iAngels 2017 January Deal Digest

Welcome back to the iAngels monthly deal digest! This January we tracked 19 announced deals totaling $356m, alongside 10 acquisitions for a disclosed $1.1b.

The surge in growth financing continued as we witnessed a newly minted unicorn in Kaminario, while in parallel Kik acquired Rounds and established a new R&D center in Israel.

Read on for the full scoop!

Seed Rounds

  • Flytrex, a developer of end-to-end drone delivery solutions, raised $3m led by Armada VC with participation from Joey Low, and Daniel Gutenberg.
  • Sigma Accolade, a verified online achievement platform, raised $4.35m in a party-round led by Andreessen Horowitz and 10 other investors.
  • Gradtrain, a platform using big data analytics to predict the success rates of college applications, raised $500,000 from private investors.

Series A Rounds

  • Pagaya, an algorithmic asset manager focused on managing marketplace lending investments, raised $2m from Carmel Ventures.
  • Secret Double Octopusa network traffic protection solution, raised $6m from JVP, Liberty Media, Iris Capital, Benhamou Global Ventures, and Yaniv Tal.
  • Fraugster, an anti-fraud security system powered by AI, raised $5m led by Earlybird, Speedinvest, and Seedcamp.
  • ARTSaVIT, a cancer treatment drug development company, raised $6.3m led by Arkin Bio Ventures with Pontixfax Fund and Merck Ventures.
  • Inovytec, a developer of non-invasive critical care medical devices, raised $3m from Vincent Medical to extend its A round.

Series B Rounds

  • VisIC technologies, a developer of transistors for OEMs manufacturing electric motor drivers and power suppliers, raised $11.6m from Birch investment and existing investors.
  • Tracx, a social media management suite, raised $12.5m led by Camden Partners with participation by Edison Partners and Tracx CEO Rick Rudman.
  • HealthWatch, a developer of digital textile garments that monitor biometrics, raised $20m from Yiling, a Chinese medical company.

Growth/Miscellaneous Rounds

  • Feedvisora provider of algo-commerce solutions to online retailers, raised $20m led by General Catalyst with participation from existing investors.
  • Corephotonicsa developer of camera imaging technologies for phones, raised $15m led by Samsung Ventures, Foxconn, and Mediatek as well as existing investors.
  • Appsflyer, a global leader in mobile advertising attribution and market data analyticsraised $56m led by Qumra Capital with participation from Goldman Sachs, Magma, Pitango, and Deutsche Telekom.
  • Transmit Security, a mobile security software solution, emerged from stealth to announce $40m from Michael Boodaei, Rakensh Loonkar, and private investors.
  • Sentinel Onean endpoint security software aiming to replace traditional antivirus vendors, raised a $70m round led by Redpoint Ventures alongside Sound Ventures and existing investors.
  • Kaminario, an all-flash storage company redefining modern data centers, raised $75m led by Waterwood group and joined by Sequoia, Pitango, Lazarus, Silicon Valley Bank, and Globespan Capital Partners.

M&A

  • Mentad, a predictive marketing technology for online retailers, was acquired by Socialcode, a social advertising insights company , for an undisclosed sum.
  • Tyrnovo, a cancer drug development company, was acquired Kitov, a publicly traded biopharmaceutical company for $3.8m.
  • Abbi, an in-app marketing solution for mobile publishers, was acquired by Israeli start-up WalkMe, an enterprise user experience solution, for $2m.
  • SimpliVity, a virtualization solution for IT departments, was acquired by Hewlett Packard’s Enterprise division, HPE, for $650m.
  • Flok, a customer rewards platform,  a provider of data center infrastructure management tools, was acquired by Wix, a leading cloud-based web development platform, for an undisclosed sum.
  • Valtecha medical device company focused on cardiac complications, was acquired by Edwards Lifesciences, the world leader in artificial heart valves, for $340m. This deal was announced in November, but resurfaced in January.
  • Lithotech, a world leader in the production and development of invasive devices, was acquired by Vention Medical, a medical device manufacturing company, for $2.6m.
  • Rounds, an instant group video chat app, was acquired by Kik, a global messaging application, for $70m. Kik will open up an R&D center in Israel.

On behalf of everyone at iAngels, I’d like to thank you for tuning into our deal digest.  

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Love,
Max

Max Marine
Max Marine is an iAngels Investment Analyst. Prior to iAngels, Max was a Junior Partner at Venture1st, providing marketing and communications support to Israeli start-ups. Max passed the three CFA exams consecutively, holds an MS in Investment Management, and a B.B.A. in Finance, Real Estate, and Risk Management and Insurance from Temple University’s Fox School of Business. Contact him at [email protected]

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