iAngels 2017 May Deal Digest

Welcome to the iAngels monthly deal digest!

This May we tracked 19 announced deals totaling $206M, alongside 6 acquisitions for a disclosed $217M.

The leading sectors this month were the Medical tech with 5 startups raising $55M, and Cybersecurity with 4 startups raising $45.5M.

Read on for the full scoop!

Seed Rounds

  • PureSec, a security solution for serverless architectures, raised $3M round led by TLV Partners with participation from Entrée Capital.
  • VIZ.AI, an AI company optimizing emergency treatment raised $7.5M round led by DHVC and Innovation Endeavors with participation from AME Cloud Ventures.
  • MUGU, a company developing social music player, raised $1.125M round from privet investors.
  • Kanabo, a company developing Cannabis formulations for medical use, raised $500K round from private investors.

Series A Rounds

  • ProPrep (Easy Education) , an educational platform specializing in preparing for academic and matriculation exams, raised $1.68M round from private investors.
  • Scopio, a company developing advanced microscopes, raised $7M round led by Ourcrowd with participation from other investors.
  • BitDam, a company developing cyber protection from zero-day threats, raised $3M round led by Marius Nacht and Moshe Lichtman (IGP).
  • BiomX, a microbiome cancer treatment, raised $24M round led by OrbiMed, Johnson & Johnson Innovation, Takeda Ventures, and other investors.
  • Sweet Inn, a boutique short term accommodation, raised $22M round led by Qumra Capital with participation from BRM Group and other European investors.
  • Guesty, a management service for Airbnb property managers, raised $3M round from led by Buran VC with participation from Magma Venture Partners and AltaIR Capital.
  • Taranis, a weather intelligence system for farmers, raised $7.5M round led by Finistere Ventures and Vertex Ventures with participation from iAngels, and other investors.
  • Loom Systems, a provider of AI-powered log analysis software platform, raised $6M round led by JVP with participation from Meron Capital and 31Ventures.

Series B Rounds

  • Karamba, a cyber protection solution for the automotive industry, raised $12M round led by YL Ventures and Fontinalis Partners with participation from GlenRock Israel.
  • Twiggle, a company developing search and data driven technologies, raised $15M round led by MizMaa Ventures and Korea Investment Partners.
  • SoftWheel, a company developing In-Wheel Suspension System, raised $10M round from existing investors.
  • Next Insurance, a provider of digital insurance for small to medium businesses, raised $29M round led by Munich Re/HSB Ventures with participation from Markel and Nationwide.

Growth/Miscellaneous Rounds

  • Wandera, a company developing mobile data gateway, raised $27.5M round led by Sapphire Ventures with participation from  Bessemer Venture Partners and 83North.
  • Mintigo, a developer of a predictive platform for marketing & sales, raised $10M round led by Glilot Capital partners, with participation from Sequoia IL and other investors.
  • CartiHeal, a company developing new treatment for cartilage erosion, raised $18.3M led by aMoon, with participation from Elron Electronic , JJDC, and Peregrine Ventures.

M&A

  • Dimon, a tool for Bot monitoring, was acquired by JFrog, a developer of binary repository management system for an undisclosed sum
  • Hexadite, a developer of automated incident response Solution for cyber threats, was acquired by Microsoft for a reported $100M.
  • Plexistor, a data management company, was acquired by NetApp, a leading data service company for a reported $20M.
  • GeneSort, molecular diagnostics company, was acquired by AID Partners , an Hong Kong based investment fund for $23M.
  • Yokee, a developer of music apps, was acquired by Stingray, a Canadian B2B music provider for a reported $35M.
  • Medical Compression Systems (MSC), a developer of medical equipment for vascular and wound care, sold its assets for $4M, to an undisclosed acquirer.

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

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Best,
Avi