iAngels 2017 June Deal Digest

Welcome to the iAngels monthly deal digest!

With companies such as Houzz (raised $400M) and Cybereason (raised $100M), this was a great month for Israeli startups with 29 announced deals raising $910M in venture capital, alongside 4 acquisitions for a disclosed $80M.

This month we are also closing the first half of 2017, with $2.6B invested in Israeli startups.

Read on for the full scoop!

 

H1 2017 investment highlights

  • Since the beginning of 2017, Israeli startups raised around $2.6B, a slightly higher run rate than the $4.8B raised In 2016.
  • A total of $950M,  37% of the total venture capital invested in the first half of 2017, was allocated to growth rounds, reflecting the maturity of the Israeli tech companies.
  • June was an exceptional month with over $900M invested, of which $595M invested in growth rounds in companies such as Houzz ($400M), Cybereason ($100M), Gamida Cell ($40M) and Trax ($32M) – all invested in June.

 

Seed Rounds

  • Upstream Security, a cloud-based cyber shield for vehicle’s network, raised $2M round led by Glilot Capital Partners with the participation from Maniv Mobility.
  • GeoQuant, a developer of a platform for political risk management, raised $4M round led by Aleph VC and XL Innovate.
  • Brodmann17, a company developing advanced artificial visual intelligence, raised $1.6M round led by Lool Ventures with participation from Samsung NEXT and Sony Innovation Fund.

 

Series A Rounds

  • Mitoconix, a developer of a treatment for neurodegenerative diseases, raised $20M round led by Remiges Ventures with participation from OrbiMed, Dementia Discovery Fund and others.
  • Inpedio, a cyber solution focused on security for mobile devices, raised $5M round led by Clear Future and ATOORO with participation from IAI.
  • DayTwo, a provider of personalized nutrition insights, raised $12M round led by Jhonson & Jhonson and Marius Nacht (checkpoint founder) with participation from Seventure Partners.
  • TechSee, a developer of visual support technologies for the Smart Home, raised $7.5M round led by Planven Investments with participation from OurCrowd, innogy, and Comdata Group.
  • Codota, a code search engine that helps developers find great code examples, raised $2M round led by Khosla Ventures.
  • Cognata, a driving validation platform for the autonomous vehicles industry raised $5M round led by Emerge, Maniv Mobility and Airbus Ventures.
  • Tisbury Pharmaceuticals, a developer of therapeutics for glaucoma, raised $32M round led byOrbiMed Israel, Clarus, and HealthCap with participation from Pontifax
  • Minerva Labs, an endpoint security solution, raised $7.5M round led by Amplify Partners with participation from StageOne Ventures and Webb Investment Network.
  • Tulip Interfaces, an app platform for shop engineers, operators, and managers, raised $13M round led by NEA, with participation from Pitango Venture and other existing investors.
  • Armis, a developer of IOT security solution, raised $17M round led by Sequoia Capital and Tenaya Capital.
  • Workey,  job platform that matches candidates with relevant technology companies raised $8M round led by PICO Partners and Magma VC.
  • AudioBurst, an AI-based audio curation platform raised $6.7 round led by Japan’s Advanced Media Inc., with participation from Flint Capital, 2B-Angels and Mobileye investors consortium.

Series B Rounds

  • LogicBio,  a developer of cures for early-onset life-threatening diseases, raised $50M round led by Arix Biosciences with participation from Edmond de Rothschild Investment Partners and other investors.
  • PayKey, a social payments platform, raised $6M led by MizMaa, a US and Chinese-backed venture capital fund.
  • Augury, developing IoT technology to help industrial companies maintain their machinery, raise $17M round led by Eclipse Ventures and Munich Re/HSB Ventures.
  • WhiteSource, a solution for securing and managing the use of open source components, raised $10M round led by 83North, with participation from Microsoft Ventures and Greylock Partners.
  • eTribez, a casting management solution for the entertainment industry, raised $3.5M round led by CE Ventures with participation from Inimiti.
  • Eloxx, a company developing drugs for genetic diseases, raised $24M round led by Catalyst CEL Fund and Pontifax.
  • Art Medical, a company developing range of products in the medical space, raised $20M round led by Advanced Medical Technologies LLC.

Growth/Miscellaneous Rounds

  • HighCon, a company disrupting the folding carton sector with a digital solution, raised $20M round led by JVP with participation from Landa Ventures, LR Group, OurCrowd and Go Capital.
  • Riskified, a company specializing in e-commerce fraud prevention, raised $25M round led by Qumra Capital with participation from The Phoenix Holdings Ltd.
  • Trax, a developer of image recognition services to in-store execution controls, raised $40M round from undisclosed investors.
  • Cybereason, a cyber company offering endpoint detection and response solution, raised $100M round led by SoftBank Group Corp.
  • Gamida Cell,  a leader in therapies for the treatment of cancer and orphan genetic diseases, raised $30M round led by Clal Biotech and Elbit Medical.
  • Houzz, a Home improvement platform, raised $400M round (at a $4B valuation) led by ICONIQ Capital with participation from GGV Capital and other investors.
  • PlaySight, a sports tech company specializing in game based learning, raised $11M round led by Verizon Ventures, golfer Greg Norman and David Chessler.

M&A

  • Veed.me, a video and animation marketplace was acquired by Fiverr, a global leading freelancer marketplace for an undisclosed sum. 
  • RelevanTech, a developer of Ads monetization platform, was acquired by Glispa, a mobile ad tech company for an undisclosed sum
  • Robomow, the makers of the robotic residential lawn mower, was acquired by A subsidiary of MTD Products, a developer of industrializes robotic lawn mowers, for a reported $45M.
  • Nextnine, a provider of industrial security management solutions, was acquired by Honeywell International, an American multinational conglomerate, for a reported $35M.

 

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

If you’d like to receive our monthly digest in your inbox, please subscribe below. 

 

Best,
Avi