Connect with us

Private Equity

iAngels Israeli Deal Digest – June 2019

Welcome to the iAngels Monthly Deal Digest, a summary of movements in the Israeli startup market. This June we tracked 31 announced deals totaling $981M, and 5 exits totaling $207M. IT & Enterprise Software was the leading sector this month. TripActions, a technology-enabled corporate travel management platform, raised $250 million in a Series D financing […]

The post iAngels Israeli Deal Digest – June 2019 appeared first on iAngels.

Avatar

Published

on

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

This June we tracked 31 announced deals totaling $981M, and 5 exits totaling $207M.

IT & Enterprise Software was the leading sector this month. TripActions, a technology-enabled corporate travel management platform, raised $250 million in a Series D financing round led by Andreessen Horowitz with the participation of Group 11, Lightspeed, and Zeev Ventures. SentinelOne, a company that delivers autonomous endpoint protection through a single agent that prevents, detects, responds and hunts attacks on-premise and cloud environments, raised $120 million in a Series D financing round led by Insight with participation of NextEquity, Redpoint Ventures, Samsung Ventures, SineWave Ventures, Sound Ventures, Third Point Ventures, Tiger Global, UpWest, Westly Group, Granite Hill, Data Collective, Accel and a private investor.

On the M&A and IPO side, we saw one large acquisition, Creso Pharma, and one large IPO, Fiverr. Creso Pharma, a public company that provides cannabis-derived therapeutic grade nutraceutical products, developing, registering, and commercializing pharmaceutical-grade cannabis and hemp-based products and treatments, was acquired by PharmaCielo for $85 million. Fiverr, a marketplace for creative and digital services, such as graphic design, copywriting, voiceovers, and music and film editing, raised $110 million in its initial public offering on the New York Stock Exchange.

June 2019 Investment Highlights

Seed Rounds

  • Orca Security, a start-up developing a technology which provides full-stack visibility into all organizational assets, including the cloud infrastructure level, operating systems, applications and data, and vulnerabilities, malware and compromised assets detection, received $6.5 million in seed funding led by YL Ventures GP with the participation of two private investors.
  • Simpo, a SaaS engagement platform, which provides companies with embeddable apps with built-in insights engine that let PMs track, adjust, and optimize their user’s experience, received $4.5 million in seed funding led by Redpoint Ventures with the participation of Janvest Capital Partners,  Seedcamp, UpWest Labs Fund, and two private investors.
  • Hoopo, a start-up developing a GPS-independent geological solution for IoT networks & sensors, received $3.5 million in seed funding from TAU Ventures Fund, Japan Israel High Tech Ventures and Global IoT Technology Ventures (GiTV).

A Rounds

  • Cellebrite, a digital intelligence solutions company, has raised $110 million in a Series A financing round with IGP, a private equity fund.
  • AnyVision, a company that develops software capable of real-time face and object recognition within large crowds, has closed a $31 million extended Series A round. DFJ Growth, Eldridge Industries, Lightspeed, M12, OG Tech, Qualcomm Ventures, and Robert Bosch Ventures all participated in the most recent Series A round.
  • Neuroblade, a company that develops processors for artificial intelligence applications, has raised $23 million in a Series A financing round led by Marius Nacht, with the participation of Grove Ventures Fund, Intel Capital, Rami Lipman, Stage One, and private investors.
  • GuardKnox, an automotive cyber-solutions company providing comprehensive cyber defense for connected and autonomous vehicles, has completed a $21 million Series A funding round led by FMC capital, with the participation of Allied Holdings, CyberTech International, Faurecia, Glory Ventures, Kardan N.V., NextLeap Ventures, Plug & Play, SAIC Venture Capital, Shay Livnat, VectoIQ, and private investors.
  • Fireblocks, a startup that finds a way to securely transfer digital assets, has completed a $12 million Series A funding round co-led by Eight Roads and Tenaya, with the participation of Amichai Shulman, CyberStarts Fund, Gil Mandelzis, Marius Nacht, MState, Nir Zuk, Shlomo Kramer, Swisscom Ventures, and private investors.
  • Vulcan Cyber, a startup that provides a continuous vulnerability remediation solution, has completed a $10 million Series A funding round led by TenEleven Ventures with participation from Giora Yaron, Glenn Chisholm, Idan Plotnik, Michael Boodaei, YL Ventures, and private investors.
  • Quik, a food delivery company that allows customers to order groceries to their house, received $10 million in Series A funding from Central Bottling Company (Coca Cola), Super Pharm, and Union Tech Venture.
  • Variantyx, providing genome testing services to clinicians for collaborative diagnosis of rare inherited disorders, received $7 million in a Series A funding round from Pitango.
  • CybeReady, a startup with a platform that provides customers training on phishing and cybersecurity, received $5 million in a Series A funding round funded by Baseline Ventures.
  • Indorz, a company with a CEA (Controlled Environment Agriculture) farming solution, has raised $1.4 million in a Series A financing round with participation from Fundit and private investors.
  • Cannova, a startup that develops a strip for oral administration of active cannabis substances to allow producers to more effectively control dosage quantities and safety in the delivery of cannabinoid products, has raised $1 million in a Series A financing round from Nabis Holdings.

