iAngels 2017 February Deal Digest

Welcome back to the iAngels monthly deal digest! This February we tracked 24 announced deals totaling $237m, alongside 11 acquisitions for a disclosed $321m.

Read on for the full scoop!

Seed Rounds

  • Testcraft, a continous test automation software, raised $1m from serial software entrepreneurs.
  • BFrow, a tool for fashion and lifestyle blogging,raised $3.2m from private investors.
  • Kado, a company developing ultra-light chargers for phones and laptops, raised a $1.2m round led by AltaIR Capital.
  • Exceed.ai, a chatbot platform for sales and marketing, raised $1.5m from Glilot Capital Partners.
  • Shopiz, a social shopping eCommerce platform, raised $2m led by Ron Zuckerman and other private investors.
  • CodeMonkey, a gaming platform helping people learn how to code, raised $1.5m led by J21 Corporation with participation from Japan’s EduLab, and Singapore’s Invictus Capital.
  • Cannabi-Tech, a provider of lab-grade medical cannabis quality control testing systems , raised $1m from the Agrinnovation fund and Arba Finance.

Series A Rounds

  • Intuition Robotics, the maker of an autonomous active aging companion, raised $6m from Bloomberg Beta, iRobot Ventures, and Terra Ventures.
  • Empow Networks, a cybersecurity start-up helping organizations investigate and mitigate advanced attacks in real-time, raised $9m from private investors.
  • Javelin Networks, an AI platform protecting active directories and preventing breaches, raised a $5m round led by RSL Venture Partners with participation from Hillsven, Upwest Labs, and Tomer Weingarten, the CEO of SentinelOne.
  • Intensix, a platform pioneering analytical tools for ICU management, raised $8.3m led by Pitango, with participation from Rhon-Klinikum.
  • Zeitgold, an end-to-end financial solution for cafes, restaurants, and small retailers, raised $4.5m from Battery Ventures and Holtzbrinck Ventures.
  • Spotad, an adtech start-up using AI to deliver mobile ads, raised $3.5m from Hong Kong-based VLTCM.
  • SecuredTouch, a mobile security start-up developing behavior-based identification solutions, raised $3.5m in a round led by RDSeed with participation from Eshbol, Wellborn Ventures, and Swarth Group.

Series B Rounds

  • Fortscale, a behavioral analytics platform for cyberintelligence, raised $7m from Evolution Equity Partners, Valor Capital, and existing investors.
  • Credifi, a cloud-based analytics solution for the commercial real estate market, raised $13m from Battery Ventures, Carmel, and Liberty.
  • Intsights, a cybersecurity company defending against cyber threats emanating from the dark web, raised $15m from Clearsky Ventures, Glilot Capital Partners, Blumberg Capital, Wipro, and Vintage Investment Partners.
  • Chorus.ai, a system that extracts insights from recorded sales calls to help increase conversions, raised $16m, led by Tom Tunguz at Redpoint.

Growth/Miscellaneous Rounds

  • Pharma Two B, a drug development company targeting Parkinson’s disease and cancer, raised $30m led by Israel Biotech Fund, Crossroad, aMoon Partners, and JK&B.
  • VATBox, a software solution for automatic VAT reclaim, raised $20m from Target Global and Viola Growth.
  • SAManage, a cloud-based customer service software company, raised $20m from Salesforce1, Marker, Vintage, Gemini, and Carmel.
  • MinuteMedia, a platform that allows fans to create their own sports media, raised $15m led by Qumra Capital, with participation from existing investors.
  • Exabeam, a cybersecurity start-up that detects and responds to cyberattacks, raised $30m in a round co-led by Lightspeed and Cisco, with participation from NVP, Icon Ventures, Aspect Ventures, and Shlomo Kramer.
  • Trax, the world leader in image recognition for retail, raised $19.5m led by Investec and Broad Peak Master Fund.

M&A

  • Wise Data Media, an ad monetization platform, was acquired by Whitesmoke, a digital marketing and ad services company, for $5.3m
  • Nurego, a business operations solution for industrial and technology companies, was acquired by GE for an undisclosed amount. 
  • ClicksMob, a mobile performance advertising network, was acquired by Webpals for $5.5m.
  • Skyfence, an intrusion detection software for enterprises, was acquired by Forcepoint for an undisclosed amount.
  • Servotronix Motion Control, a manufacturer of motion control automation solutions, was acquired by Midea for $170m.
  • Realface, a facial recognition solution, was acquired by Apple, in what appeared to be an acqui-hire.
  • Talent Biotechs, a developer of proprietary cannabidiol therapeutics, was acquired by Kalytera for $10m.
  • Landa Nanometallics, a novel metal printing technology, was acquired by Altana for an undisclosed amount. 
  • Finupp, an online tool that allows taxpayers to check their eligibility for tax refunds, was acquired by iGroup for an undisclosed amount.
  • Aditor, an ROI optimization solution for advertisers, was acquired by Playtika for an undisclosed amount.
  • LightCyber, a leading provider of behavioral attack detection solutions was acquired by Palo Alto Networks for $130m.

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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