catalyst who led the company's previous round. The company develops an open-source platform for developers that detects and alerts to both current and future bugs in the system. The platform is built on popular open source programs like Jaeger, Grafana, and ELK and combines AI platforms and advanced management tools. It can be dynamically adjusted to the needs of clients and offers optimization capabilities and reduced data storing costs, as well as allowing engineers to identify critical bugs in the system. In addition, the company also offers a popular information security product which allows organizations to protect their cloud infrastructure.
AppsFlyer, the global attribution and marketing analytics leader, today announced Salesforce Ventures joined its roster of investors in a late stage extension of its $210 million series D round led by General Atlantic earlier this year, to continue its velocity through product innovation with consumer privacy at the forefront.
Evogene (NASDAQ: EVGN), (TASE: EVGN), a leading computational biology company focused on revolutionizing product discovery and development in multiple life-science based industries, including human health and agriculture, today announced that it has closed the previously announced registered direct offering pursuant to which the company entered into a definitive securities purchase agreement with an existing institutional shareholder and certain Israeli institutional investors providing for the issuance of an aggregate of 3.92 million ordinary shares at a purchase price of $2.50 per share, and 883,534 pre-funded warrants each to purchase one ordinary share. The Pre-Funded Warrants were sold at a price of $2.49 each, with an exercise price of $0.01 per ordinary share. The Pre-Funded Warrants are exercisable at any time after the date of issuance upon payment of the exercise price.
Aquarius Engines, a combustion engine developer raised $10 million from Japanese giant TPR, which manufactures functional engine components. In addition to the investment, the company also signed an agreement with TPR aimed at enhancing the performance of its pistons. The new investment takes the company's total funding to $37 million, with Israeli energy corporation Paz Group, Marius Nacht, and Musashi Seimitsu among its investors.
Weebit Nano (ASX:WBT), which is developing ReRAM non-volatile memory technology for the semiconductor industry, has raised $8.8 million (A$12 million) on the Australian Securities Exchange in an equity offering to private investors and financial institutions. The offering was priced at A$1.70 per share, representing a discount of about 20% on Weebit Nano's average share price over the past ten sessions. The offering, led by Canaccord, was substantially oversubscribed. Shareholders are able to buy additional shares to a value of $2.2 million (A$3 million) for up to two weeks from the offering date, so that Weebit Nano could ultimately raise $11 million (A$15 million). After the current offering, Weebit Nano will have $16 million cash, in addition to the exercise of marketable warrants in the coming year for an expected $13 million.
MeaTech (TASE: MEAT), a developer of industrial scale cultivated meat production technologies based on advanced 3D bioprinting, closed a $7 million funding round. The round was led by institutional investors Psagot Provident and Pension Funds, with participation from the Mor investment house as well as private investors.
SaverOne, a company which offers an in-vehicle protection system designed to prevent accidents that result from texting while driving, raised $6.4 million from an undisclosed source. The system prevents the driver from using texting applications while the vehicle is in motion, while leaving other passengers unaffected. SaverOne's patent-pending technology combines RF, machine learning, and signal processing to create a virtual canopy over the driver. SaverOne enables additional growth by providing synchronized vehicle and mobile parameters, creating an online big-data platform.
Tipa, Israeli cleantech company which develops compostable flexible packaging, has raised $4 million from foodtech R&D partnership Millenium Food-Tech. This is Millenium's third investment and it will be done as a SAFE (simple agreement for future equity) investment. The agreement provides Millenium rights to future equity in the company according to certain conditions agreed with Tipa, the R&D partnership reported to the Tel Aviv Stock Exchange.
M&A/IPO
Ecoppia, a solar O&M solutions provider, has launched an initial public offering after securing more than $82.5 million through a public tender phase. The tender secured US$82.5 million from institutional investors, valuing the company at US$300 million, Ecoppia said. The tender was oversubscribed, with Ecoppia receiving expressions of interest totalling US$144.75 million received from institutional investors. Public demand within the tender phase was also oversubscribed with US$76.74 million of interest recorded despite just US$1.5 million of allocated shares. Ecoppia is now to list on the Tel Aviv Stock Exchange.
NeoGames, which provides online gaming technology and services to lottery operators, announced terms for its IPO. Israel-based company plans to raise $72 million by offering 4.8 million shares at a price range of $14 to $16. At the midpoint of the proposed range, NeoGames would command a fully diluted market value of $392 million.
Voca.ai, a company which has developed technology that seeks to change the call center industry by introducing AI-based virtual programs they call Voca Agents that combine the capabilities of human agents with the latest developments in AI to improve the way companies communicate with users, is being acquired for $70 million by Snap Inc., the parent company of Snapchat.
Aquarius Engines, which develops energy saving piston free linear engines, is assured of raising $65 million (NIS 215 million) at a company valuation of $260 million (NIS 860 million), filing prospectus for IPO on TASE and may increase the amount raised by several million shekels in the public stage of the offering.
GenCell, a manufacturer of hydrogen fuel cell-based electricity generators, said Wednesday it has completed an initial public offering of shares on the Tel Aviv Stock Exchange, raising some NIS 205 million ($61 million) from the sale of a 25% stake in the firm, giving it a post-money valuation of some NIS 800 million.
cnvrg.io, a data science startup which develops a service for managing, speeding up, and scaling data science workflows, enabling clients to quickly develop, test, deploy, and refine machine learning models, was acquired by Intel. The price wasn't disclosed, but is believed to be around $60 million.
HighCon (TASE: HICN), the pioneer in digital finishing announced the successful completion of an initial public offering of shares on the Tel Aviv Stock Exchange. The Company raised $45 million from leading Israeli Institutional Investors in an oversubscribed offering, resulting in a $165 million valuation following the offering. The company will be traded under the ticker symbol HICN and will be included in the prestigious TASE Tel Tech Index.
Human Xtensions, a medical robotics and innovative surgery company is assured of raising $45-50 million from several institutional investors at a company valuation of $160 million, before money, in its upcoming initial public offering on the Tel Aviv Stock Exchange (TASE). The IPO is being led by the underwriters Poalim IBI.
CloudAlly, a cloud-based data backup and recovery provider was acquired by Dallas-based email security provider Zix Corporation in a $30 million cash deal.
Reps.AI, a startup specializing in AI-driven agent assistance and employee assist technology, and an iAngels portfolio company, was acquired by Knowledge management platform KMS Lighthouse. Calcalist estimated the amount to be roughly $20 million and will be transferred according to pre-set milestones. Reps AI is currently used by companies such as EasyJet, Yves Rocher, and Monday.com. KMS Lighthouse helps businesses in a variety of industries reduce agent training and customer call times while also minimizing error rates. It employs 90 employees in Israel and the United States. The acquisition is set to increase their innovation and development efforts and all 10 of Reps AI staff will be joining their Tel Aviv office.
Netzer Precision, a company which designs, manufactures and markets position encoders based on electric encoder technology that it has developed, was fully acquired by Kibbutz Yizre'el and Kibbutx Ein Harod (Ihud) in NIS 45 million (app. $13.2 million) deal.
SavorEat, a company which developed technology that enables it to produce meat substitutes, which combines materials formulated from plant sources, a robot that employs 3D printing, and advanced cooking methods, raised NIS 42.6 million (approximately $12.8 million) in the first-ever foodtech Initial Public Offering (IPO) on the Tel Aviv Stock Exchange (TASE). The offering, led by Psagot Provident Funds, attracted leading Israeli institutional investors, including Mor Gemel and Meitav Dash. The company's valuation for the offering was NIS 170 million ($51.2 million). Leumi Partners served as the underwriters of the offering, which was accompanied by Horn & Co. Law Offices.
https://www.iangels.com/wp-content/uploads/2016/06/Deal_Digest_banner_O5.png 471 1075 Massimo https://www.iangels.com/wp-content/uploads/2015/06/iangels-enfold-logo-sm.png Massimo2020-12-07 09:58:202020-12-07 09:58:20iAngels Israeli Deal Digest – November 2020
iAngels Israeli Deal Digest – October 2020
November 3, 2020 /in Monthly Deal Digest, News /by Massimo
This October we tracked 42 announced deals totaling at approximately $1.46 Billion, and 1 IPO of $7 million.
Online marketplace and Semiconductors fabrication were the two top performing sectors this month. Fiverr which provides an Internet platform linking freelancers with customers, announced the pricing of its convertible notes issue, planning to raise $400 million and a further $60 million if participants in the offering choose to exercise options to buy further notes. Nova Measuring, a leader in metrology solutions for advanced process control used in semiconductor manufacturing, announced the pricing of $175 million aggregate principal amount of 0% Convertible Senior Notes due 2025 in a private offering. In connection with the Offering, Nova has granted the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $25 million aggregate principal amount of the Notes.
We also tracked an IPO on the Australian Securities Exchange of Nutritional Growth Solutions, a company which develops evidence-based clinically tested nutritional solutions for children, which resulted in a $7 million raise.
Engageli, a new digital education platform which facilitates polls, quizzes, and interactive exercises to test students' knowledge, while a gallery view with fixed seating arrangements allows instructors to familiarize themselves with class layouts and access real-time engagement data, raised $14.5 million in seed funding, seed backers include personal investments from Benchmark Capital's Alex Balkanski; Genesis Partners' Gary Gannot; Cadence Design Systems CEO Lip-Bu Tan, and former 2U president, COO, and CFO Rob Cohen. Two investment funds — BRM and Emerge Education — also invested in the round.
Deci AI, deep learning platform announced a new seed round totaling $9.1 million. The round was led by Israel-based VC firm Emerge and global VC fund Square Peg to help the company build an AI-based platform that can automatically craft robust, scalable, and efficient deep neural network solutions for production at scale.
Cyberpion, a company which develops security solutions to protect an organization's assets and connected external infrastructure, closed an $8.25 million seed round. The round was co-led by Team8 Ventures and Hyperwise Ventures with the participation of several angel investors including Giora Yaron.
FrontEgg, a startup which provides set of pre-built SaaS product capabilities that can integrate within new or existing SaaS applications, announced a $5 million seed round for what it's calling its Saas-as-a-service platform. The pre-built suite of SaaS capabilities can enable teams to focus on core features and shorten time-to-market adoption. The round was led by Pitango, with backing from i3 Equity, and Global Founders Capital.
NeuraLegion, an application security platform offering NexDAST for dynamic application security testing, and NexPLOIT to integrate application security into SDLC (software development life cycle) raised a $4.7 million seed round led by DNX Ventures, an enterprise-focused investment firm. The funding included participation from Fusion Fund, J-Ventures and Incubate Fund.
Enso Security, a pioneering Application Security Posture Management (ASPM) startup, today announced $6 million in seed funding led by YL Ventures with participation from Jump Capital and security leaders including Alex Rice (Cofounder and CTO at HackerOne); Sounil Yu (former Chief Security Scientist at Bank of America); founders of Luminate (acquired by Symantec); Omkhar Arasaratnam (former Executive Director, Head of Data Protection Technology at JPMorgan Chase) and toDay Ventures. Founded by former Wix.com application security experts Roy Erlich (CEO), Chen Gour Arie (CPO) and Barak Tawily (CTO), Enso's platform is designed to be the inventory of record for all things AppSec, enabling teams to manage application security at scale with an unprecedented automated and standardized program.
Walnut, a new platform that empowers customer-facing sales representatives to create, personalize, and manage the sales demo experience, announced the close of its $2.5 millionseed round funding. The round was led by venture capital firm, NFX, with additional investments from Avishay Abrahami, CEO at Wix; Joe Montana and Michael Ma, partners at Liquid2; Matt Wyndowe, partner at Graph Ventures; Kenny Stone, co-founder at Plangrid; Immad Akhund, former YCombinator PT partner and current CEO at Mercury; and Alon Gamzu, CEO at RoundForest.
Crux, a startup, which quantifies user content retention, announced a $1.3 million Seed funding round. The investment was led by German WENVEST Capital, with participation from London accelerator program Founders Factoryand A-Round Capital.
RoadSense, which develops a sensor network that provides tailor-made data collected from the streets, but without infringing on anyone's privacy, announced a $1 million seed funding round. The investment was led by Capital Nature. The startup participated in the Highroad innovation program, which also participated in the round.
Agora, has recently closed a NIS 3 million ($883,000) round to help it continue its development of a platform for managing and automating real estate investments. Among the investors were Datora founders Ran Sarig and Efi Cohen, Team8 CEO Sarit Firon, Storedo's CEO Doron Myerdorf, and others. The company has developed a platform that helps manage private real estate investments. It streamlines data collection and automates some of the manual processes that often take up valuable time, as well as calculates appropriate costs and returns.