 B Rounds 

  • InFarm, an indoor urban farmingcompany dedicated to provide urban communities with fresh, nutritious produce, by distributing smart vertical farms throughout the city, directly where people live and eat, has raised $100 million in a Series B financing round led by Atomico with participation of Archimedes Labs, Astanor Ventures, Atlantic Food Labs, Balderton Capital, Cherry Ventures, IDEO, LocalGlobe, Mons Investments, Quadia, and TriplePoint.
  • DayTwo, a Microbiome-Base Precision Medicine company, developing personalized nutrition, diagnostic, and therapeutic solutions using artificial intelligence and machine learning, has raised $31 million in a Series B financing round led by aMoon partners fund with participation of Johnson & Johnson Innovation, Seventure Partners, Mayo Clinic Initiative, Ofek Ventures Fund, and three private investors.
  • Sunbit Payment Software, a company that has developed a payment solution for retailers to split a purchase into multiple payments, enabling its customers to pay over time using a personalized payment plan, has raised $26 million in a Series B financing round led by Zeev Ventures with participation of Chicago Ventures, G-Bar Ventures, Group 11, Heroic Ventures, Levy Family Partners, Skydeck and three private investors.
  • BrightWay Vision (BWV), a company that is developing a night-vision technology that monitors a car’s forward facing vehicle’s environment, aiding the driver, with assistance from the active safety systems to make driving at night safer, has raised $25 million in a Series B financing round co-led by Koito and Magenta Venture Partners Fund with participation of Manor Family, Lubinski Group, and Elbit Systems.
  • DouxMatok, a food-tech company that offers sugar and salt reduction solutions to the Food and Beverages industry, reducing sugars and salt by 40% in multiple applications while retaining identical taste and sensory profiles, has raised $22 million in a Series B financing round led by BlueRed Partners with the participation of Btov Partners, DSM Venturing, Foodlab Capital, Gefen Capital Fund, Gil Horsky, Jesselson, JLL Partners, JVP Venture Partners, La Maison, OurCrowd, Pitango Ventures, Singha Ventures, Sudzucker, and two private investors.
  • Iron Scales, a company that has created an anti-phishing threat protection platform combining human and machine intelligence to automatically analyze, detect and remove malicious emails before and after landing in an inbox, has raised $15 million in a Series B financing round led by K1 Investment Management.
  • Cylus, a company that has developed a cybersecurity software to detect and control rail incidents and service disruptions caused by cyber-attacks, has raised $12 million in a Series B financing round led by Magma Venture Partners and Vertex Israel Fund, with the participation of The Blue Minds Company, SBI Japan-Israel Innovation Fund, Follow the See, Cyient, Cerca Fund and two private investors.
  • Testim, a company that uses AI for the authoring, execution and maintenance of automated tests, has raised $10 million in a Series B financing round led by SignalFire with the participation of Spider Capital, Lightspeed, Meron  Capital Fund, NHN, Spider Capital and TEEC Angel Fund.

