iAngels December Deal Digest

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This December we tracked 21 announced deals totaling $416m, alongside seven acquisitions for a disclosed $156m. Obvious highlights were Houseparty, Lemonade, Bluevine, Lumus, and Nova Lumos announcing monster rounds, while in parallel Snapchat’s first Israeli acquisition created a new R&D center in Israel.

Read on for the full scoop!

Seed Rounds

  • Intezer Labs, a cybsercurity company providing a visual map of all software running in an organization at any given moment, raised $2m led by Samsung Next and CyberArk co-founder Alon Cohen.
  • Nurami Medical, a synthetic tissue developer , raised $650,000 from AMIT, the Technion hub for biomedical innovation.

Series A Rounds

  • Capitalise, a platform enabling traders to create and execute trades based on natural language, raised $4m in a round led by Poalim Capital Markets and StageOne Ventures.
  • Knowmailan intelligent email management solution, raised $3.5m led by CE Ventures, with participation from existing investors.
  • SecDo, a cybersecurity incident response solution, raised $6m in a round led by RDC, subsidiary of Elron, with participation from Rafael and Checkpoint co-founder and chairman Marius Nacht.
  • Gordian Surgical, a laparoscopic surgery closure device, raised $2.25m in a round led by B.Braun with participation from VI Ventures and private investors.
  • Breezometer, a leading provider of air quality analytics, raised a $3m round led by Phi Square Ventures with participation from SeedIL, Entree Capital, and Liron Rose.
  • Hippo Insurance, an insurtech start-up focused on homeowners, raised a $14m party round led by Horizons Ventures with participation from GGV Capital and 10 other investors.
  • RoutePerfect, an online trip planning tool that helps travelers create a custom itinerary, raised $2m from Cyrus Angel Fund, Elevator Ventures, GlenRock, AltaIR Capital, and Meir Caspi.
  • xPlenty, a platform enabling SMBs to read and process data from relational databases, raised $4m in a round that included Bain Capital, Rembrandt Ventures, True Ventures, and existing investors. This round enabled xPlenty to acquire Driven, a big data application infrastructure.
  • DIR Technologies, a developer of thermography based inspection for pharmaceutial quality assurance, raised $10m from Pfizer Venture Capital.

Series B Rounds

  • After extending its seed round by $14m in August, Lemonadethe on-demand home and renter insurance platform turned on the juice in December, announcing a $33m round led by General Catalyst with participation from Thrive Capital, GV, and existing investors.
  • Beamr, a provider of encoding and optimization solutions for streaming video providers, extended its Series B round this December, taking another $4m from Verizon Ventures.
  • Evercompliant, a cyberintelligence solution helping acquiring bansk and payment service providers to manage merchant-based fraud, raised $9.5m led by Arbor Ventures with participation from Carmel, Nyca, and Star Farm Ventures
  • RedHill, a drug development company focused on inflammatory and gastrointestinal diseases, raised $15m in a PIPE from Emc2 Fund.

Growth/Miscellaneous Rounds

  • Lumusa developer of optical imaging technology enabling augmented and mixed reality, extended its $15m D round by $30m led by Quanta Computer with participation from HTC and existing investors.
  • Housepartya group video chat app, pulled in a $52m slug led by Sequoia, with participation from Greylock, Comcast Ventures, and Aleph.
  • Bluevine, an invoice financing company focused on SMBs, raised $49m in a round led by Lightspeed with participation from Citi, Greylock, Rakuten, Menlo, and others. This brings its 2016 total to $94m!
  • Nova Lumos, an on-demand solar energy company providing affordable energy to off-grid homes in Africa, raised $40m in equity led by Pembani Remgro with participation from Schneider Electric, and ICV, as well as $50m in venture lending from OPIC.
  • OrthoSpace, a medical device used to treat rotator cuff injuries, raised $7m in a round led by Johnson and Johnson with participation from existing investors.
  • Neovasc, a medical device company addressing cardiovascular disease and complications , raised $75m in a PIPE from Boston Scientific.

M&A

  • HearMeOut, a social audio platform, raised $5m on the ASX.
  • Hanita Coatings, a developer and manufacturer of coating materials, was acquired by Avery Dennison, a leading in global packaging for $75m.
  • Cronologics, a smartwatch OS platform started by ex-Googlers, was acquired by Google for an undisclosed amount.
  • Framez, an online platform for managing video products, was acquired by Israeli start-up LookAt, which is developing a platform to discuss videos in production, for an undisclosed amount.
  • Cimagine, a developer of a mobile AR platform for home and office goods, was acquired by Snapchat, for $35m and will now establish an R&D center in Israel.
  • Hexatier, a cloud database security and compliance solution, was acquired by Huawei for $42m.
  • RiT technologies, a provider of data center infrastructure management tools, was acquired by YOFC, the world’s largest fiber optic company, in a deal worth about $1m.

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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