Samson Logic, a startup which developed a system capable of registering and managing construction materials, including smart packages with IoT sensors, software that can convert orders of raw materials into packaging instructions, and software that can manage the inventory of materials at construction sites, closed a funding round totaling NIS 1.5 million (approximately $400 thousands). The funding was raised by construction companies Zemach Hammerman Ltd., Sivan Bitzua Ltd., Yanushovski Initiation and Development, and the US-based building materials logistics software company Applied Systems Associates Inc. (ASA).
Apiiro, a cybersecurity startup Apiiro Ltd. came out of stealth mode on Monday, announcing the completion of a $35 million series A funding round. The round was led by Greylock Partners and Kleiner Perkins, two leading Silicon Valley funds with participation by cyber entrepreneurs Mickey Boodaei, Rakesh Loonkar, Amichai Shulman, and the founders of Demisto, which was sold to Palo Alto, Dan Sarel, Slavik Markovich, Guy Rinat, and others. Ted Schlein, a senior partner at Kleiner Perkins, who in the past invested in Palo Alto Networks, led the investment on the firm's behalf.
BlackSwan, a company developing an AI-based operating system meant to enable organizations to build applications of their own without the need for software experts, raised $28 million in a series A round led by Prytek, FinTLV Ventures, and MS&AD Ventures.
Salto, a company aiming to streamline day-to-day efforts of configuring applications by extracting the information and translating it to a standardized, structured textual representation, announced the completion of a $27 million series A funding round led by Bessemer Venture Partners, Lightspeed Ventures and Salesforce Ventures.
Mileutis, a company that aims to cease the use of antibiotics in the dairy industry by replacing it with a viable alternative raised $20 million to develop a drug that is designed to treat mastitis in cows. The private venture capital company, U.S.-based NovaQuest Capital Management LLC, which specializes in health and life sciences and oversees some $2 billion in investments, invested in the Israeli company.
Nym Health, a startup which automates the currently manual process of translating medical notes into billing codes which is essential for getting a medical reimbursement from insurance companies in the U.S., announced $16.5 million in Series A funding, led by GV (formerly Google Ventures), with the participation of Bessemer Venture Partners, Dynamic Loop Capital, Lightspeed, Tiger Global, and angel investors including Zach Weinberg and Nat Turner from Flatiron Health.
Lili, an all-in-one banking app designed for freelance workers, raised a $15 million funding round to accelerate growth as the American workforce is increasinglyturning to freelancing during COVID-19. The round was led by Group 11, with major participation from Foundation Capital, AltaIR Capital, Primary Venture Partners, Torch Capital, and Zeev Ventures.
Dataloop, Israeli AI data management and annotation startup, completed an $11 million series A funding round led by Amiti Ventures and participated by F2 Venture Capital, OurCrowd, NextLeap Ventures, and SeedIL Ventures. The investment follows a previously undisclosed $5 million seed round and will enable the company to increase recruitment efforts and grow its presence in the U.S. and European markets.
SiteAware, a company which developed a standard it has named digital construction verification (DCV) that verifies completeness of work on building sites and identifies deviations in real-time, completed a $10 million round A. The round was led by Axon Ventures and Robert Bosch Venture Capital, the VC arm of Bosch Group, with existing investors lool Ventures, Oryzn Ventures, The Flying Object, and Power Capital Venture also all participating in the round. The new round takes SiteAware's total funding to date to $15 million.
Mine, a company which offers users concerned about their private information being online the possibility to automate data deletion requests, completed a $9.5 million financing round. The round was led by Gradient Ventures, Google's AI-focused investment fund, and marks its first time investing an Israeli company. MassMutual Ventures and e.ventures also came on as new investors, with previous backers Battery Ventures and Saban Ventures also participating.
Aperio, a company developing a data integrity platform which automatically validates operational data at scale to improve data accuracy, allowing for better business decisions based on trusted, reliable data, closed an $8.5 million Series A funding round led by National Grid Partners.
AI, a startup developing an operating system for cobots (collaborative robots), completed an additional $4 million financing round, bringing the total capital raised in its series A to $8 million. The fundraising was led by SOMV and existing investors NFX, and Viola Ventures. Pinchas Buharis, managing partner at SOMV, will join the board of MOV.AI.
vHive, a digital asset software solution that helps enterprises digitize their field assets and operations using autonomous drone hives, announced a $4 million extension into its series A round, led by Telekom Innovation Pool (TIP), Deutsche Telekom's strategic investment fund advised by DTCP. It has joined current investors Octopus Ventures and StageOne Ventures who also participated in the round. Alongside the extension, Deutsche Telekom Vice President and TIP Co-managing Director, Joel Fisch, has joined its board of directors.
Toka, a cybersecurity company which develops intelligence gathering technologies that empower law enforcement and intelligence agencies to strengthen homeland security, raised a $25 million Series B financing round led by Eclipse Ventures and with participation from all previous investors, including Andreessen Horowitz, Dell Technologies Capital, and Entrée Capital.
Illusive Networks, a cybersecurity company whose solutions focus on shrinking the attack surface and stopping attacker movement, completed a $24 million series B financing round. The round was led by Spring Lake Equity Partners, with participation from Marker, New Enterprise Associates, Bessemer Venture Partners, Innovation Endeavors, Cisco, Microsoft, and Citi.
Access Fintech, a fintech company which created a technological platform for financial institutions which allows participants to share financial data in order to mitigate risks during trades, raised $20 million in a series B round led by Dawn Capital, and with the participation of Deutsche Bank and existing investors J.P. Morgan, Citi and Goldman Sachs among others.
Tevel Aerobotics, an Israeli agricultural drone manufacturer is currently completing a $20 million financing round at a $45 million valuation. The company is led by founder and CEO Yaniv Maor and chairman Eyal Desheh, the former chairman of Isracard and CFO of Teva Pharmaceuticals and Check Point.
Adasky, a company which develops and manufactures systems combining high-resolution thermal vision sensors with artificial intelligence for the advanced vehicle industry. completed a $15 million series B financing round. The round was led by its previous backers including Japan's Kyocera Corporation and South Korean parts manufacturer Sungwoo Hitech.
Panoply, whose solution combines data warehousing and code-fee data integrations, helping provide data analysis to teams of small and large sizes, announced an additional $10 million investment from Ibex Investors and C5 Capital for its cloud data platform. The latest round brings its total funding to $24 million.
Butterfly Medical, a company which develops an innovative, implantable device for treatment of Benign Prostatic Hyperplasia (BPH), raised $7 million in a Series B round. The round was led by Philadelphia-based New Rhein Healthcare Investors, which invested $5 million, with Israeli investor Mori Arkin and other existing backers investing an additional $2 million.
InnovoPro, a company which develops technology for extracting concentrated protein from chickpeas, raised $3 million. The round, which was originally announced in April, was led by Jerusalem Venture Partners, with participation from European foodtech fund CPT Capital, and Swiss retail giant Migros.
TechSee, Intelligent visual customer assistance solution company TechSee announced the compeletion of a $30 million series C investment round. TechSee's visual assistance technology bridges the visual gap in customer service, allowing customers and technicians to receive real-time AR (augmented reality) guidance on their smartphone or tablet screens in assisted service or self-service mode. The round was co-led by OurCrowd, Salesforce Ventures, and TELUS Ventures with participation from Scale Venture Partners and Planven Entrepreneur Ventures.
Syte, a company developing AI-based visual search software which enables users who are searching for a particular item on online stores to take a photo of it and receive the most similar product among those sold on the platform, raised $30 million in a series C financing round led by Viola Ventures, which also led its previous round, with participation from La Maison, MizMaa Ventures, Kreos Capital, and existing investors Magma, Naver Corporation, Commerce Ventures, Storm Ventures, Axess Ventures, Remagine Media Ventures, and KDC Media Fund. The company said it had also raised $10 million in debt.
Azura, a clinic stage dry eye treatment developer, raised $20 million a financing round led by a syndicate of existing investors including OrbiMed, TPG Biotech, Brandon Capital's Medical Research Commercialization Fund (MRCF) and Ganot Capital.
Edgify, a startup which develops technology that can train Machine-Learning between medical devices like MRIs, vehicle fleets, retail systems, mobile devices, and basically any device with an NPU, CPU, or GPU processing unit, announced the completion of a $6.5 million Seed funding round. The investment was led by Mangrove Capital andOctopus Ventures. The round also saw a strategic investment from a yet to be named major chip manufacturer.
Fiverr (NYSE: FVRR), which provides an Internet platform linking freelancers with customers, announced the pricing of its convertible notes issue. The company plans to raise $400 million in an offering of convertible senior notes at zero interest to qualified institutional buyers. The notes are redeemable in November 2025. The conversion price is $213.57, representing a premium of 40% over Fiverr's current share price. The amount raised could rise by a further $60 million if participants in the offering choose to exercise options to buy further notes.
Nova Measuring (Nasdaq: NVMI, TASE: NVMI), a leader in metrology solutions for advanced process control used in semiconductor manufacturing, announced the pricing of $175 million aggregate principal amount of 0% Convertible Senior Notes due 2025 in a private offering. In connection with the Offering, Nova has granted the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $25 million aggregate principal amount of the Notes.
Tipalti, a fintech company which developed a solution that allows companies to complete payment transfers automatically and even globally, raised $150 million at a valuation of more than $2 billion. The series E round was led by Durable Capital Partners, with participation from Greenoaks Capital and current investor 01 Advisors.
SimilarWeb, a company which has developed a way to measure and predict customer behavior in the digital era, completed a $120 million series funding round. The round includes both a primary direct investment in the company and a secondary investment in which shares will be purchased from current holders. The round was led by ION Crossover Partners and Viola Growth.
Augury, an Israeli based Industrial Internet of Things (IIOT) solution provider, secured $55 million in series D funding led by Qumra Capital and with the participation of existing key investors, including Insight Venture Partners, Eclipse Ventures, Munich Re Venture Capital, Qualcomm Ventures and Lerer Hippeau Ventures.
Rail Vision, who is a leading provider of cutting-edge cognitive vision sensor technology to increase safety in the railway industry, got a new investment from Knorr-Bremse adding up an another $10 million invested by them in March 2020. Additionally, Rail Vision has received a call option, available under certain conditions which should be met, to call for an additional $5 million under the same investment terms.
Nutritional Growth Solutions, a company which develops evidence-based clinically tested nutritional solutions for children, raised a $7 million in an IPO on the Australian Securities Exchange.
https://www.iangels.com/wp-content/uploads/2018/07/Deal_Digest_banner_O5.png 471 1075 Massimo https://www.iangels.com/wp-content/uploads/2015/06/iangels-enfold-logo-sm.png Massimo2020-11-03 15:27:222020-11-03 15:27:22iAngels Israeli Deal Digest – October 2020
iAngels Israeli Deal Digest – September 2020
October 22, 2020 /in Monthly Deal Digest, News /by Massimo
This September we tracked 50 announced deals at approximately $1.8 Billion, and 6 exits of $1.3 billion. Including iAngels portfolio company, BioCatch, which raised $20m in a C round.
Insurtech and Cybersecurity were the two top performing sectors this month. Next Insurance, a InsurTech company raised $250 million Series D financing round led by CapitalG, Alphabet's independent growth fund, with participation from FinTLV, and existing investor Munich RE Group. Snyk, a cybersecurity startup closed a $200 million Series E financing round, led by venture capital firm Addition, according to a company valuation of more than $2.6 billion.
On the M&A side, we tracked three acquisitions. The largest being Preempt Security, an American-Israeli cybersecurity startup whose solution offers zero trust and conditional access for continuously detecting and preempting threats based on identity, behavior and risk, was acquired by a California-based cloud-delivered endpoint and cloud workload protection company CrowdStrike Holdings, Inc. in a $96 million deal.
Anima App, a startup which allows designers to export code to the programming team, without needing to learn how to code or switching between different unfamiliar programming languages. completed a $2.5 million Seed funding round, led by Zohar Gilon, one of Israel's leading and most important investors, along with Hetz Ventures.
Bobile, the first company to offer real time advanced endpoint security for iOS from zero-day and targeted advanced persistent threats, closed a $1.5 million seed round led by the New York Angels and participation by Harvard Business School (HBS) alumni angels and other leading investors.
KRE8.TV, a celebrity content platform which allows users to order custom made video content from their favorite creators raised approximately $1.17 million of seed investment led by Benson Oak Ventures (BOV). The round also included additional investors, among them Eyal Waldman, CEO of Israeli chipmaker Mellanox.
Plantt, a solution which connects to your sales and support tools, analyzing your conversations with customers to create a tailor-made customer experience raised $1 million from Fusion LA and GoAhead Ventures.