Growth/Miscellaneous Rounds

  • TripActions, a technology-enabled corporate travel management platform, has raised $250 million in a Series D financing round led by Andreessen Horowitz with the participation of Group 11, Lightspeed, and Zeev Ventures.
  • SentinelOne, a company that delivers autonomous endpoint protection through a single agent that prevents, detects, responds and hunts attacks on-premise and cloud environments, has raised $120 million in a Series D financing round led by Insight with participation of NextEquity, Redpoint Ventures, Samsung Ventures, SineWave Ventures, Sound Ventures, Third Point Ventures, Tiger GLobal, UpWest, Westly Group, Granite Hill, Data Collective, Accel and Ashton Kutcher.
  • MinuteMedia, a company that is developing products that enable fans to create, publish, share and distribute sports content around the world, received $40 million in a Series F financing round with participation from Battery Ventures, Dawn Capital, Gemini Israel, Goldman Sachs, Hamilton Lane, Kreos Capital, La Miason, Maor, North Base Media, Qumra Capital, Remaigne Ventures Fund, Seven Ventures, and Vintage Investment Partners.
  • Innoviz, a company that manufactures high-performance, solid state LiDAR sensors and perception software that enables the mass production of autonomous vehicles, has raised $38 million in a Series C financing round led by undisclosed investors.
  • Camtek, a manufacturer of metrology and inspection equipment and a provider of software solutions serving the Advanced Packaging, Memory, CMOS Image Sensors, MEMS, RF and other segments in the Semiconductors industry, completed a $16.2 million PIPE from Chroma.
  • ReWalk Robotics, a company that develops, manufactures and markets wearable robotic exoskeletons for individuals with lower limb disabilities as a result of spinal cord injury or stroke, has completed two PIPEs, the first in the size of $10.8 million and the other in the size of $5 million by undisclosed investors. 
  • Cyber Observer, a company that delivers a cybersecurity management and awareness solution that provides CISOs and executives with a view of their current cybersecurity posture, revealing the security gaps that exists and delivering continuous proactive recommendations, received $8 million in a Series C financing round led by Merlin International with the participation of Moonbow, Swarth Group, Tails Capital and Private Investors.
  • Else Nutrition, a food and nutrition company, focused on research, development, manufacturing, marketing sal and license of plant-based food and nutrition products to the infant, toddler, children and adult market, closed a $5.7 million PIPE with undisclosed investors on the Toronto Stock Exchange Ventures.

M&A and IPOs

  • Fiverr, a marketplace for creative and digital services, such as graphic design, copywriting, voiceovers, as well as music and film editing, raised $110 million in its initial public offering on the New York Stock Exchange.
  • Creso Pharma, a public company that provides cannabis-derived therapeutic grade nutraceutical products, developing, registering and commercializing pharmaceutical-grade cannabis and hemp-based products and treatments, was acquired by PharmaCielo, a Canadian supplier of grown and processed medicinal-grade cannabis oil extracts, for $85 million.
  • CoolaData, a behavioral data analytics platform to help businesses optimize customer management and lead to actionable insights, was acquired by Medallia, an enterprise customer feedback management software platform, for $7.6 million.
  • Cannabliss, an Israeli manufacturer of consistent and smoke-free medical cannabis products, was acquired by Together Pharma, a company focused on growing, exporting, and distributing medical cannabis, for $3.9 million.
  • QM7, a private company that has developed a management tool for companies to keep track of all the most frequent activities and tasks delivered to members across the organization, was acquired by Top Group, an advanced software solutions and computer services company, for $0.67 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,
Massimo

Massimo is an investment associate in the iAngels investment team. He is passionate about technology & innovation and enjoys working alongside entrepreneurs with disruptive business ideas looking to make an impact. At iAngels, Massimo focuses on seed as well as series A, B & C investments and has built special expertise around FinTech, Cybersecurity, Enterprise Software, Environmental Tech, AgriTech and FoodTech.

Source: https://www.iangels.com/2019/07/iangels-israeli-deal-digest-june-2019-2-2-2-2-2/

Continue Reading

Private Equity

iAngels Israeli Deal Digest – September 2020

Welcome to the iAngels Monthly Deal Digest, a summary of corporate developments in the Israeli startup market.  This September we tracked 50 announced deals at approximately $1.8 Billion, and 6 exits of $1.3 billion. Including iAngels portfolio company, BioCatch, which raised $20m in a C round.   Insurtech and Cybersecurity were the two top performing sectors […]

The post iAngels Israeli Deal Digest – September 2020 appeared first on iAngels.

Avatar

Published

on

Welcome to the iAngels Monthly Deal Digest, a summary of corporate developments in the Israeli startup market. 

This September we tracked 50 announced deals at approximately $1.8 Billion, and 6 exits of $1.3 billion. Including iAngels portfolio company, BioCatch, which raised $20m in a C round.

