iAngels 2017 July Deal Digest

Welcome to the iAngels monthly deal digest!

This July we tracked 31 announced deals totaling $515M, alongside 10 acquisitions for a disclosed $801M, including 2 major acquisitions in the cyber space –  Skycure that was acquired for $275M, and FireGlass that was acquired for $250M.

4 iAngels investments were also announced including; Applitools, DBmaestro, Way2Vat and Inception VR, together with the exciting acquisition of portfolio company, Nanorep for $45M.

Read on for the full scoop!

 

July investment highlights

 

Seed Rounds

  • Cool Cousin, a decentralized travel agency to connect travelers and like-minded locals for personalized on-demand guidance, raised $2M round led by led by Elevator Fund.
  • BrandTotal, a marketing intelligence platform, raised $2M round led by KDC Media Fund and other investors.
  • Way2Vat, a company offering automated foreign VAT reclaims raised $3M round from iAngels, Moneta seed, Bank Hapoalim and additional investors.
  • AppsVillage, an Apps creation platform, raised $1M round from private investors.
  • Hargol Foodtech, a grasshopper farming firm, raised $0.6M round led by Sirius Venture Capital in Singapore and SLJ Investment Partners in The Netherlands.
  • Eventer, a platform for live events, raised $1M round led by CoShare Ventures. 

 

Series A Round

  • Inception VR,  a leading 360 & VR content creator raised $15M round led by RTL Group with participation from iAngels and other investors.
  •  Somatixa, a company that offers a wearable data analytics software platform for digital health, raised $6M round led by Digitalis.
  • Syte, a visual search platform only for fashion, raised $8M round led by NHN Ventures, with participation from Naver Corp, Magma VC, and other investors.
  • Gong.io, a conversation intelligence software for sales teams raised $20M led by Norwest Venture Partners and Shlomo Kramer with the participation from Wing Venture Capital and NextWorld Capital.
  • Intuition Robotics, a company develops social companion technology to impact the lives of older adults, raised $14M round led by Toyota Research Institute (TRI).
  • Theranica, a biomedical technology company focused on developing electronic and wireless communication technology, raised $6M led by Lightspeed Venture Partners.
  • Spotinst, a SaaS optimization platform delivers significant cost reduction for AWS and GCE, raised $15M round led by Intel Capital, with participation from Vertex Ventures and Springtime Ventures.

Series B Rounds

  • Applitools, a company offering automated visual software testing tools, raised $8M round led by Sierra Ventures, with participation from Bessemer Venture Partners, iAngels, Magma, and La Maison.
  • PerimeterX, a company that provides a behavior-based threat protection technology, raised $23M round led by Canaan Partners, with participation from Vertex Ventures and Data Collective (DCVC).
  • Imagry, an artificial intelligence research company that has developed visual recognition engine, raised $7M round led by Samsung.
  • DataRails, a company that transforms Excel into a smart organizational tool, raised $6M round led by Vertex Ventures, with participation from existing investors Cyrus Angel Fund, Oryzn Capital and Joey Low.

  • Rapid Medical, acmopany that have developed neurovascular medical devices, raised $9M round led by BRM group and Shanghai-Israel Investment Fund, with participation from Winnovation and Gefen Capital.
  • iguazio, an “edge data” analytics platform targeting IoT, finance and other services that require real-time processing, raised $33M round led by led by Pitango Venture Capital.
  • OwnBackup, a leading cloud-to-cloud backup and restore vendor, raised $7.5M round led by Insight Venture Partners.
  • Deep Instinct, a developer of therapeutics for glaucoma, raised $32M round led by CNTP, with participation from NVIDIA, Coatue Management, and other investors.
  • Venus Concept, a non-invasive medical aesthetics company, raised $37.5M round led by unnamed investors.
  • Prospera, an agriculture technology data company that develops intelligent solutions, raise $15M round led by Qualcomm Ventures, with participation from Cisco Investments, and Bessemer Venture Partners.
  • DBmaestro, a provider of DevSecOps solutions for database technology, has raised $4.5M round led by Vertex Ventures l with participation from Lool Ventures and iAngels.
  • MobileODT, a developer of a portable and light colposcopy device gas raised a $6.85M financing round led by the OrbiMed Advisors LLC venture capital fund, with participation from Tristel

Growth/Miscellaneous Rounds

  • SimilarWeb, a company that offers research tools that help users understand insights about any websites or mobile app, raised $47M round led by Viola Growth, with participation from Saban Ventures, CE Ventures, and other investors.
  • Nyotron, a cyber defense solution for endpoints, raised $21M round led by DGB Investments with participation from Mivtach Shamir, Gil Agmon and Shmuel Harlap.
  • WalkMe, an interactive online guidance and engagement platform, raised $75M round led by Insight Venture Partners, with participation from other investors.
  • Vroom, an online direct car retailer, raised $76M round led by PICO Venture Partners and with participation from General Catalyst Partners, L. Catterton and other investors.
  • Dynamic Yield,  a company provides personalization, recommendations, 1:1 messaging, and yield optimization across web, mobile, and email, raised $9M round led by DTCP (Deutsche Telekom Capital Partners) and La Maison.
  • Qmarkets, a collective intelligence solutions company, raised $5.2M round led by LETA Capital, Club 100 Plus, and the State of Connecticut’s Department of Economic and Community Development.

M&A

  • NanoRep, a developer of AI-based tools to help people navigate self-service apps, and an iAngels portfolio company, was acquired by LogMeIn, a provider of  connectivity solutions for those who connect remotely to networks and services, for up to $50M
  • Skycure, a provider of mobile security solutions, was acquired by Symantec for a reported $275M.
  • FireGlass, a developer of threat isolation platform that eliminates malware and phishing from web and email, was acquired by Symantec for a reported $250M.
  • IQP, a platform that enables customers to create their own Industrial IoT applications, was acquired by GE for a reported $40M.
  • Cloudyn, a  business management solution, was acquired by Microsoft for an $50M
  • Linkury, a company that offers a complete framework of app monetization solutions was acquired by Algomizer, a public company traded on the Tel Aviv Stock Exchange (TASE: ALMO) and specializing in the online marketing field,  for a reported $11M.
  • Emefcy, a developer of energy-efficient wastewater treatment, was merged with RWL Water, for a reported $3M.
  • MRV Communications, a leading worldwide supplier of communications equipment and services, was acquired by ADVA Optical Networking (FSE: ADV) for a reported $69M.

 

IPO

 

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

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Best,
Avi

Avi Arnon
Avi Arnon is an analyst in the iAngels Investment Team. Prior to iAngels, Avi was a Privatization Director at the Israeli Ministry of Finance (MOF). Prior to the MOF, Avi was Assistant Controller at SundaySky and an Excel Consultant working with a range of companies, from early stage startups to publicly traded corporations, implementing financial Excel infrastructure