Welcome to the iAngels Monthly Deal Digest, a summary of movements in the Israeli startup market.
This March we tracked 26 announced deals totaling $593M, and three exits totaling $145M.
Blockchain was one of the leading sectors this month raising a total of $251M, with Orbs offering Blockchain as a service raising $106M, Saga, a developer of a new cryptocurrency raising $30M and 3 iCO’s raising $115M (Leadcoin, Endor, and BuzzShow).
This month we’ve also seen several impressive rounds including eToro raising $100M at an $800M valuation, TripActions raising $51M and Biocatch raising $30M.
Read on for the full scoop!
March 2018 Investment Highlights
- Nucleai, an AI-powered cancer diagnostic solution has raised a $5M financing round led by Vertex Ventures and Grove Ventures.
- Epsagon, which makes solutions for monitoring serverless architecture systems, has raised $4.1M in seed funding led by Lightspeed Venture Partners, StageOne Ventures, and Stratoscale founder, Ariel Maislos.
- CaliberMind, artificial intelligence and machine learning-based customer data software to clients engaged in B2B marketing, has raised a $3.2M seed round led by Newark Venture Partners and Moscow-based Buran Venture Capital.
- Mixed.Place, a developer of a “mixed reality” platform that provides a three-dimensional mapping of the world that allows digital content to be overlaid on the real environment, has raised a $750K financing round from PPI Worldwide.
Series A Rounds
- Orbs, a Startup Offering Blockchain as a Service, Has Raised a $106M A round (Out of $133M planned) from unnamed customers and strategic partners.
- Saga, a developer of a cryptocurrency that aims to address many of the criticisms frequently thrown at bitcoin, and is positioning itself as ‘an alternative digital currency that is more acceptable to the financial and political establishment’, has raised a $30M financing round from Initial Capital, Singulariteam, Lightspeed, Mangrove and Lool.
- Medial EarlySign, a company creating AI-powered software tools that provide health professionals with risk predictors that enhance care management opportunities, has raised a $30M financing round led by Marius Nacht’s Moon Fund, with the participation of Hong Kong-based Horizons Ventures and co-founder Nir Kalkstein.
- Capitolis, a ‘next generation’ provider of capital markets technology, has raised a $20M financing round from Index Ventures and Sequoia Capital.
- Solebit, a provider of a solution for identification and prevention of zero-day malware and unknown threats, has raised an $11M financing round led by ClearSky Security with participation from MassMutual Ventures, and Glilot Capital Partners.
- Luminate Security, a provider of a universal platform for access to corporate applications in hybrid clouds, has emerged from stealth and announced a $14M combined A and seed funding round from US Venture Partners (USVP), Aleph Venture Capital and the Microsoft Accelerator.
- VerbIT, which provides transcription services that combine automated transcription algorithms with human transcription, has raised $11M in a seed round led by Oryzn Capital, Vertex Ventures, and HV Ventures.
- RapidAPI, an online marketplace where developers can discover application programming interfaces (APIs), has raised $9M in a series A round of funding led by Andreessen Horowitz, with participation from SV Angel, Green Bay Capital, and Nexmo CEO Tony Jamous.
- Snyk, a developer of a solution for addressing vulnerabilities in open source libraries, has closed a $7M Series A financing round led by Boldstart Ventures and Canaan Partners and with the participation of Heavybit, FundFire, and Peter McKay, among others.
- ActiView, has developed virtual reality (VR) technology for assessing job applicants, has raised $6.5M in a Series A financing round from Teddy Sagi Group.
- AudioBurst, a company that changes the way people discover and experiences audio content, has raised a $4.6M from Samsung Ventures and will now be incorporated into millions of Samsung products around the world.
- Candex, a solution for businesses to engage, track and pay for high volume services, has raised $3.5M in funding from Edenred Capital Partners, Partech Ventures, Advisors.Fund, Camp One Ventures, and others.
- Copyleaks, a plagiarism detection startup, closed a seed financing round estimated at $1.1M from investors in China, Israel, Italy and the US.
Series B Rounds
- TripActions, a corporate travel management solution that helps reward employees who spend less on travel, has raised a $51M financing round led by Lightspeed Venture Partners and Zeev Ventures.
- ContinUse Biometrics, which is using groundbreaking research to revolutionize sensing solutions, has closed a $20M Series B financing round led by the Chartered Group.
- Vectorious Medical Technologies, a developer of an implant for left-atrial monitoring has raised $9.5M in a Series B financing round led by Boston-based Broadview Ventures and China’s GEOC, with the participation of Zohar Gillon, Yehuda Zisafel and others.
- NSLComm, a developer of a nanosatellite capable of transmitting data at 1 gigabyte per second, over 100 times faster than the current technology available, has closed a Series B financing round of $6.25M led by Jerusalem Venture Partners (JVP), Liberty, GF Hawk, OurCrowd and El Al’s Cockpit.
- eToro, a social trading and multi-asset brokerage company has raised $100M in its eighth financing round led by China Minsheng Financial and with the participation of Korea Investment Partners, SBI Group and World Wide Invest.
- BioCatch, a cybersecurity company that delivers behavioral biometrics analyzing human-device interactions to protect users and data, has closed a $30M financing round led by Maverick Ventures, and with the participation of American Express Ventures, NexStar Partners, Kreos Capital, CreditEase, iAngels and other existing investors.
M&A and IPOs
- Mobilogy, a division of Cellebrite, a provider of mobile device lifecycle solutions was acquired by ESW Capital for an estimated $15M.
- Vaultive Inc, a cloud security was acquired by CyberArk Software Inc. for an estimated $20M.
- Private equity firm K1 Investment Management has acquired Clarizen in Management Buy estimated at around $110M, in addition to a commitment to inject Clarizen with an additional $10M in the near future to support growth and expansion.
On behalf of everyone at iAngels, I’d like to thank you for tuning in to the Deal Digest. If you’d like to receive a version direct to your inbox, please subscribe below.