Insurtech and Cybersecurity were the two top performing sectors this month. Next Insurance, a InsurTech company raised $250 million Series D financing round led by CapitalG, Alphabet’s independent growth fund, with participation from FinTLV, and existing investor Munich RE Group. Snyk, a cybersecurity startup closed a $200 million Series E financing round, led by venture capital firm Addition, according to a company valuation of more than $2.6 billion.


On the M&A side, we tracked three acquisitions. The largest being Preempt Security, an American-Israeli cybersecurity startup whose solution offers zero trust and conditional access for continuously detecting and preempting threats based on identity, behavior and risk, was acquired by a California-based cloud-delivered endpoint and cloud workload protection company CrowdStrike Holdings, Inc. in a $96 million deal.  

Seed Round

  • Anima App, a startup which allows designers to export code to the programming team, without needing to learn how to code or switching between different unfamiliar programming languages. completed a $2.5 million Seed funding round, led by Zohar Gilon, one of Israel’s leading and most important investors, along with Hetz Ventures. 
  • Bobile, the first company to offer real time advanced endpoint security for iOS from zero-day and targeted advanced persistent threats, closed a $1.5 million seed round led by the New York Angels and participation by Harvard Business School (HBS) alumni angels and other leading investors.
  • KRE8.TV, a celebrity content platform which allows users to order custom made video content from their favorite creators raised approximately $1.17 million of seed investment led by Benson Oak Ventures (BOV). The round also included additional investors, among them Eyal Waldman, CEO of Israeli chipmaker Mellanox.
  • Plantt, a solution which connects to your sales and support tools, analyzing your conversations with customers to create a tailor-made customer experience raised  $1 million from Fusion LA and GoAhead Ventures.
  • Inthegame, a start-up which develops an AI-powered platform can help create unique and interactive experiences by adding ‘layers’ to broadcast television to include things like polls and quizzes in sports events and game shows, raised $650 thousands in a Seed funding round.

A Round

  • AnyVision, a company which develops an AI-driven face recognition has raised $43 million from existing investors including investment funds and private investors.
  • Triple Jump Medical, a small insulin pump patch startup raised $20 million from Medtronic.
  • Varada, an Israeli Big Data startup has closed a $12 million series A funding round. The round was led by MizMaa Ventures, with participation by Gefen Capital. Existing investors Lightspeed, StageOne Ventures and F2 Venture Capital, which contributed in early 2019 to a $7.5 million seed round, also participated in the round.
  • EasySend, a company which develops a no-code drag and drop platform for managing customer experience by converting manual forms and data collection processes into digital mobile or web applications raised $11 million in a series A round led by Israeli venture capital firm Hanaco Ventures. Intel’s venture arm, Intel Capital, also participated in the round. 
  • Strigo, customer training cloud platform startup announced the close of an $8 million series A financing round. The new investment was led by Velvet Sea Ventures and existing investor Greycroft with participation from Hanaco, the company’s lead seed investor. 
  • DeepCube, a deep learning software accelerator, closed $7 million in Series A funding. The round, led by Canadian VC Awz Ventures with participation from Koch Disruptive Technologies (KDT) and Nima Capital, brings the total invested in DeepCube to $12 million. 
  • Metadata, a San Francisco-based autonomous demand generation company focused on B2B marketing, said it raised $6.5 million in its Series A round. Resolute led the series with participation from GreycroftYork IE and Stormbreaker, as well as Mark OrganIlya Volodarsky and more than a dozen Metadata customers and key employees.
  • Sternum, Israeli IoT cybersecurity company Sternum Ltd. has raised $6.5 million in series A funding. The company provides embedded protection and real-time visibility for connected devices. The round, led by Square Peg, was joined by existing investor and global business leader Merle Hinrich, European venture capital firm btov, and private investors including Boston-based veteran entrepreneur Eyal Shavit and Founder & CEO of CyberArk, Udi Mokady.
  • TetaVi, AI-based video capture technology company has announced the close of its $6 million series A round. The funding, which came from new and existing investors, brings its total capital raised to $11.3 million. It was led by American and Canadian venture capital fund REDDS Capital and included a strategic investment from ADWAYS.
  • Phytolon, natural food coloring developer completed a $4.1 million financing round led by Millennium Food-Tech with the participation of Consensus Business Group (CBG) Fund, Trendlines Group, EIT-Food (the EU body responsible for food-tech initiatives), and former Elbit Systems CEO Yossi Ackerman.