Inthegame, a start-up which develops an AI-powered platform can help create unique and interactive experiences by adding 'layers' to broadcast television to include things like polls and quizzes in sports events and game shows, raised $650 thousands in a Seed funding round.
AnyVision, a company which develops an AI-driven face recognition has raised $43 million from existing investors including investment funds and private investors.
Triple Jump Medical, a small insulin pump patch startup raised $20 million from Medtronic.
Varada, an Israeli Big Data startup has closed a $12 million series A funding round. The round was led by MizMaa Ventures, with participation by Gefen Capital. Existing investors Lightspeed, StageOne Ventures and F2 Venture Capital, which contributed in early 2019 to a $7.5 million seed round, also participated in the round.
EasySend, a company which develops a no-code drag and drop platform for managing customer experience by converting manual forms and data collection processes into digital mobile or web applications raised $11 million in a series A round led by Israeli venture capital firm Hanaco Ventures. Intel's venture arm, Intel Capital, also participated in the round.
Strigo, customer training cloud platform startup announced the close of an $8 million series A financing round. The new investment was led by Velvet Sea Ventures and existing investor Greycroft with participation from Hanaco, the company's lead seed investor.
DeepCube, a deep learning software accelerator, closed $7 million in Series A funding. The round, led by Canadian VC Awz Ventures with participation from Koch Disruptive Technologies (KDT) and Nima Capital, brings the total invested in DeepCube to $12 million.
Metadata, a San Francisco-based autonomous demand generation company focused on B2B marketing, said it raised $6.5 million in its Series A round. Resolute led the series with participation from Greycroft, York IE and Stormbreaker, as well as Mark Organ, Ilya Volodarsky and more than a dozen Metadata customers and key employees.
Sternum, Israeli IoT cybersecurity company Sternum Ltd. has raised $6.5 million in series A funding. The company provides embedded protection and real-time visibility for connected devices. The round, led by Square Peg, was joined by existing investor and global business leader Merle Hinrich, European venture capital firm btov, and private investors including Boston-based veteran entrepreneur Eyal Shavit and Founder & CEO of CyberArk, Udi Mokady.
TetaVi, AI-based video capture technology company has announced the close of its $6 million series A round. The funding, which came from new and existing investors, brings its total capital raised to $11.3 million. It was led by American and Canadian venture capital fund REDDS Capital and included a strategic investment from ADWAYS.
Phytolon, natural food coloring developer completed a $4.1 million financing round led by Millennium Food-Tech with the participation of Consensus Business Group (CBG) Fund, Trendlines Group, EIT-Food (the EU body responsible for food-tech initiatives), and former Elbit Systems CEO Yossi Ackerman.
LIGC, an Israel-based producer of Laser-Induced Graphene filters, raised $3 million in round A led by Hubei Forbon Technology. LIGC Application is at the forefront of laser-induced graphene commercialization with patented technology.
NovellusDx, biotech company NovellusDX Ltd. which develops a drug that delays the development of a BRAF gene mutation created in cases of thyroid cancer and glioma cancer, raised $57 million in a round made at a valuation of $75 million in exchange for 73% of the company's shares. The round was led by Israeli life science venture capital firm Pontifax Ltd. and healthcare investment firm Orbimed Israel Partners Ltd., with each investing around $10.5 million for a 14% stake. The third-largest investor in the round was Swiss firm HBM Healthcare Investments AG, which invested $10 million for around 10% of the company's stock. Additional investors in the round include Swiss multinational pharmaceutical company Novartis International AG, Boston-headquartered investment firms Wellington Management and Cormorant Asset Management, and SR One Ltd., the healthcare venture capital arm of pharmaceutical company GlaxoSmithKline PLC (GSK). Each of them will receive a 6%-7% stake in the company.
EverC, Israeli cybersecurity startup, focusing on the prevention of online money laundering, completed a $35 million series B investment round. The round was led by Israeli venture capital fund Red Dot Capital Partners which invests in growth stage companies. Maor Partners also participated in the round together with the company's current investors, including Joey Low, Viola Ventures, Arbor Ventures and American Express Ventures.
Axis Security, a cybersecurity startup completed a $32 million series B funding round led by Canaan Partners, with participation from existing investors Ten Eleven Ventures and Gili Raanan's Cyberstarts. The capital was raised to meet the increasing demand for the company's products in the wake of the widespread transition to work from home. Axis Security's Application Access Cloud is a purpose-built cloud-based solution that simplifies application access, using a Zero Trust platform.
Deel, a company, which developed a payroll platform to pay both full-time staff and independent contractors who are working remotely, has completed a $30 million Series B financing round. The round was led by US venture capital fund Spark Capital with the participation of the company's previous backers. Another dominant investor in Deel is U.S. venture capital fund Andreessen Horowitz, which is one of the world's largest funds.
Medigate, a medical cybersecurity startup raised a $30 million series B round led by new investor Partech Partners. Previous backers YL Ventures, U.S. Venture Partners, and Blumberg Capital, as well as first time investor Maor Investments, also participated in the round. The new round brings Medigate's total funding to around $50 million.
Pcysys, a cybersecurity company which developed an automated penetration-testing platform that assesses and reduces corporate cybersecurity risks, completed a $25 million series B financing round led by Insight Partners. Other participants include Canadian venture capital fund AWZ Ventures and U.S.-based The Blackstone Group. The company has so far raised a total of $40 million.
Coralogix, a company which provides a log analytics platform, completed a $25 million Series B financing round co-led by Red Dot Capital Partners and Eyal Ofer's O.G with participation from existing backers Aleph VC, StageOne Ventures, Janvest Capital Partners, and 2B Angels.
Aurora Labs, a company which develops debugging tools for automotive software, completed a $23 million series B financing round. The round was led by Check Point co-founder Marius Nacht and LG Technology Ventures, LG Electronics' investment arm. Porsche Automobil Holding SE, Toyota Tsusho, UL Ventures, the investment arm of global safety standards Company UL, and previous round backers participated in the oversubscribed round.
Aidoc, a medtech startup Aidoc Medical Ltd. raised an additional sum of $20 million for its series B round, which now stands at $47 million. This brings the company's total funding to date to $60 million. The round was originally announced last year and was led by Melbourne, Australia-based Square Peg Capital, with participation from Magma Ventures, TLV Partners, and Emerge. Joining the round now are Alpha Intelligence Capital and Maor Investments. Aidoc develops artificial intelligence-based medical imaging software designed to quickly analyze medical scans and help doctors prioritize the most urgent cases and expedite treatment.
BrandTotal, the brand marketing analytics company providing social media competitive intelligence to brands and organizations, raised $12 million in its Series B investment round. The Series B round was led by INcapital Ventures, in participation with Maor Investments, Glilot Capital Partners, Flint Capital, KDC Media Fund, and FJ Labs.
Blue White Robotics (BWR), an autonomous vehicle platform startup Blue White Robotics (BWR) announced a $10 million funding round. The round was led by Jesselson Investment, alongside Peregrine VC, Entrée Capital and an investment group led by Datoroama founder Ran Sarig.
Envizion Medical, a startup, which develops smart feeding tubes (Nasogastric tubes) for intubated patients, announced the completion of an $8 million funding round from private medtech backers, family offices and the Technion Venture Capital fund.
Salaryo, a Fintech company, which provides credit and digital banking services to small businesses in the U.S. has raised $5.8 million in credit and equity. The company declined to detail how much debt it had incurred, but it is estimated to be the main element of the deal. The equity component was led by UAE-based private equity and venture capital fund KEN Investments, which has invested hundreds of thousands of dollars in the deal. This is estimated to be the first time an Emirati fund has openly invested in an Israeli company and follows the announcement last month that the two countries had agreed to normalize diplomatic relations. Other investors included British venture capitalist Michael Ullman, Variant Investments, and Techstars Ventures in whose accelerator Salaryo had participated.
Melio, Israeli B2B payments startu, allowing small businesses to manage payments remotely, paying when and how they want, giving them more control and helping businesses manage cash flow raised $80 million in a Series C round from investors including Accel, Aleph, Bessemer Venture Partners, Coatue Management and General Catalyst.
Papaya, a global payroll and payment startup closed a $40 million series B funding round led by Scale Venture Partners, with participation from Workday Ventures, Access Industries (via its Israeli vehicle Claltech), and existing investors Insight Venture Partners, Bessemer Ventures Partners, New Era Ventures, Group 11, and Dynamic Loop.
Orasis, an ophthalmic pharmaceutical company which is developing eye drops to treat presbyopia – the loss of ability to focus near objects, closed a $30 million Series C financing round co-led by new investor Bluestem Capital and returning investor Visionary Ventures, with participation from previous investors Sequoia Capital, SBI (Japan) Innovation Fund, Maverick Ventures Israel, LifeSci Venture Partners and additional investors.
V-Wave, a company is developing proprietary, minimally invasive interatrial shunt devices for treating patients with severe symptomatic heart failure and pulmonary arterial hypertension raised $28 million, bringing the total raised in its Series C financing round to $98 million. The financing was led by Deerfield Management with participation from Aperture Venture Partners, BRM Group, Endeavour Vision, Johnson & Johnson Innovation – JJDC Inc., Pontifax, Pura Vida Investments, GHS Fund (Quark Venture LP), as well as Triventures and Israel Secondary Fund.
PhyTech, a digital farming automation company and data provider raised $23.5 million from private equity firm Thomas H. Lee Partners, L.P. (THL) including from the THL Automation Fund L.P., and existing anchor investors.
Biocatch, a startup which is active in the behavioral biometrics field: the research of digital behavior by users from a physical and cognitive standpoint in order to protect them and their data from fraud in the digital space announced extended its series C financing round by an additional $20 million invested by four major global banks – Barclays, Citi, HSBC and National Australia Bank (NAB) – to increase the round to a total of $168 million.
Medasense, a company which develops technology for pain-response monitoring completed an $18 million series C financing round led by Sabadell Asabys venture capital firm (Asabys Partners, Spain), Israeli family offices, and former backers Baxter Ventures, Olive Tree Ventures, and LGL Capital.
KeepMed, a medical technology company secured 13 million Euros ($15.1 million) in series C funding for its positive airway pressure (PAP) device that helps people with Obstructive Sleep Apnea, KeePAP. New investors Celeste Management, Financière Arbevel, and 4See Ventures join existing investors Merieux Equity Partners, Pitango Venture Capital, Xenia Venture Capital, C4 Ventures, and Lavorel Medicare.
Capitolis, a fintech company raised $11 million from financial giants Citi, J.P. Morgan, and State Street. The company's platform helps financial institutions free up capital and remove barriers that would otherwise restrict trading. Capitolis enables firms to optimize their balance sheet exposures through collaborative technology by eliminating unnecessary positions and finding the most suitable party to hold the remaining positions.
SolarEdge (NASDAQ GS: SEDG) announced the pricing of $550 million aggregate principal amount of 0.00% Convertible Senior Notes due 2025 in a private offering.
Next Insurance, a InsurTech company raised $250 million Series D financing round led by CapitalG, Alphabet's independent growth fund, with participation from FinTLV, and existing investor Munich RE Group.
Snyk, a cybersecurity startup closed a $200 million Series E financing round, led by venture capital firm Addition, according to a company valuation of more than $2.6 billion.
BioProtect, a private company with a bioabsorbable polymer spacer balloon platform announced the final closing of its $25 million series D equity financing from an unnamed strategic investor and Peregrine Ventures. Peregrine and the additional international investor each invested $4.5 million.
Ionir, previously known as Reduxio, a company that is about to launch a platform allowing to transfer, copy and restore data of any size from the different cloud platforms has raised $11 million in a fifth round led by Jerusalem Venture Partners (JVP). British VC C5 Capital also participated in the round.
Evogene, a leading computational biology company focused on revolutionizing product discovery and development in multiple life-science based industries, including human health and agriculture, entered into a definitive agreement with ARK Investment Management, LLC (ARK Invest) and Alpha Capital Anstalt in connection with a registered direct offering of ordinary shares at a price per share of $1.70, for an aggregate cash consideration of $10 million.
Amwell (NYSE: AMWL), a telehealth company that connects patients with doctors over secure video went public and managed to raise $742 million by selling 41.2 million class A shares at $18 apiece, after increasing the price and number of shares offered.
JFrog (Nasdaq: FROG), an automated software updating company raised $352 million on Nasdaq and the amount could grow by $72 million if the underwriters exercise their option to buy additional shares. Morgan Stanley, J.P. Morgan and BofA Securities acted as the lead book-running managers for the offering. KeyBanc Capital Markets, Piper Sandler, Stifel, William Blair, Oppenheimer & Co. and Needham & Company acted as co-managers.
