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iAngels Israeli Deal Digest – December 2018

Welcome to the iAngels monthly Deal Digest, a summary of movements in the Israeli startup market. This December we tracked 25 announced deals totaling $481.75M, and 5 exits totaling in $127.8M. IT & Enterprise was the leading sector this month with Optibus, a fleet management software for public transit operators, raising $40M in a Series […]

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Welcome to the iAngels monthly Deal Digest, a summary of movements in the Israeli startup market.

This December we tracked 25 announced deals totaling $481.75M, and 5 exits totaling in $127.8M.

IT & Enterprise was the leading sector this month with Optibus, a fleet management software for public transit operators, raising $40M in a Series B round; Chorus.ai, a company that develops machine learning algorithms capable of monitoring and analyzing sales conversations, raising $33M; and Avanan, a company that offers organizations a cloud-based platform for monitoring and protecting employee usage of public applications, raising $25M. On the M&A side, we saw the outstanding acquisition of Frontline PCB for $85M by Orbotech and the acquisition of CodeMonkey by Tal Education Group, for $20M.

Read on for the full scoop!

December 2018 Investment Highlights

Seed Rounds  

  • Ottopia, a platform that enables remote humans to guide vehicles with reliability and cyber-security, has raised $3 million in a seed round led by MizMaa Ventures.
  • HighLander, a startup that developed optimized Autonomous Airports for Commercial Drones as an end-to-end drone flight plan solution, has raised $1.5 million in a seed round funded by AGV.
  • KonnecTo, a platform that enables brands to analyze customers’ past and present personal interactions, has raised $1.5 million, in seed from investors, including Israel based consumer research company, StoreNext Ltd.

A Rounds  

  • Ayala Pharmaceuticals, a clinical stage pharmaceutical company that develops targeted cancer therapies, has raised $10 million in a Series A round through Novartis.
  • AeroCRS, a high tech company that provides cloud reservation systems for airlines, hotels, and travel operators, has raised $3 million in a Series A funding round from Cockpit Innovation.
  • Valerann, a startup developing an autonomous traffic control and management system, has raised $5 million Series A funding led by Rio Ventures Holdings and 2B Angels, with participation from Spanish telecommunications company, Telefonica SA.
  • AccessFintech, a startup that offers businesses an operation center, has closed $17.5 million in a Series A round raised from Citigroup, Credit Suisse, Goldman Sachs, and J.P. Morgan.
  • Orbs, a startup providing Blockchain Infrastructure as a service for established consumer brands, has raised an additional $15.4 million in a round led by Kakao.
  • Wisdo, a startup aiming to help users build online support systems based on shared experiences, has announced its launch with over $11 million in funding from a handful of angel investors.
  • Alpha Omega, medical equipment company, raised $7 million Series A funding led by GIBF, a life sciences firm back by the Guangzhou municipal government.
  • Voca AI, an artificial intelligence startup that develops chatbots capable of nearly human like conversation, has completed a $2.6 million Series A funding round led by Lool Ventures and participated by Flint Capital and other investors.
  • HomeHero, a startup that develops an online real estate bulletin board that matches assets for sale with potentially compatible buyers, has raised $4 million in Series A led by Altar Capital and Mizrahi Tefahot Bank.

B Rounds 

  • WhiteSwell, a Medical device company, has raised $30 million in a Series B funding round, led by Boston based RA Capital Management and Incube Ventures syndicate, with participation from other investors.
  • CropX, a smart farming startup that uses soil sensors to optimize crop yields, received $0.5 million in a Series B round from the ISIF to launch a yield optimization pilot in Ireland.
  • Temi, a personal assistant robot developer, has raised $21 million in a Series B round led by existing investor John Wu, former Alibaba CTO.
  • K Health, a startup offering digital health assistance through crowdsourced data, has raised $25 million Series B funding from Mangrove Capital Partners, Bessemer Venture Partners, and other investors.
  • Avanan, a startup that offers organizations a cloud-based platform for monitoring and protecting employee usage of public applications, has raised $25 million in a Series B round from existing investors, including StageOne Ventures, Magma Venture Partners, and TPG’s Israeli arm Greenfield Partners.
  • Optibus, an Israeli startup that develops a fleet management software for public transit operators, has announced a $40 million Series B funding round led by Insight Venture Partners with participation from Alibaba as a strategic investor.
  • Songo Media, a group of companies that develops an advanced digital media and e-commerce technology, has raised $3 million Series B funding led by IBI High Tech Mutual Fund.
  • Twine Solutions, a textile technology startup offering a digital on-demand thread dyeing system, has completed a $22 million Series B investment round led by New Era Capital Partners and Maverick Ventures Israel.
  • InnovoPro, an alternative protein startup that develops technology for extracting concentrated proteins from chickpeas using sustainable energy, has raised $4.25 million Series B funding from investors including Migros, Erel Margalit, and others.
  • Chorus.ai, a conversation analysis startup that develops machine learning algorithms capable of monitoring and analyzing sales conversations, has raised $33 million in a Series B funding round led by Toronto based equity firm Georgian Partners.

Growth/Miscellaneous Rounds 

  • Sight Diagnostics, a blood testing startup that develops vision-based technology for blood test analysis and infectious disease diagnosis, has raised $28 million Series C funding by issuing private preferred stock.
  • Vroom, an online used car retailer, has raised $146 million in a Series G funding round led by automotive retailer AutoNation.
  • Quali, a cloud-based platform offering software testing automation, has raised $22.5 million in a Series C funding round led by Jerusalem Venture Partners.

M&A and IPOs 

  • Frontline PCB, a company primarily developing computer-aided manufacturing and archiving processes, has been acquired by Orbotech for $85 million for the remainder 50% stake in Frontline.
  • PML, a company that developed electro-optical systems for monitoring and measuring fluid particle sizes and concentration, has been liquefied and sold to Particular Measuring Systems Inc. for $3.3 million for PML’s patents and technologies.
  • HeraMED, a company developing connected pregnancy monitors for home and professional use, has raised $6 million (Australian dollars) in its initial public offering on the Australian Securities Exchange.
  • CodeMonkey, a company that develops game like computer programming tutorials for kids, has been acquired by Nasdaq-listed educational service company, TAL Education Group, for $20 million.
  • AMS Technologies, a water purification company, has been acquired by Nasdaq-listed Newater Technology Inc. for $13.5 million.

On behalf of everyone at iAngels, I’d like to thank you for tuning in to our Israel Deal Digest. If you’d like to receive a version direct to your inbox, please subscribe below.

Best,
Rona

Rona Galezer 
Rona is a Principal in the iAngels investment team and brings more than 10 years experience in investments and financial consulting from both the private and public sectors. Rona is passionate about technology and innovation, meeting with the greatest minds and ideas of talented entrepreneurs looking to make an impact. At iAngels, Rona focuses on seed and series A investments and has built special expertise around Frontier Technologies, Automotive and UAVs, Agro and FoodTech and is a big follower of trends in AI and computer vision. 

Source: https://www.iangels.com/2019/01/iangels-israeli-deal-digest-december-2018/

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