 

  • LIGC, an Israel-based producer of Laser-Induced Graphene filters, raised $3 million in round A led by Hubei Forbon Technology. LIGC Application is at the forefront of laser-induced graphene commercialization with patented technology.

B Round

  • NovellusDx, biotech company NovellusDX Ltd. which develops a drug that delays the development of a BRAF gene mutation created in cases of thyroid cancer and glioma cancer, raised $57 million in a round made at a valuation of $75 million in exchange for 73% of the company’s shares. The round was led by Israeli life science venture capital firm Pontifax Ltd. and healthcare investment firm Orbimed Israel Partners Ltd., with each investing around $10.5 million for a 14% stake. The third-largest investor in the round was Swiss firm HBM Healthcare Investments AG, which invested $10 million for around 10% of the company’s stock. Additional investors in the round include Swiss multinational pharmaceutical company Novartis International AG, Boston-headquartered investment firms Wellington Management and Cormorant Asset Management, and SR One Ltd., the healthcare venture capital arm of pharmaceutical company GlaxoSmithKline PLC (GSK). Each of them will receive a 6%-7% stake in the company.
  • EverC, Israeli cybersecurity startup, focusing on the prevention of online money laundering, completed a $35 million series B investment round. The round was led by Israeli venture capital fund Red Dot Capital Partners which invests in growth stage companies. Maor Partners also participated in the round together with the company’s current investors, including Joey Low, Viola Ventures, Arbor Ventures and American Express Ventures.
  • Axis Security, a cybersecurity startup completed a $32 million series B funding round led by Canaan Partners, with participation from existing investors Ten Eleven Ventures and Gili Raanan’s Cyberstarts. The capital was raised to meet the increasing demand for the company’s products in the wake of the widespread transition to work from home. Axis Security’s Application Access Cloud is a purpose-built cloud-based solution that simplifies application access, using a Zero Trust platform.
  • Deel, a company, which developed a payroll platform to pay both full-time staff and independent contractors who are working remotely, has completed a $30 million Series B financing round. The round was led by US venture capital fund Spark Capital with the participation of the company’s previous backers. Another dominant investor in Deel is U.S. venture capital fund Andreessen Horowitz, which is one of the world’s largest funds.
  • Medigate, a medical cybersecurity startup raised a $30 million series B round led by new investor Partech Partners. Previous backers YL Ventures, U.S. Venture Partners, and Blumberg Capital, as well as first time investor Maor Investments, also participated in the round. The new round brings Medigate’s total funding to around $50 million.
  • Pcysys, a cybersecurity company which developed an automated penetration-testing platform that assesses and reduces corporate cybersecurity risks, completed a $25 million series B financing round led by Insight Partners. Other participants include Canadian venture capital fund AWZ Ventures and U.S.-based The Blackstone Group. The company has so far raised a total of $40 million.
  • Coralogix, a company which provides a log analytics platform, completed a $25 million Series B financing round co-led by Red Dot Capital Partners and Eyal Ofer’s O.G with participation from existing backers Aleph VC, StageOne Ventures, Janvest Capital Partners, and 2B Angels.
  • Aurora Labs, a company which develops debugging tools for automotive software, completed a $23 million series B financing round. The round was led by Check Point co-founder Marius Nacht and LG Technology Ventures, LG Electronics’ investment arm. Porsche Automobil Holding SE, Toyota Tsusho, UL Ventures, the investment arm of global safety standards Company UL, and previous round backers participated in the oversubscribed round.
  • Aidoc, a medtech startup Aidoc Medical Ltd. raised an additional sum of $20 million for its series B round, which now stands at $47 million. This brings the company’s total funding to date to $60 million. The round was originally announced last year and was led by Melbourne, Australia-based Square Peg Capital, with participation from Magma Ventures, TLV Partners, and Emerge. Joining the round now are Alpha Intelligence Capital and Maor Investments. Aidoc develops artificial intelligence-based medical imaging software designed to quickly analyze medical scans and help doctors prioritize the most urgent cases and expedite treatment.
  • BrandTotal, the brand marketing analytics company providing social media competitive intelligence to brands and organizations, raised $12 million in its Series B investment round. The Series B round was led by INcapital Ventures, in participation with Maor Investments, Glilot Capital Partners, Flint Capital, KDC Media Fund, and FJ Labs.
  • Blue White Robotics (BWR), an autonomous vehicle platform startup Blue White Robotics (BWR) announced a $10 million funding round. The round was led by Jesselson Investment, alongside Peregrine VC, Entrée Capital and an investment group led by Datoroama founder Ran Sarig.
  • Envizion Medical, a startupwhich develops smart feeding tubes (Nasogastric tubes) for intubated patients, announced the completion of an $8 million funding round from private medtech backers, family offices and the Technion Venture Capital fund.
  • Salaryo, a Fintech company, which provides credit and digital banking services to small businesses in the U.S. has raised $5.8 million in credit and equity. The company declined to detail how much debt it had incurred, but it is estimated to be the main element of the deal. The equity component was led by UAE-based private equity and venture capital fund KEN Investments, which has invested hundreds of thousands of dollars in the deal. This is estimated to be the first time an Emirati fund has openly invested in an Israeli company and follows the announcement last month that the two countries had agreed to normalize diplomatic relations. Other investors included British venture capitalist Michael Ullman, Variant Investments, and Techstars Ventures in whose accelerator Salaryo had participated.