Nyxoah (Euronext Brussels: NYXH), Israeli-Belgium sleep disorder treatment company raised €85 million ($100 million) in an initial public offering (IPO) on the Euronext stock exchange in Europe. The money was raised at a company valuation of €362 million ($423 million) after money and since the IPO the share price has risen by 14% giving a company valuation of €413 million ($485 million).
Preempt Security, an American-Israeli cybersecurity startup whose solution offers zero trust and conditional access for continuously detecting and preempting threats based on identity, behavior and risk, was acquired by a California-based cloud-delivered endpoint and cloud workload protection company CrowdStrike Holdings, Inc. in a $96 million deal.
Odo Security, a network security company that developed cloud-based, clientless secure access service edge (SASE) technology that offers secure remote access to company assets by an unlimited number of users, was acquired by Nasdaq-listed network and cloud security company Check Point Software Technologies Ltd. The financial terms weren't disclosed but its believed to be a $30 million deal.
BlueBird Aero Systems, a company which develops and integrates small tactical unmanned aircraft systems (AUS) for the Israeli security sector and foreign governments, was acquired by 50% of the equity by Israel Aerospace Industries (IAI) for $14.4 million. As part of the transaction, IAI is acquiring the holdings of India- based Piramal Technologies SA, and additional shares from Fiberless Access and Ronen Nadir. Nadir will continue to hold 50% of BlueBird shares and continue to serve as the company's CEO.
https://www.iangels.com/wp-content/uploads/2018/07/Deal_Digest_banner_O5.png 471 1075 Massimo https://www.iangels.com/wp-content/uploads/2015/06/iangels-enfold-logo-sm.png Massimo2020-10-22 17:47:162020-10-22 17:47:16iAngels Israeli Deal Digest – September 2020
iAngels Israeli Deal Digest – August 2020
September 8, 2020 /in Monthly Deal Digest, News /by Massimo
This August we tracked 25 announced deals totaling at approximately $1.74 Billion, and 3 exits of $269 million.
HealthTech and AI Intelligence were the two top-performing sectors this month. Gong, a revenue intelligence company for sales teams, raised $200 million in a Series D financing round led by Coatue and with participation from Index Ventures, Salesforce Ventures and Thrive Capital. Amwell, a telehealth leader, closed its Series C financing round, adding $194 million in funding across two tranches. Many early investors and strategic partners participated in this round, including Allianz X and Takeda.
On the M&A side, we tracked one acquisition in the media sector. IMGN Media, the shareable social media content and mobile-first platform company was acquired by Warner Brothers for "just under $100 million".
Approve.com, a procurement automation platform, secured a $5 million seed round, led by Aleph
3DBattery, which develops technology that enables higher performance of lithium ion batteries, announced a $3.5 million Seed funding round led by Eliad Holdings, while Terra Ventures, CLP OSEG Energy Israeli innovation center, sandal maker Source-Israel, and Angel investor Sergio Fogel participated.
Vessi Medical, cryoablation, or cold therapy, solution for superficial bladder cancer, secured $1.7 million in funding from Agriline, The Trendlines Group, the Israel Innovation Authority, and ExitValley Investors participated in the funding round.
GiantLeap, a science-backed platform for children's cognitive development tests, has raised a $900K seed round. Investors including GoAhead Ventures, Fusion LA, the Texas Medical Center's Innovation Center, and US private investors.
K2View, an Israeli real-time DataOps solutions company, raised a $28 million financing round led by Forestay Capital and with the participation of Genesis Partners.
ImmPACT Bio, developing novel cell therapies for treating cancer, raised an $18 million equity financing round from OrbiMed, Johnson & Johnson Innovation – JJDC, Inc., Takeda Ventures, Inc., RM Global Partners (RMGP) BioPharma Investment Fund, Novartis Venture Fund, Bukwang Pharmaceutical, Hayan Health Networks, Inc., and JVC Investment Partners.
Innovalve, established at the Sheba Medical Center that is in advanced stages of developing technology in the field of cardiology, raised $10.5 million led ALIVE, the healthtech venture capital fund established by Bank Leumi, Maccabi and Fund.
Voiceitt, Israeli speech recognition technology, has raised $10 million in a Series-A financing round from Viking Maccabee Ventures, Microsoft's M12, AMIT Technion, Cahn Capital Corp, Connecticut Innovations, AARP, Quake Capital, SLJ Family Office, Dreamit Ventures and The Disability Opportunity Fund.
Picodya, which has developed an in vitro diagnostics (IVD) platform named B-Matrix, raised $10 million led by SIBF (Southern Israel Bridging Fund).
EcoPlant, which develops an AI-powered IoT platform that helps save energy and costs for supporting infrastructure in factories, announces an $8 million funding as part of the company's Series A round led by Ecolab, a U.S. company that provides solutions for industrial infrastructure.
Bambi Dynamic, data-and-connectivity platform for mobility insurance products, raised $6 million in Series A funding led by MS&AD Ventures.
Perimeter 81, a network security company, completed a $40 million Series B financing round led by Insight Partners.
Thriver, a food and culture platform for business, raised $33 million in a Series B funding round led by Viola Growth with participation from new investors Vertex Ventures Israel, Union Tech Ventures, Journey Ventures, and FJ Labs, and existing investors Aleph and Altair Capital.
Silverfort, an Israeli cybersecurity startup, has raised $30 million in a series B financing round led by Aspect Ventures, with participation of Citi Ventures, Maor Investments, and the company's early investors TLV Partners, StageOne Ventures and Singtel Innov8.
Ironscales, a startup developing an AI phishing prevention and detection platform, today closed an $8 million extension to its series B round led by Jump Capital
EyeControl, which developed an AI tool to help patients connected to ventilators communicate with their medical staff and family, has raised $7.5 million led by Connecticut Innovations.
Amwell, a telehealth leader, closed its Series C financing round, adding $194 million in funding across two tranches. Many early investors and strategic partners participated in this round, including Allianz X and Takeda.
Proteantecs, a deep data solutions developer for electronics and health performance monitoring, closed a $45 million financing round led by Koch Disruptive Technologies (KDT) with the participation of Valor Equity Partners and Atreides Management.
Wix.com (Nasdaq: WIX), a website creation company, raised $500 million in a private offering of convertible senior notes.
NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) announced that it is offering $400 million in convertible senior notes due 2025.
Gong, a revenue intelligence company for sales teams, raised $200 million in a Series D financing round led by Coatue and with participation from Index Ventures, Salesforce Ventures and Thrive Capital.
Redis Labs, open-source database company, completed a $100 million Series F financing round at a company valuation of more than $1 billion. The financing round was co-led by Bain Capital Ventures and TCV.
Splitit (ASX:SPT), a global payment platform that enables shoppers to pay installments via their credit cards, announces today it has raised $71.5 million dollars in a private placement and share purchase plan.
MobileODT, Israeli cancer diagnostic company, completed a $6.85 million financing round led by the OrbiMed Advisors LLC venture capital fund, with participation from previous investor Tristel.
Cannabotech, a developer of medical solutions based on botanical combinations of cannabis extracts and fungi, is planning to raise almost $6 million in a direct share issuance to the public. Cannabotech is planning to become a public, non-traded startup company, a model that has yet to have been implemented in Israel.
IMGN Media, the shareable social media content and mobile-first platform company, was acquired by Warner Brothers for "just under $100 million".
Nanox, a medical imaging company, raised $165.2 million in a Nasdaq IPO, upsized by 28%, at a company valuation of $800 million. This is the largest ever initial public offering by an early stage Israeli medical technology company.
Silver.net, a system for managing banking and corporate treasury in the IT market in Israe, was acquired by The Malam Tim Group. The scope of the purchase is NIS 15 million.
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iAngels Israeli Deal Digest – July 2020
This July we tracked 41 announced deals totaling at approximately $971.2 Million, and 2 exits of $1.9 Billion. July also included iAngels portfolio company, Taranis, raising a C round.
HealthTech and InsureTech were the two top-performing sectors this month. Nanox, which developed an innovative digital X-ray-based imaging device that produces a three-dimensional scan, raised a $110 million series B financing round with investments by SK Telecom, Fujifilm Holdings Corp., and Foxconn. Lemonade, a property and casualty insurance company, raised $319 million in its initial public offering (IPO) on the New York Stock Exchange.
On the M&A side, we tracked one large acquisition in the sector of IoT. ForeScout, leader in IoT device visibility and control, and Advent International, a global private equity firm, announced that the companies have agreed to amend the terms of their previously announced transaction. The Forescout Board of Directors has unanimously approved a revised definitive agreement under which Advent will acquire all outstanding shares of Forescout common stock for $1.6 billion.
July 2020 Investment Highlights
Seed Rounds
Env0, a startup developer of self-service cloud management software, closed a $3.5 million seed extension round, led by Crescendo Venture Partners with participation from new investor M12 – Microsoft's venture fund and existing investors Boldstart Ventures and Grove Ventures.
A Rounds
Curv, a developer of cryptographic asset protection infrastructure, raised $23 million in round A funding from investors including CommerzVentures, Coinbase Ventures, Digital Currency Group, Team8, and Digital Garage Lab Fund
GoTo Global, the vehicle sharing tech platform, raised $19 million in a Series B funding round led by WeWork co-founder Adam Neumann.
Ermetic, helps organizations enforce tighter, least privilege access policies across both user and machine identities to help prevent data breaches, raised $17.25 million in Series A financing round led by Accel, and with the participation of previous investors Glilot Capital Partners, Norwest Venture Partners and Target Global.
Buildots, develops technology that allows construction companies to keep a close eye on the processes at a construction site with computer vision and artificial intelligence, raised $12.5 million in Series A financing round. The round was led by Tel Aviv-based venture capital firm TLV Partners and joined by Innogy Innovation Hub, Israeli construction company Tidhar Group.
Cybellum, a leader in Automotive Cybersecurity Risk Assessment, today announced a $12 million A round led by RSBG Ventures GmbH with additional investment from Cybellum existing investors, Blumberg Capital and Target Global.
NovaSight, a startup building products to help cure myopia in children by using eye-tracking glasses, completed an $8 million series A financing round led by Rimonci Capital and joined by strategic investors from both pharmaceutical and medical device industries.
Nucleai, uses computer vision and machine learning algorithms to predict the progress of cancerous tumors as well as the patient's immune system response in order to determine the most efficient treatment, raised $6.5 million in a series A round led by Debiopharm Group and existing investors, Vertex Ventures Israel and Grove Ventures Capital (GP) Ltd
Nectin, developing a number of antibodies that can enhance the treatments being offered to cancer patients, completed the first $6 million closing of a financing round led by aMoon.
Valid Network, an Israel-based blockchain cybersecurity startup, raised $6 million in a seed round led by Boston-based Ten Eleven Ventures LLC, with participation from Jerusalem Venture Partners (JVP).
CAPS Medical, developer of a highly selective and minimally invasive non-thermal plasma device for cancer treatment,completed a $3.5 million Series A financing round financing round led by Chasing Value Asset Management and the Los Angeles-based Israel Investment Fund Group (IIFG).
SavorEat, which employs a 3D printing robot to prepare plant-based steaks with the characteristics of real meat raised, $3 million from Israeli investment houses, Mor and Meitav Dash.
Trobix Innovation, a Netanya-based biotechnology company developing therapies to remove the threat of antimicrobial resistance, closed a $3 million Series A funding round led by Chartered Opus.
B Rounds
Nanox, which developed an innovative digital X-ray-based imaging device that produces a three-dimensional scan, raised a $110 million series B financing round with investments by SK Telecom, Fujifilm Holdings Corp., and Foxconn.
Explorium, which created a platform to make finding the right data set for AI algorithms, raised a $31 million Series B led by Zeev Ventures, with help from Dynamic Loop, Emerge, 01 Advisors and F2 Capital.
CyCognito, an information cybersecurity company, raised $30 million in a series B funding round led by Accel with participation from previous investors Lightspeed Venture Partners, Sorenson Ventures and UpWest.
XM Cyber,a leader in breach and attack simulation (BAS) advanced cyber risk analytics and cloud security posture management, has closed a $17 million Series B funding round with Macquarie Capital, Nasdaq Ventures, Our Innovation Fund, and Swarth Group.
Belkin Laser, one-second non-invasive glaucoma laser treatment company, completed a $12.25 million Series B financing round led by CR-CP Life Science Fund and with the participation of Rimonci Capital, Santen Ventures, BioLight Life Sciences and C-Mer Eye Care Holdings.
Epsagon, developed a software-as-a-service (SaaS) automated end-to-end monitoring technologies for serverless cloud-based systems, completed a $10 million financing round led by DTCP.
Seebo, developed cloud-based software that allows industrial manufacturers to quickly and cost-effectively turn existing machinery into smart connected systems that report their health and usage data, raised $9 million in a series B round led by Israel-based Ofek Ventures.
Chorus.AI, a conversation intelligence platform company, raised $45 million in a Series C round led by Georgian Partners with participation from Emergence Capital, Redpoint Ventures, and new investor Sozo Ventures.
Taranis, iAngels uses deep-learning technology and agronomic understanding to offer insights that create a more sustainable farming ecosystem, raised $30 million in a Series C financing round led by Vertex Growth and with the participation of new investors Hitachi Ventures, Mitsibushi, UFG Capital, Micron Ventures, UMC Capital, La Maison, Mindset Ventrures, iAngels
Pi-Cardia, a next generation valve repair device, The Leaflex Performer – Unique Non-Implant Based Valve Treatment, has closed a $27 million round of financing, led by Sofinnova Partners.
ClimaCell, the weather forecasting and intelligence service that is using new techniques to gather weather data, raised a $23 million Series C round co-led by new investor Pitango Growth and existing investor Square Peg Capital.
RealView Imaging, a medical holography company, completed its $10 million Series C funding round led by OurCrowd and Judith and Kobi Richter as well as other investors and physicians.
Growth/Miscellaneous Rounds
Hippo, an insurtech startup, raised $150 million in an E round led by FinTLV Ventures, Ribbit Capital, Dragoneer Investment Group and Innovius Capital.
Gett, an on-demand ride hailing company, raised $100 million in a financing round by undisclosed new and existing investors.
OwnBackup, a cloud-to-cloud business continuity platform, raised a $50 million financing round led by Insight Partners, and with participation from Salesforce Ventures, Vertex Ventures and previous investor Innovation Endeavors.
Augwind (TASE: AUGN), an energy-storage company, raised $47 million from financial institutions in a private placement.
Eccopia, develops specialized robots that autonomously clean industrial-sized solar panel fields, without the use of water, announced a strategic $40 million investment coming from CIM Group, an American real estate, infrastructure, and energy management company.
ImageSat, FIMI-controlled space intelligence solutions company, received $32 million from Discount Bank in exchange for an allocation of 17% of its shares.
DarioHealth (Nasdaq: DRIO), a pioneer in the global digital therapeutics market, closed a private placement transaction with accredited investors, including healthcare funds and institutions from the U.S. and Israel for $28.6 million.
CartiHeal, developer of the proprietary Agili™-C implant for the treatment of joint surface lesions in traumatic and osteoarthritic joints, secured an additional $15 million equity investment from Bioventus, a global leader in orthobiologics.
Applicaster, a technology company that simplifies the creation, delivery and management of over-the-top video applications, raised $11 million in Series D funding round from lead investor, Viola Growth.
ReWalk, Israel-based, publicly-traded robotic walking assistance company, issued $9 million worth of shares on the Nasdaq.
MeaTech, a 3-D bioprinting meat company, raised $5.8 million from Israeli retailer Rami Levy.
SuperCom, a publicly-traded company providing integrated solutions for tracking and identification, raised $3.2 million in a private placement deal.
AppsVillage, a marketing SaaS solutions-provider trading on the ASX as APV, has successfully completed a placement to institutional and private investors raising $2.14 million.
M&A & IPOs
Lemonade, a property and casualty insurance company, raised $319 million in its initial public offering (IPO) on the New York Stock Exchange.
ForeScout, leader in IoT device visibility and control, and Advent International, a global private equity firm, announced that the companies have agreed to amend the terms of their previously announced transaction. The Forescout Board of Directors has unanimously approved a revised definitive agreement under which Advent will acquire all outstanding shares of Forescout common stock for $1.6 billion.
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iAngels Israeli Deal Digest – June 2020
July 15, 2020 /in Monthly Deal Digest, News /by Massimo
This June we tracked 27 announced deals totaling approximately $560 Million, and 8 exits worth over $1.5 Billion.
IT & Enterprise Software and Life Sciences were the two top-performing sectors this month. Pagaya, an alternative asset manager utilizing data-driven investment techniques in the fixed income and alternative credit markets, raised $102m from a variety of international and Israel-based VCs, including Aflac Global Ventures and Viola Ventures. SQream, a provider of a data analytics, acceleration platform, that enables enterprises to gain insights from their massive data stores, raised $39.4m in Series B+ funding led by Mangrove Capital Partners and Shusterman Family Investments. Kitov, a clinical-stage company that advances therapies to overcome tumor-immune evasion and drug resistance in order to create successful, long-lasting treatments for patients with hard-to-treat cancers, raised $35m from healthcare-focused institutional investors.
On the M&A side, we tracked one major deal in the IT & Enterprise Software space. Spotinst (Spot), which revolutionizes the way companies consume cloud infrastructure services, using analytics and automation to deliver cost-efficient infrastructure in the cloud was acquired by NetApp for $450m. Looking at Initial Public Offerings (IPO), we tracked the largest deal being Vroom, a used car retailer, and e-commerce company that enables consumers to buy, sell and finance cars online, which IPO'd on the Nasdaq raising $468m from its public offering.
June 2020 Investment Highlights
Opora, a company creating the next generation of Cyber Threat Intelligence technologies, raised $7m in seed funding from JVP and a consortium of private investors.
Hunters.AI, the first autonomous threat hunting solution, searches attack techniques, and finds cyberattacks that bypass existing security solutions, raised $5.4m from YL Ventures and Blumberg Capital.
Agamon, a solution that combines an advanced approach to NLU with a deep understanding of medical reports, raised $3m in seed funding from MMC Ventures, InHealth Ventures, Seedcamp, and Bayer G4A to help hospitals improve its processes by transforming clinical text into structured data.
ADAM CogTech that develops technology that can identify a driver's cognitive state has raised $2m from Mobilion Ventures, backed by the Mitsubishi Corporation and Delphi Technologies.
InfiniDome Ltd., the GPS Security Company, announced a closing of $1.6m in Seed round funding and the opening of its Pre-series A round. Investors participating in the Seed round include Boundary Holding of India and Luxemburg, Next Gear Ventures of Israel, and Aston Partners of New York.
CENS, which utilizes nanotechnology to increase the electric vehicle (EV) battery's energy capacity while heavily reducing recharging time, announced that they landed a $1.5m investment led by British-Iranian investor Vincent Tchenguiz.
Pudding.AI, an AI-backed solution that offers data-sourced insight for marketing personnel to create better and more educated social media campaigns, has received pre-seed funding of $500k from Nielsen Innovate Fund.
Salt Security, Israeli-founded API cybersecurity company, has raised $20m in a Series A funding round led by Tenaya Capital, a US-based venture firm.
Upsolver, an easy-to-use service for turning event streams into analytics-ready data with the scale, reliability, and cost-effectiveness of cloud storage, raised $13m from Vertex Ventures and JVP.
Spike, which developed a mobile application that puts existing emails into a multimedia mobile messaging, chat-like interface enhanced with voice and video calls, raised $8m in a Series A round led by New York-based venture capital and private equity firm Insight Partners.
ECOncrete, an Israeli engineering startup that is developing an environmentally-friendly concrete, designed for marine construction and artificial structures that promote the growth of sea life, raised $5m in Series A funding from Bridges Israel and Goldacre.
Cynet, a cyber-security company that converges essential cybersecurity technologies that helps enterprises to identify security loopholes and threat intelligence, and manage endpoint security, has raised $18m in B+ round funding, led by BlueRed Partners, joined by strategic investors Deutsche Telekom and Merlin International, with additional participation from existing investors Norwest Venture Partners and Ibex Investors.
Augmedics, a developer of augmented-reality, surgical-image guidance tools, raised $15m in Series B funding, led by its U.S. staff in addition to existing shareholders AO Invest and Terralab Ventures.
Codefresh, the leader in Kubernetes DevOps tools, today announced $27m in new funding led by Red Dot Capital Partners with participation from Shasta Ventures and existing investors.
Pixellot, an automated, sports video-production company, announced a new $16m funding round. Shamrock Capital Investors, an existing investor in Pixellot, led the latest fundraising round alongside participation from existing investors Grupo Globo and the Arkin Family. Israeli investment firm Altshuler-Shaham Group also contributed as a new investor.
Global-e, provides technological solutions to international e-commerce websites, raised $60m from private equity firm, Vitruvian Partners.
Electreon, a publicly-traded leader in developing and implementing wireless charging for electric vehicles in motion, raised $50m in a public-equity offering from some of Israel's biggest institutional Investors led the investment, such as Migdal, Psagot, Mor, Excellence, and Halman Aldubi, and leading hedge funds Alpha, Safra, and Sphera, as well as Afcon Holdings.
Artlist, which offers free licensed music, stock video clips, and sound effects for digital creative industries, announced this month that it had raised $48m in a financing round led by U.S.-based KKR and participated by previous investor Elephant Partners.
Kitov Pharma, a publicly-traded company on the NASDAQ and TASE, has raised $35m in a public-equity offering from institutional investors.
Zerto, a data recovery and cloud back-up company, has raised $33m in equity funding and another $22m in venture debt as part of an F round. Participants in the equity round include Poalim Capital Markets, the investment arm of Israel's Bank Hapoalim, as well as existing investors Access Industries Inc., through its Israel investment arm ClalTech, 83North Ltd., Battery Ventures, Harmony Partners LLC, IVP (Institutional Venture Partners), Pitango Venture Capital, RTP Ventures, and U.S. Venture Partners.
Mapi Pharma, a fully integrated, late clinical-stage biopharmaceutical company, received an injection of $20m from publicly-traded drug developer, Mylan.
Celsius Network, a Bitcoin lending and loan platform, is raising $15m in an equity-crowdfunding round promoted by BnkToTheFuture.
Weebit Nano, a memory-tech developer traded on the ASX, has upped its public-equity placement to $6.6m after witnessing strong demand. It also plans to raise a further $500k through a share purchase plan.
CardiacSense, a Caesaria-based medical device company, has raised $6m in a round led by the Israeli crowdfunding investment platform, Together, and a group of Israeli and European strategic investors.
OCON Healthcare, a company developing an innovative, hormone-free intrauterine-contraception platform, raised $2m in an in-house funding round, led by Pontifax VC, with existing investors Docor VC, and a private American family fund also contributing to the round.
M&A and IPOs
OptimalPlus, a Holon-based big data analytics company, has been acquired by US-based, National Instruments (NATI), an automated tests and measurement company, for $365m
CyberX, an IOT cybersecurity company with a patent for M2M-aware behavioral analytics and machine learning technology, was acquired by Microsoft for $165m.
PolyPid, a clinical-stage biopharmaceutical company focused on developing, manufacturing and commercializing novel, locally administered therapies to improve surgical outcomes, has set terms for its NASDAQ listing to raise between $47m – $53m.
Intucell, a Raanana-based, self-optimizing network (SON) company that was acquired by Cisco in 2013 for $475m, is being sold to Indian multinational HCL Technologies Ltd. in a $50m deal.
Flash Networks, a leading provider of optimization solutions for the mobile internet, is being acquired by Toronto-based Volaris Group, an operating group of Constellation Software, for $20m.
SaverOne, the world's first system providing an effective solution for cell phone distracted driving, has submitted its documentation for a public listing on the TASE in order to raise $7.5m
On behalf of everyone at iAngels, I'd like to thank you for tuning in to our deal digest. If you'd like to receive a version directly to your inbox, please subscribe below.
Subscribe to the iAngels Deal Digest
The iAngels Team
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iAngels Israeli Deal Digest – May 2020
June 2, 2020 /in Monthly Deal Digest, News /by Massimo
This May we tracked 28 announced deals totaling at approximately $582.5 Million, and 3 exits of $1.085 Billion.
IT & Enterprise Software and Miscellaneous Semiconductors were the two top performing sectors this month. Verint, a company that provides end-to-end programs and consulting services to deliver actionable intelligence for customer engagement optimization; security intelligence; and fraud, risk, and compliance, received $200 Million from Apax Partners. Xsight Labs, a company that developed chipset semiconductors designed to accelerate data-intensive workloads, collected $55 Million in a series B financing round from A&E Investments, Atreides Management, Battery Ventures, Inphi, Intel Capital, M12, Valor Equity Partners, Xilinx Ventures and Private Investors.
On the M&A side, we tracked one large acquisition in the sector of Communications. Moovit, a free local transit planner, featuring live arrival & departure times, updated line schedules, local station maps, and service alerts, was acquired by Intel for $1 Billion. We also tracked one IPO in the field of Life Sciences. Ayala Pharmaceuticals, a clinical-stage precision oncology company dedicated to developing and commercializing potential small molecule therapeutics for patients suffering from rare and aggressive cancers, collected $55 Million in its Initial Public Offering on the NASDAQ Global Market.