C Rounds

  • Melio, Israeli B2B payments startu, allowing small businesses to manage payments remotely, paying when and how they want, giving them more control and helping businesses manage cash flow raised $80 million in a Series C round from investors including Accel, Aleph, Bessemer Venture Partners, Coatue Management and General Catalyst.
  • Papaya, a global payroll and payment startup closed a $40 million series B funding round led by Scale Venture Partners, with participation from Workday Ventures, Access Industries (via its Israeli vehicle Claltech), and existing investors Insight Venture Partners, Bessemer Ventures Partners, New Era Ventures, Group 11, and Dynamic Loop.
  • Orasis, an ophthalmic pharmaceutical company which is developing eye drops to treat presbyopia – the loss of ability to focus near objects, closed a $30 million Series C financing round co-led by new investor Bluestem Capital and returning investor Visionary Ventures, with participation from previous investors Sequoia Capital, SBI (Japan) Innovation Fund, Maverick Ventures Israel, LifeSci Venture Partners and additional investors. 
  • V-Wave, a company is developing proprietary, minimally invasive interatrial shunt devices for treating patients with severe symptomatic heart failure and pulmonary arterial hypertension raised $28 million, bringing the total raised in its Series C financing round to $98 million. The financing was led by Deerfield Management with participation from Aperture Venture Partners, BRM Group, Endeavour Vision, Johnson & Johnson Innovation – JJDC Inc., Pontifax, Pura Vida Investments, GHS Fund (Quark Venture LP), as well as Triventures and Israel Secondary Fund.
  • PhyTech, a digital farming automation company and data provider raised $23.5 million from private equity firm Thomas H. Lee Partners, L.P. (THL) including from the THL Automation Fund L.P., and existing anchor investors.
  • Biocatch, a startup which is active in the behavioral biometrics field: the research of digital behavior by users from a physical and cognitive standpoint in order to protect them and their data from fraud in the digital space announced extended its series C financing round by an additional $20 million invested by four major global banks – Barclays, Citi, HSBC and National Australia Bank (NAB) – to increase the round to a total of $168 million.
  • Medasense, a company which develops technology for pain-response monitoring completed an $18 million series C financing round led by Sabadell Asabys venture capital firm (Asabys Partners, Spain), Israeli family offices, and former backers Baxter Ventures, Olive Tree Ventures, and LGL Capital.
  • KeepMed, a medical technology company secured 13 million Euros ($15.1 million) in series C funding for its positive airway pressure (PAP) device that helps people with Obstructive Sleep Apnea, KeePAP. New investors Celeste Management, Financière Arbevel, and 4See Ventures join existing investors Merieux Equity Partners, Pitango Venture Capital, Xenia Venture Capital, C4 Ventures, and Lavorel Medicare.
  • Capitolis, a fintech company raised $11 million from financial giants Citi, J.P. Morgan, and State Street. The company’s platform helps financial institutions free up capital and remove barriers that would otherwise restrict trading. Capitolis enables firms to optimize their balance sheet exposures through collaborative technology by eliminating unnecessary positions and finding the most suitable party to hold the remaining positions.