May 2020 Investment Highlights
BeeHero, an iAngels portfolio company that helps farmers increase their crop yield by maximizing crop pollination, closed $4 Million in a seed round from iAngels, Direct Round, J-Ventures, Plug & Play, Rabo Food & Agri Innovation Fund and UpWest.
Orca Security, a company that developed a cloud information security solution capable of detecting vulnerabilities, malware, configuration errors, and sensitive insecure information, collected $20 Million in a series A financing round led by GGV Capital with participation from Hyperwise Ventures, StoneMill Ventures, SVCI, YL Ventures and Private Investors.
Deel, a company that simplifies compliance and payments at scale for companies hiring contractors globally, including onboarding, localized contracts, rights of work document requests, and tax form and invoice generation, received $14 Million in a series A financing round led by Andreessen Horowitz with participation from AltaIR Capital, La Famiglia, Recursive Ventures, Sarona Ventures, Soma Capital, Weekend Fund and Private Investors.
D-ID, a company that allows organizations to enhance security and ensure their customers' and employees' privacy by removing sensitive biometric Personally Identifiable Information from videos and still images, closed $13.5 Million in a series A financing round led by AXA Venture Partners with participation from AI Alliance, Hyundai CRADLE, Maverick Ventures Israel, Mindset Ventures, Omron Ventures and Pitango.
AccessiBe, a company that developed a web accessibility platform intended to make digital space fully accessible to people with disabilities, raised $12 Million in a series A financing round led by K1 with participation from Glilot Capital and Private Investors.
Source Defense, a company that provides real time threat protection against vulnerabilities originating in third-party scripts such as Magecart & Formjacking attacks, collected $10.5 Million in a series A financing round led by Capital One Growth Ventures with participation from AllegisCyber, Connecticut Innovations, Global Brain, JVP and NightDragon Security.
GreenEye, a company that focuses on precision agriculture aiming to dramatically reduce chemical usage while increasing productivity and profitability for farmers, received $7 Million in a series A financing round led by JVP with participation from 2B Angels, Hike Ventures, Hyperplane Venture Capital, One Way Ventures, Panache Ventures and Syngenta Ventures.
NewSight, a company that manufactures advanced CMOS (Complementary Metal Oxide Semiconductor) image sensor chips created for short-range LiDAR applications, closed $7 Million in a series A financing round led by Infinity I-China with participation from EnnoVenture, Infore, Likai Li, Wadi Ventures Fund, Undisclosed Chinese Investors and Private Investors.
Alike, a company that uses artificial intelligence, crowdsourcing, and big data to empower patients by helping them monitor their own conditions, raised $5 Million in a series A financing round led by Pitango HealthTech with participation from private Investors.
HUB Security, a company that provides cyber-security solutions for large financial institutions and other banking, cloud, and blockchain enterprises, collected $5 Million in a series A financing round led by AXA Venture Partners with participation from OurCrowd.
Nanofabrica, a company that combines patented hardware with proprietary materials to develop 3D-printing solutions, received $4 Million in a series A financing round led by M12 with participation from Alpha Venture Partners, F2 Venture Capital, i3 Equity Partners Fund, NextLeap Ventures and Private Investors.
Fize Medical, a company that provides innovative solutions for the accurate, real-time monitoring of vital signs, closed $2 Million in a series A financing round from Mendham and Rapha Capital management.
Neema, a company that provides global financial services and specializes in providing digital wallet services and money transfers to populations that do not adequately respond to the existing financial system, such as foreign workers and others, raised $1.5 Million in a series A financing round from Discount Capital.
Xsight Labs, a company that developed chipset semiconductors designed to accelerate data-intensive workloads, collected $55 Million in a series B financing round from A&E Investments, Atreides Management, Battery Ventures, Inphi, Intel Capital, M12, Valor Equity Partners, Xilinx Ventures and Private Investors.
Semperis, a company that provides cyber preparedness, incident response and disaster recovery solutions for enterprise directory services, received $40 Million in a series B financing round led by Insight Partners with participation from Edgewater Equity, Maverick Ventures Israel, Mindset Ventures, WTV and Private Investors.
Zeitgold, a company that aims to help small businesses reduce financial related paperwork by combining experts and artificial intelligence, closed $30 Million in a series B financing round led by Vintage with participation from AXA Venture Partners, Battery Ventures, Btov Partners, DTCP Fund, HV Holtzbrinck Ventures, Saban Ventures Fund and Private Investors.
RapidAPI, a company that allows developers to easily discover and connect to the world's top APIs and manage multiple API connections in one place, raised $25 Million in a series B financing round from 500 Startups, Andreessen Horowitz, DNS Capital, FundersClub, Green Bay Ventures, Grove Ventures, M12, SV Angel and Private Investors.
CyberBit, a company that offers cyber security solutions for sensitive and valuable systems in government, military, enterprise, academia, and other fields, received a $70 Million investment from Charslesbank Technology Opportunities Fund, where $48 Million was paid for existing shareholders in the company while the remaining $22 Million was collected by CyberBit in a series B financing round led by Charlesbank Technology Opportunities Fund with participation from Claridge Israel.
IRP Systems, a company that specializes in high-performance electric powertrain systems for a variety of e-mobility platforms, enabling powerful and affordable electric vehicles, received $17 Million in a series B financing round led by Fosun RZ Capital with participation from Cendana Capital, Champion Motors, Entrée Capital Israel, JAL Ventures, Tal Capital, Union Tech Ventures and a Private Investor.
Saturas, a company that developed a tiny sensor for measuring the water potential in the breed, which can help optimize the use of irrigation water and obtain a quality crop in orchards and vineyards, closed $3 Million in a series B financing round from Amir Marketing and Investments, Gefen Capital Fund, Hubei Forbon, Israel Farmers' Union, Miguel Torres Winery SA Trendlines Agrifood and a Private Investor.
Nanit, a company that developed computer vision and machine learning algorithms to monitor and understand babies' behavior patterns, received $21 Million in a series C financing round co-led by JVP, Rho, RRE and Upfront Ventures with participation from 645 Ventures, AME Cloud Ventures, Flex, Jacobs Technion-Cornell Institute, Story Ventures, Vaal Investment Partners, Vulcan Capital, Wareness and a Private Investor.
FundBox, a company that offers small-business owners a simple way to solve their cash flow issues by instantly clearing outstanding invoices, raised $20 Million in a series C financing round from MUFG Innovation Partners.
LawGeex, a company that uses artificial intelligence to automate contract analysis and testing and provides transaction acceleration solutions alongside contract protection, collected $20 Million in a series C financing round from Aleph, Corner Ventures, La Maison, LionBird, LooI, Moonbow, Power Capital, RSP Fund and a Private Investor.
Verint, a company that provides end-to-end programs and consulting services to deliver actionable intelligence for customer engagement optimization; security intelligence; and fraud, risk, and compliance, received $200 Million from Apax Partners.
Pluristem, a clinical-stage biotherapy company using placental cells and a unique, proprietary 3D technology platform to develop cell therapies for conditions such as inflammation, ischemia, muscle injuries, hematological disorders and exposure to radiation, closed $15 Million from undisclosed institutional investors.
Regulus Cyber, a company that offers sensor security, enabling uninterrupted, continuous operation under malicious attacks or accidental interference to sensors, collected $4 Million in a bridge financing round led by SPDG Ventures with participation from Btov Partners, Canaan Israel, F2 Venture Capital, Sierra Ventures, T3-Technion Technology Transfer, Technion DRIVE and Private Investors.
Check-Cap, a clinical stage medical diagnostics company focused on the development of innovative imaging devices, received $3 Million from undisclosed institutional investors.
ScoutCam, a company that specializes in developing minimally invasive endosurgical tools and imaging solutions, raised $2 Million from a Private Investor.
Moovit, a free local transit planner, featuring live arrival & departure times, updated line schedules, local station maps, and service alerts, was acquired by Intel for $1 Billion.
Ayala Pharmaceuticals, a clinical-stage precision oncology company dedicated to developing and commercializing potential small molecule therapeutics for patients suffering from rare and aggressive cancers, collected $55 Million in its Initial Public Offering on the NASDAQ Global Market.
Surf, a company that develops and markets high-density multimedia processing technologies in a wide variety of formats for telecommunication infrastructures, military deployments, and CTI applications, was acquired by Lytx with regard to the video division for $30 Million.
On behalf of everyone at iAngels, we would like to thank you for tuning in to our deal digest. If you'd like to receive a version directly to your inbox, please subscribe below.
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iAngels Israeli Deal Digest – April 2020
May 4, 2020 /in Monthly Deal Digest, News /by Massimo
Over the past few months, the world has been rocked by the rapid and global spread of the Coronavirus. With the expectation of restrictions starting to ease, so too has funding increased compared to the month of March.
This April we tracked 36 announced deals totaling approximately $720.6 Million, and 1 exit of $67 Million.
IT & Enterprise Software and Miscellaneous Semiconductors were the two top performing sectors this month. Biocatch, an iAngels portfolio company that delivers behavioral biometrics, analyzing human-device interactions to protect users and sensitive data, raised $145 Million in a series C financing round led by Bain Capital Tech Opportunities with participation from Amex Ventures, Blumberg Capital, CreditEase FinTech Fund, Industry Ventures, Janvest, Maverick Capital, Nexstar Partners and OurCrowd. Vast Data, a company that simplifies data centers and redefining how organizations interact with data with its Universal Storage concept, collected $100 Million in a series C financing round led by Next47 with participation from 83North, Commonfund Capital, Dell Capital, Greenfield Partners, GS Growth, Mellanox Capital and NVP.
On the M&A side, we tracked one acquisition in the field of Life Sciences. ApiFix, a company that develops a minimally invasive, deformity correction system for the treatment of progressive adolescent idiopathic scoliosis (AIS), was acquired by OrthoPediatrics for $67 Million.
April 2020 Investment Highlights
Corsight AI,a company that facilitates the identification of individuals within population concentrations, while dealing with face and costume covers, lighting difficulties, remote detection, challenging angles and more, closed $5 Million in a seed round from Awz HLS.
Arti.tv, a company that provides the ability to create augmented-reality stories full of insights, data, and information, raised $4 Million in a seed round led by Axon Ventures Fund with participation from Private Investors.
SuperTrans Medical, a biopharmaceutical company developing novel antibiotics by improving the properties of existing FDA compounds following chemical conjugation to a unique transporter technology called Guanidinium-Rich Molecular Transporter (GRMoTr), collected $2 Million in a seed round from Mediforum.
Pileus, a computer software company that offers a platform designed to optimize cloud-based software with cloud-related accounts, received $1 Million in a seed round from Private Investors.
SOSense, a company that developed a new device that can prevent potential drownings, without using cameras, closed $1 Million in a seed round led by Cresson Management with participation from IPE and Private Investors. (The article is in Hebrew.)
Tonkean, a process management and automation platform that manages processes, connects systems, automates work, and coordinates people, allowing teams to focus on what matters, raised $24 Million in a series A financing round led by Lightspeed with participation from Foundation Capital, Magma and Slow Ventures.
Bridgecrew, a company that develops and delivers security as a code, so anyone, anywhere can deploy the defenses needed to protect their cloud infrastructure, collected $14 Million in a series A financing round led by Battery Ventures with participation from DNX Ventures, Homeward Ventures, NFX, Sorenson Capital, Tectonic Ventures and Private Investors.
Granulate, a company that develops a product to improve real-time performance of cloud servers and solves the trade-off between service quality and costs, and provides customers with high-quality results through improved infrastructure performance, received $12 Million in a series A financing round led by Insight Partners with participation from Hetz Ventures, TLV Partners and Private Investors.
MigVax, a company that develops a sub-unit corona vaccine through the use of a chimeric protein that introduces the viral proteins into the immune system through the pharynx, closed $12 Million in a series A financing round led by OurCrowd with participation from Private Investors.
Orchestra Group, a company that developed a platform that combines multiple security abilities and products into a unified platform which allows for a more effective construction and enforcement of organizational security policies, raised $7.5 Million in a series A financing round led by PRYTEK with participation from Founders Group, PICO Partners, Target Global and a Private Investor.
XRHealth, a medical device company that develops XR (VR/AR) therapeutic platform consisting of innovative, immersive, therapeutic applications which address a wide variety of neuro-cognitive, emotional and physical symptoms, collected $7 Million in a series A financing round from 20/20 HCP, Bridges Israel Fund and Flint Capital.
Addionics, a company that has developed a scalable 3D metal fabrication method to enhance car battery performance, increase mileage and safety, and reduce cost and charging time, raised $6 Million in a series A financing round led by Next Gear Fund with participation from a Private Investor.
ZES, a company that automates climate comfort in every room while optimizing workload and reducing energy consumption, received $5.3 Million in a series A financing round led by SCG with participation from Fusion LA, Israel G-Tek and Private Investors. (The article is in Hebrew.)
MyndYou, a platform that provides tools for maintaining cognitive abilities through technology based on passive monitoring approach, novel cognitive assessment method, and AI-generated, actionable insights, closed $4 Million in a series A financing round led by AI Life Sciences Investments with participation from Amplifyher Ventures, Daybreak Capital Partners, First Round Capital, Impact First and Musketeer Capital.
URECSYS, an iAngels portfolio company that has developed a unique machine learning and data-rich, scientific algorithm for smart prediction and control of indoor pollution, collected $3 Million in a series A financing round led by iAngels with participation from MYN Investments and Private Investors.
AgroScout, a company that is developing an autonomous scouting system that uses deep learning algorithms based on artificial intelligence to allow quick, efficient detection, identification, and monitoring of crop diseases throughout the entire field, received $3 Million in a series A financing round led by Kibbutz Yiron with participation from Agriline, Trendlines Incubators and Private investors via ExitValley.
Cheetah Technologies, a company that offers business owners a simple, affordable and fast solution for the procurement of their daily supplies, closed $36 Million in a series B financing round led by Eclipse Ventures with participation from AltaIR Capital, BoxGroup, Floodgate, Hanaco VC, ICONIQ Capital and a Private Investor.
Tabit, a company that has developed a complete restaurant system for all functions, seating management, reception of diners, online ordering, self ordering Kiosk, staff & kitchen management and tablet-based waiters, raised $35 Million in a series B financing round led by Vertex with participation from Harel Insurance Investments and Financial Services, Pitango and Private Investors.
CyberMDX, a company that offers a comprehensive security solution that enables the identification and learning of medical device and critical network assets automatically and protection without interference of the device itself, collected $20 Million in a series B financing round led by Sham with participation from Goldbell Investments, OurCrowd, Pitango and Private Investors.
Scopio, a company that has designed and built a computational microscope and developed a proprietary diagnostics platform to enable quality microscopic analysis, received $16 Million in a series B financing round from OurCrowd, Aurum, LR Group, Mivtach Shamir, Olive Tree, Targum Shlishi and Private Investors.
Secret Double Octopus, a software company specializing in passwordless authentication for enterprise environments that is highly resistant to common attacks such as phishing, MITM and cracking, closed $15 Million in a series B financing round from Benhamou Global Ventures, Global Brain, Iris Capital, JVP, KDDI Open Innovation Fund, Liberty Israel, Sony Financial Ventures and a Private Investor.
InnovoPro, a company that develops protein powder from hummus and among others, produces ice creams, milk substitutes and protein for bodybuilders, raised $15 Million in a series B financing round led by JVP with participation from Bits x Bites, CPT Capital, ELSA, Food Future, Foodlab Capital, ID Capital, IDB Holding Corp, Jesselson, Living Essentials, MedGenesis, Migros, Yara Ventures, Shin Shin and Private Investors.
Hargol FoodTech, a company that has developed an innovative farm system for high-quality and sustainable grasshopper protein production, collected $3 Million in a series B financing round co-led by Sirius Venture Capital and SLJ with participation from Private Investors.
By Next, a mobile application for on-demand laundry & dry-cleaning service where users can have their laundry or dry-cleaning picked up and delivered to their door, received $1.5 Million in a series B financing round from AddVenture. (The article is in Hebrew.)
V-Check, a company that developed a digital payment platform that allows sending and receiving digital checks which are transferred directly to the bank account, closed $0.5 Million in a series B financing round from Private Investors. (The article is in Hebrew.)
Biocatch, an iAngels portfolio company that delivers behavioral biometrics, analyzing human-device interactions to protect users and precious data, raised $145 Million in a series C financing round led by Bain Capital Tech Opportunities with participation from Amex Ventures, Blumberg Capital, CreditEase FinTech Fund, Industry Ventures, Janvest, Maverick Capital, Nexstar Partners and OurCrowd.
Vast Data, a company that simplifies data centers and redefines how organizations interact with data with its Universal Storage concept, collected $100 Million in a series C financing round led by Next47 with participation from 83North, Commonfund Capital, Dell Capital, Greenfield Partners, GS Growth, Mellanox Capital and NVP.
Otonomo, a company that provides car manufacturers, drivers, and service providers with a cloud-based solution that connects millions of cars, received $46 Million in a series C financing round led by SK Holdings with participation from Alliance Ventures, Avis, Bessemer, Cerca Fund, ClalTech, Delphi Venture Capital, EMC Ventures, Hearst Ventures, LocalGlobe, Maniv Mobility, NTT DOCOMO Ventures and StageOne.
GlassBox, a company that provides businesses with big-data behavioral and analytics solutions for web and mobile apps, closed $40 Million in a series C financing round led by Brighton Park Capital with participation from CE Ventures, Gefen Capital Fund, Ibex Investors Sapir Venture Partners, Updata Partners and Private Investors.
Anodot, a company that monitors all data for revenue impacting incidents in real-time, raised $35 Million in a series C financing round led by Intel Capital with participation from Aleph, Disruptive Technologies Fund, Greylock Israel, La Maison, Redline Capital, Samsung Next and SoftBank Ventures Asia.
Pi-Cardia, a medical device company developing a low-profile catheter for treating aortic stenosis, a serious valve disease, collected $27 Million in a C series financing round led by Sofinnova with participation from Accelmed, Anatomy Medical Technologies Fund, CBI, Fondi Atlante Ventures, Innogest, JVC, LongTec China Ventures, VI Ventures, Zaitoun Ventures and Private Investors.
SafeBreach, a company that provides a "hacker's view" of an enterprise's security posture to proactively predict attacks, validate security controls and improve SOC analyst response, received $19 Million in a series C financing round led by OCV with participation from Cerca Fund, Deutsche Telekom Capital Partners, DNX Venture, Draper Nexus, Hewlett Packard Pathfinder, Maverick Ventures, Pathfinder, PayPal and Sequoia Israel.
Juganu, a technology company providing solutions for the professional Lighting and Communication market, closed $18 Million in a series C financing round led by Comcast Ventures with participation from Amdocs Ventures, Armada Investment Management, BM Holdings, OurCrowd and Viola Growth.
Gauzy, a vendor of material science, focused on developing, manufacturing, and marketing LCG® (light control glass) technology, raised $10 Million in a C series financing round led by Hyundai CRADLE with participation from Avery Dennison Corporate Venture Capital Program, BlueRed, Ibex Investors, Olive Tree and Waarde Capital.
Amiad, a company that develops and produces water treatment and filtration solutions, collected $22 Million from FIMI.
Check-Cap, a clinical stage medical diagnostics company focused on the development of innovative imaging devices, received $4.5 Million from Undisclosed Institutional Investors.
ApiFix, a company that develops a minimally invasive, deformity correction system for the treatment of progressive adolescent idiopathic scoliosis (AIS), was acquired by OrthoPediatrics for $67 Million.
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iAngels Israeli Deal Digest – March 2020
April 2, 2020 /in Monthly Deal Digest, News /by Massimo
Over the past month, the world has been rocked by the rapid and global spread of the Coronavirus. Most countries went into lockdown to contain the spread of the virus. As a result, economic activity slowed across the world.
This March we tracked 20 announced deals totaling approximately $297.65 Million, and 2 exits totaling approximately $1.45 Billion.
Miscellaneous Semiconductors and IT & Enterprise Software were the two top performing sectors this month. Hailo, a company that develops a breakthrough microprocessor based on a disruptive proprietary technology for deep learning applications, that will deliver data center performance to edge devices, closed $60 Million in a series B financing round co-led by ABB Technology Ventures and NEC with participation from Glory Venture, Latitude Ventures, Maniv Mobility, Next Gear Fund, OurCrowd and Private Investors. Axonius, a cybersecurity asset management company that gives organizations a comprehensive asset inventory, uncovers security solution coverage gaps, and automatically validates and enforces security policies, closed $58 Million in a series C financing round led by Lightspeed with participation from Bessemer, Emerge Fund, OpenView, Vertex, WTI and YL Ventures.
On the M&A side, one large acquisition was made in the field of IT & Enterprise Software and one other acquisition in the field of Life Sciences. Checkmarx, a company that develops software solutions used to identify, fix and block security vulnerabilities in web and mobile applications, was acquired by Hellman & Friedman for $1.15 Billion. STERO Biotechs, a company that develops cannabidiol ("CBD") for co-administration with steroids, so that the effective doses of steroids can be significantly reduced, thereby potentially avoiding or reducing the many safety issues relating to steroid administration, was acquired by Kalytera for $30 Million.
March 2020 Investment Highlights
Quantum Machines, a company that develops operation and control systems for quantum computers, hardware and software that allow to realize the potential of quantum computing, raised $17.5 Million in a series A financing round co-led by Harel Insurance Investments and Financial Services and a Private Investor with participation Battery Ventures, Meron Capital Fund and TLV Partners.
Axis Security, a company that develops a solution for private, secure and simple access to enterprise applications in enterprise clouds and enterprise servers, collected $14 Million in a series A financing round led by TenEleven Ventures with participation from CyberStarts Fund and Private Investors.
ePlane, a company that is a free end-to-end sourcing solution for the aviation industry, connecting buyers, sellers & MROs from across the world, received $9 Million in a series A financing round led by Marubeni Ventures with participation from Cockpit and Private Investors.
URECSYS, an iAngels portfolio company and an environmental health technology pioneer in the battle against urban air pollution, closed $4 Million in a series A financing round from iAngels, GRG Patents, MYN Investments and Private Investors.
Sepio, a cyber security company that provides security teams with full visibility into their hardware assets and their behavior in real time, raised $4 Million in series A financing round led by Munich Re Ventures with participation from Hanaco VC.
TetaVi, a high-tech company that focuses on developing a method and system to generate high quality Free Viewpoint Video (FVV) content for sports, broadcast and virtual reality applications to be viewed on all available screens, collected $4 Million in a series A financing round led by REDDS Capital with participation from Asia Alpha Private Equity, MJR-09 Family Trust, Pix Vine Capital, Sandler Investments and Stone Family Partners.
Y-Platform, a company that runs a large online video channel for the Chinese audience to understand the young generation of foreigners in China, received $3.5 Million in a series A financing round from Kunlun, Weibo Corp and a Private Investor.
Odix, a software company that uses unique algorithm to neutralize any malware including ransomware, known and unknown from most commonly used files which are one of the most popular cyber-attack vectors, closed $2.1 Million in a series A financing round from Club 100 Plus, EMET Computing, Keiretsu Forum and Private Investors.
Pruvo, a company that developed an app that will track the price the users paid when booking the hotel, and notify them as soon as it's down, so they can cancel it, and book the exact same room, at the new, lower price, raised $1.1 Million in a series A financing round co-led by SeedRocket 4Founders and Private Investors with participation from a Private Investor.
Hailo, a company that develops a breakthrough microprocessor based on a disruptive proprietary technology for deep learning applications, that will deliver data center performance to edge devices, closed $60 Million in a series B financing round co-led by ABB Technology Ventures and NEC with participation from Glory Venture, Latitude Ventures, Maniv Mobility, Next Gear Fund, OurCrowd and Private Investors.
Air Doctor, is a marketplace of doctors for tourists traveling abroad, making it easy to find a trusted and licensed doctor nearby and schedule an immediate appointment, raised $7.8 Million in a series B financing round from Kamet Ventures and Pheonix Investment and Finances.
OrthoSpin, a company focused on developing a smart external fixation system to allow real-time physician follow-up and to reduce dependency on patient compliance, received $5 Million in a series B financing round led by Johnson & Johnson Innovation with help from Trendlines Incubators and Private Investors.
Anchora Medical, a company that developed an automatic, single-use suturing device for the approximation of soft tissue during minimally invasive surgeries, closed $4.5 Million in a series B financing round co-led by Hoya and Tal Capital with participation from RLI and a Private Investor.
Perimeter 81, a network security company that is designed to simplify secure network, cloud and application access for the modern and distributed workforce, raised $4.5 Million in a series B financing round led by Toba Capital with help from JAL Ventures, SonicWall, Spring Ventures and a Private Investor.
Axonius, a cybersecurity asset management company that gives organizations a comprehensive asset inventory, uncovers security solution coverage gaps, and automatically validates and enforces security policies, closed $58 Million in a s series C financing round led by Lightspeed with participation from Bessemer, Emerge Fund, OpenView, Vertex, WTI and YL Ventures.