Growth/Misc. Rounds

  • SolarEdge (NASDAQ GS: SEDG) announced the pricing of $550 million aggregate principal amount of 0.00% Convertible Senior Notes due 2025 in a private offering.
  • Next Insurance, a InsurTech company raised $250 million Series D financing round led by CapitalG, Alphabet’s independent growth fund, with participation from FinTLV, and existing investor Munich RE Group.
  • Snyk, a cybersecurity startup closed a $200 million Series E financing round, led by venture capital firm Addition, according to a company valuation of more than $2.6 billion.
  • BioProtect, a private company with a bioabsorbable polymer spacer balloon platform announced the final closing of its $25 million series D equity financing from an unnamed strategic investor and Peregrine Ventures. Peregrine and the additional international investor each invested $4.5 million.
  • Ionir, previously known as Reduxio, a company that is about to launch a platform allowing to transfer, copy and restore data of any size from the different cloud platforms has raised $11 million in a fifth round led by Jerusalem Venture Partners (JVP). British VC C5 Capital also participated in the round.
  • Evogene, a leading computational biology company focused on revolutionizing product discovery and development in multiple life-science based industries, including human health and agriculture, entered into a definitive agreement with ARK Investment Management, LLC (ARK Invest) and Alpha Capital Anstalt in connection with a registered direct offering of ordinary shares at a price per share of $1.70, for an aggregate cash consideration of $10 million. 

 

M&A/IPO

  • Amwell (NYSE: AMWL), a telehealth company that connects patients with doctors over secure video went public and managed to raise $742 million by selling 41.2 million class A shares at $18 apiece, after increasing the price and number of shares offered. 
  • JFrog (Nasdaq: FROG), an automated software updating company raised $352 million on Nasdaq and the amount could grow by $72 million if the underwriters exercise their option to buy additional shares. Morgan Stanley, J.P. Morgan and BofA Securities acted as the lead book-running managers for the offering. KeyBanc Capital Markets, Piper Sandler, Stifel, William Blair, Oppenheimer & Co. and Needham & Company acted as co-managers.
  • Nyxoah (Euronext Brussels: NYXH), Israeli-Belgium sleep disorder treatment company raised €85 million ($100 million) in an initial public offering (IPO) on the Euronext stock exchange in Europe. The money was raised at a company valuation of €362 million ($423 million) after money and since the IPO the share price has risen by 14% giving a company valuation of €413 million ($485 million).
  • Preempt Security, an American-Israeli cybersecurity startup whose solution offers zero trust and conditional access for continuously detecting and preempting threats based on identity, behavior and risk, was acquired by a California-based cloud-delivered endpoint and cloud workload protection company CrowdStrike Holdings, Inc. in a $96 million deal. 
  • Odo Security, a network security company that developed cloud-based, clientless secure access service edge (SASE) technology that offers secure remote access to company assets by an unlimited number of users, was acquired by Nasdaq-listed network and cloud security company Check Point Software Technologies Ltd. The financial terms weren’t disclosed but its believed to be a $30 million deal.
  • BlueBird Aero Systems, a company which develops and integrates small tactical unmanned aircraft systems (AUS) for the Israeli security sector and foreign governments, was acquired by 50% of the equity by Israel Aerospace Industries (IAI) for $14.4 million. As part of the transaction, IAI is acquiring the holdings of India- based Piramal Technologies SA, and additional shares from Fiberless Access and Ronen Nadir. Nadir will continue to hold 50% of BlueBird shares and continue to serve as the company’s CEO.

Source: https://www.iangels.com/2020/10/iangels-israeli-deal-digest-june-2020-2-2-2/

Continue Reading

Private Equity

Target Mobility GmbH – HRB 195781 B – 31122022B

With our unique vehicle logistic solution, we crowdsource drivers by marketing vehicle transfers as one-way rentals for 1€ to our users, saving fleet operators up to 50% in logistic cost. Our win-win proposition delivers significant savings to fleet operators by monetizing unused capacities of their vehicle logistics (= empty seats) and creating unbeatable travel options from city to city for our users in the process.