Pyramid Analytics, a company that offers a business intelligence and analytics platform that enables individuals, from power users to knowledge workers to decision makers, to transform their organization into a data-driven business, raised $25 Million in a series C financing round led by JVP with help from Maor, Sequoia Israel, Viola Growth and Viola Partners.
BioSight, a pharmaceutical development company that is focused on the development of therapeutics to enable safer and more effective treatment for life-threatening diseases, collected $19 Million in a series C financing round from Arkin Bio Ventures, Ilan Holdings, Israel Biotech Fund, Primera Capital, SBI JI Innovation Fund, Shine Global Family Office and Private Investors.
Anagog, a company that utilizes its JedAI suite of products to enable mobile phones to understand users' real-world behaviors and real-time context, received $10 Million in a series C financing round co-led by IN Venture and MizMaa Ventures with participation from Continental AG, Daimler M&A Tech Invest, GigOptix Inc, Porsche Ventures, Skoda and Union Tech Ventures.
Protalix, a pharmaceutical company that manufactures a plant-based enzyme, taliglucerase alfa, which has received U.S. Food and Drug Administration approval for the treatment of Gaucher disease, closed $43.7 Million in a series C financing round from Alrov, Citi, Highbridge Capital, More Investment House, Psagot, Rosalind Capital Partners and UBS O'Connor.
ScoutCam, a company that specializes in developing minimally invasive endosurgical tools and imaging solutions, collected $0.948 Million in a series C financing round from Undisclosed Investors.
Checkmarx, a company that develops software solutions used to identify, fix and block security vulnerabilities in web and mobile applications, was acquired by Hellman & Friedman for $1.15 Billion.
STERO Biotechs, a company that develops cannabidiol ("CBD") for co-administration with steroids, so that the effective doses of steroids can be significantly reduced, thereby potentially avoiding or reducing the many safety issues relating to steroid administration, was acquired by Kalytera for $30 Million.
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iAngels Israeli Deal Digest – February 2020
March 3, 2020 /in Monthly Deal Digest, News /by Massimo
This February we tracked 29 announced deals totaling approximately $742 Million, and 7 exits totaling approximately $2.28 Billion.
Life Sciences and PropTech were the two top performing sectors this month. Karius, a life sciences company that is focused on conquering infectious diseases through the innovative use of next-generation sequencing to analyze microbial cell-free DNA, closed $165 Million in a series B financing round led by Softbank Vision Fund with participation from aMoon, Data Collective, General Catalyst, HBM, Innovation Endeavors, Khosla Ventures, Lightspeed, Spectrum 28 and Tencent Exploration. Veev, a company that brings an inventive spirit to the construction and real estate development, raised $97 Million in a series B financing round from Eclipse Ventures, Greenspring Associates, Khosla Ventures, Zeev Ventures and Lennar Ventures.
On the M&A side, two large acquisitions were made in the field of Enterprise Software and one large acquisition in the field of Life Sciences. ForeScout, a company that delivers pervasive network security by allowing organizations to continuously monitor and mitigate security exposures and cyber attacks, was acquired by Advent and Crosspoint Capital for $1.9 Billion. CyberX, a company that developed a system that provides protection to networks in factories and industrial control systems by analyzing current activity and anomaly detection through machine learning, was acquired by Microsoft for $150 Million. Further, Simplee, a company that empowers healthcare providers to engage patients as consumers and transform payment into a trusted, self-service experience, was acquired by Flywire for $100 Million.
February 2020 Investment Highlights
Mavrik, a company that developed a fully automated and regulatory compliant treatment delivery platform designed to revolutionize in-office dental therapies, closed $30 Million in a series A financing round led by Ally Bridge Group with participation from Private Investors.
Beyond, a cyber security startup in stealth mode, raised $21 Million in a series A financing round from Sequoia Capital and Private Investors.
Elementor, an intuitive, front-end site builder for WordPress that allows users to create, design, manage and optimize WordPress websites, collected $15 Million in a series A financing round from Lightspeed and Private Investors.
L1ght, a company that protects children online from harassment, cyberbullying, predatory behaviour and harmful content, received $15 Million in a series A financing round led by Mangrove with help from Tribeca Venture Partners and WTI.
Clear, a company that builds blockchain-based networks and applications for frictionless enterprise commerce, closed $13 Million in a series A financing round led by Eight Roads with participation from DTCP Fund, HKT, SingTel Innov8 and Telefonica Innovation Ventures.
Model9, a company that modernizes mainframe data management and business intelligence in large enterprises and helps them accelerate their adoption of hybrid cloud paradigms, models, and benefit from cloud technologies and economies, raised $9 Million in a series A financing round led by Intel capital with help from GlenRock, North First Ventures, StageOne and Log-On Software Ltd.
Datree, a company that scans, catalogues and recommends code components in the context of the clients stack, helping developers select the right component for the right job based on the data, collected $8 Million in a series A financing round co-led by Blumberg Capital and TLV Partners with participation from Y Combinator and a Private Investor.
EquityBee, a company that helps startup employees get the money they need to exercise their stock options before they expire, received $6.6 Million in a series A financing round led by Group 11 with help from AltaIR Capital, Battery Ventures and LocalGlobe.
Strattic, a company that converts CMS-based websites into serverless versions, making them faster, scalable and virtually unhackable, closed $6.5 Million in a series A financing round co-led by SignalFire and TenOneTen Ventures with participation with from Accel, Seneca VC, Village, Automattic, Launch It Capital and a Private Investor.
Trellis Legal Intelligence, a company that builds legal intelligence and judicial analytics for law firms, raised $4.4 Million in a series A financing round led by Craft ventures with help from Intrepid Ventures, Okapi Venture Capital, Revel Partners, Sequoia Capital and Private Investors.
Yofix, a company that develops and manufactures vegan and soy-free fermented plant-based prebiotic and probiotic foods, collected $2.5 Million in a series A financing round led by Mueller Ventures with participation from Bel Group and LionTree.
Wishbox, a personalized guest experience platform that enables property managers to increase sales and improve customer engagement, received $2.5 Million in a series A financing round from BNF Capital and Private Investors.
Karius, a company that is focused on conquering infectious diseases through the innovative use of next-generation sequencing to analyze microbial cell-free DNA, closed $165 Million in a series B financing round led by Softbank Vision Fund with participation from aMoon, Data Collective, General Catalyst, HBM, Innovation Endeavors, Khosla Ventures, Lightspeed, Spectrum 28 and Tencent Exploration.
Veev, a company that brings an inventive spirit to the construction and real estate development, raised $97 Million in a series B financing round from Eclipse Ventures, Greenspring Associates, Khosla Ventures, Zeev Ventures and Lennar Ventures.
Intuition Robotics, a company that is pioneering the move from digital assistants, Alexa and Siri, to digital companions, rich proactive characters that initiate context-aware, multi-model interactions, collected $36 Million in a series B financing round co-led by OurCrowd and SPARX Group with participation from Bloomberg Beta, Capital Point, Glory Ventures, Happiness Capital, iRobot Ventures, Maniv Mobility, Mirai Creation, Samsung Next, Sompo Holdings, Sumitomo Mitsui Banking Corp, Terra, Toyota AI Ventures, Union Tech Ventures and Wolfpack Ventures.
At Bay, a cyber insurance company that builds risk management products and services that keeps clients safe and enable brokers to provide more insightful coverage analysis and eliminate the need for manual processing, received $34 Million in a series B financing round co-led by Acrew Capital and Munich Re Ventures with help from Cera Fund, Khosla Ventures, Lightspeed, LocalGlobe and Private Investors.
floLIVE, a privately-owned company that provides global, secure, cloud-native loT connectivity solutions to enterprises, mobile operators and cloud providers, raised $21.5 Million in a series B financing round led by 83North with participation from Arie Capital, Golden Sunflower Capital, Saban Ventures Fund, Dell Capital, Qualcomm Ventures and Private Investors.
Wiliot, a fabless semiconductor company that develops passive SoC platforms for the loT market, collected $20 Million in a series B financing round led by Vintage with help from Maersk Growth, NTT DOCOMO Ventures, PepsiCo and Verizon Ventures.
Cherre, a company that provides investors, insurers, real estate advisors, and other large enterprises with a platform to collect, resolve, and augment real estate data from public, private and internal sources, received $16 Million in a series B financing round led by Intel Capital with participation from Bouaziz & Partners, Carthona Capital, Navitas Capital, Recursive Ventures, Sarona Ventures, Zigg Capital and Silicon Valley Bank.
Sixgill, a company that specializes in monitoring the deep and dark web by using technology to monitor the web and marketplaces for potential threats that could affect clients, closed $15 Million in a series B financing round co-led by REV Venture Partners and Sonae IM with help from Cognitiv Fund, Elron, Terra and TerraLab Ventures.
DRiiVZ, a global digital software supplier to Electric Vehicle operators and service providers, accelerating the plug-in EV industry's dynamic and continuous transformation, raised $11 Million in a series B financing round led by Centrica Innovations with participation from Gilbarco Veeder-Root, Inven Capital, Ombu Group and a Private Investor.
ActiView, a HR tech company that specializes in the advancement of recruitment and talent development, by combining the latest cutting-edge technology with scientific research, collected $10 Million in a series B financing round led by a Private Investor with help from other Private Investors.
K Health, a company that uses data to empower people to make informed health decisions by connecting knowledge to create reliable and relevant health data, raised $48 Million in a series C financing round co-led by 14W and Mangrove with participation from Anthem Health, Bessemer, BoxGroup, Comcast Ventures, Lerer Hippeau Ventures, Max Ventures and Primary Ventures.
NeoTX Therapeutics, a biopharmaceutical company that focuses on research and development in oncology immunotherapy, collected $45 Million in a series C financing round from NDFOS, Starr Ventures, Tako Ventures and Private Investors.
Deep Instinct, a company that applies end-to-end deep learning to cybersecurity by implementing advanced artificial intelligence to the task of preventing and detecting malware, raised $43 Million in a series C financing round led by MTVP with participation from AIC, ATW Partners, Blumberg Capital, Cerracap Ventures, CNTP, Coatue Management, Cushman & Wakefield, HP Tech Ventures, LG Technology Ventures, NVIDIA GPU Ventures, Samsung Ventures, Unbound, US News and UST Global.
OpenLegacy, a company that accelerates delivery of innovative digital services from legacy systems in days versus months, collected $20 Million in a series C financing round from SBI Holdings.
temi, a company developing an intelligent, mobile, personal robot for home and office that is capable of recognizing and following its users around, making video calls, playing music or moving small objects from room to room, received $15 Million in a series C financing round led by Joy Capital with help from Crossroad, FengHe, Ogawa, Tung Hing Enterprise and Private Investors.
AllSeated, a company that provides event-planning professionals with technology that enables them to visualize events and collaborate in real time via 3D tools, closed $4.4 Million in a series C financing round led by Liquidity Capital with participation from Magma, Royalty Ventures and Private Investors.
Enlivex, a clinical stage immunotherapy company, developing an autologous and allogeneic drug pipeline for immune system rebalancing, raised $8 Million from Undisclosed Institutional Investors.
ForeScout, a company that delivers pervasive network security by allowing organizations to continuously monitor and mitigate security exposures and cyber attacks, was acquired by Advent and Crosspoint Capital for $1.9 Billion.
CyberX, a company that developed a system that provides protection to networks in factories and industrial control systems by analyzing current activity and anomaly detection through machine learning, was acquired by Microsoft for $150 Million.
Simplee, a company that empowers healthcare providers to engage patients as consumers and transform payment into a trusted, self-service experience, was acquired by Flywire for $100 Million.
Convexum, a company that pioneers counter-drone solutions protecting perimeters from rogue or malicious drones, was acquired by NSO for $60 Million.
Exalenz, a company that develops and commercializes advanced systems that extract vital information for diagnostics from subtle changes in the patient's exhaled breath, was acquired by Meridian Bioscience for $49.4 Million.
CreditGuard, a company that provides secured electronic payment transaction solutions for cards, to thousands of clients around the world, was acquired by Max for $20 Million.
SuperQuery, a company that develops an optimization engine for serverless BigData services such as Google and Oracle 18c, was acquired by DoiT for $5 Million.
Massimo is an investment associate in the iAngels investment team. He is passionate about technology & innovation and enjoys working alongside entrepreneurs with disruptive business ideas looking to make an impact. At iAngels, Massimo focuses on seed as well as series A, B & C investments and has built special expertise around FinTech, Cybersecurity, Enterprise Software, Environmental Tech, AgriTech and FoodTech.
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