Avatar

Published

on

” The Leapfunder Note is a sensible and attractive way to place capital in start-ups in the Netherlands “

” Diversification is important in angel investing. Leapfunder is a platform that allows angels to spread their investments. “

” Leapfunder investing allows you to become actively involved in a start-up, just as in classical angel investing, while taking all the hassle out of transaction execution “

” Leapfunder is ideal for investing smaller amounts in a start-up in the very early stages. Such investments can be a powerful addition to a portfolio “

” With Leapfunder you get a great opportunity to build up a diversified portfolio of start-up investments, often investors can play an active role in developing the company “

” When I saw the Leapfunder proposition I thought straight-away: this is what start-ups need. I am an entrepreneur and wish this system had been available when I started my company. “

Profile small pieter

Pieter ter Kuile

Investor

Profile small wouter

Wouter Kneepkens

Investor

Profile small 80 foto rb may 2014

Ronald Bazuin

Investor

Profile eric

Eric van der Maten

Investor

Profile 0480b7f

Eric van Gilst

Investor

Profile donaldres

Donald Res

Investor

Source: https://www.leapfunder.com/companies/165

Continue Reading

Private Equity

Liquid Alternatives: Fidelity Canada Launches Three New Liquid Alt Mutual Funds

Fidelity Investments Canada, one of the country’s largest investment managers, announced on Tuesday the launch of its maiden offerings within a liquid alternatives suite for Canadian investors.

Avatar

Published

on

Liquid Alternatives: Fidelity Canada Launches Three New Liquid Alt Mutual Funds

https://platodata.net/wp-content/uploads/2020/10/liquid-alternatives-fidelity-canada-launches-three-new-liquid-alt-mutual-funds.jpg

The new funds bring alternative sources of alpha to Canadian investors.

Fidelity Investments Canada, one of the country’s largest investment managers, announced on Tuesday the launch of its maiden offerings within a liquid alternatives suite for Canadian investors.

According to Fidelity, the new liquid alternative mutual funds can provide diversification benefits to retail investors, resulting in improved risk-return profile for their portfolios. They are designed for investors who want to step out beyond the traditional “long-only” investing strategy. (Markets Insider)

Further, these funds may be considered as differentiated solutions for navigating the considerable volatility across markets in 2020, as well as extremely low interest rates.

The new liquid alternative mutual funds are Fidelity Global Value Long/Short Fund, Fidelity Market Neutral Alternative Fund and Fidelity Long/Short Alternative Fund.

Fidelity Global Value Long/Short Fund

This fund seeks to achieve long-term capital appreciation by investing in long and short equity positions of companies across the world. It may use leverage through short selling of up to 50% of its net asset value and by investing in derivatives.

The fund is managed by Dan Dupont.

Fidelity Market Neutral Alternative Fund

This liquid alt fund aims to generate long-term capital appreciation by investing in long and short equity positions of companies in Canada and/or the United States. It may apply leverage through the use of short selling of up to 100% of its net asset value and investing in derivatives. The fund aims for a low correlation to major equity markets.

This fund is managed by David Way.

Fidelity Long/Short Alternative Fund

The goal of this fund is to earn long-term capital appreciation by investing in long and short equity positions of companies in Canada and/or the United States. It may apply leverage through the use of short selling between 30% to 50% of its net asset value, and by investing in derivatives.

“With the launch of our new alternative suite of products, retail investors can access products that until recently were only available to institutional or high-net-worth investors,” said Kelly Creelman, Senior Vice President, Products, Fidelity. “Our new offerings provide a broader opportunity set for investors seeking returns and diversification benefits beyond traditional “long-only” products.”

Related Story:  Liquid Alternatives – Because Bonds No Longer Diversify Or Pay A Yield

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

Shape

Latest Alternative Investment News

Source: https://dailyalts.com/liquid-alternatives-fidelity-canada-launches-three-new-liquid-alt-mutual-funds/

Continue Reading
Saas9 mins ago

Saas9 mins ago

Saas9 mins ago

Saas9 mins ago

Saas9 mins ago

Saas9 mins ago

Saas9 mins ago

Saas9 mins ago

Saas9 mins ago

Saas9 mins ago

Press Releases24 mins ago

Hurricane Epsilon Marks 10th Hurricane of the 2020 Hurricane Season

Press Releases24 mins ago

TransAlta Renewables Executes 15-year Contract Extension in Western Australia with BHP Nickel West

Press Releases24 mins ago

Hurricane Epsilon Marks 10th Hurricane of the 2020 Hurricane Season

Press Releases33 mins ago

ROSEN, A LEADING LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Loop Industries, Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm – LOOP

Press Releases41 mins ago

Taseko To Release Third Quarter 2020 Results

Press Releases46 mins ago

Revolt Announces Compelling New Social Justice Documentary ‘From Pain to Power: A Revolt Special’ to Premiere on Monday, October 26th

Venture Capital47 mins ago

8common (ASX:8CO) raises $2.25M in extra capital

Venture Capital55 mins ago

Australian government to review domestic payments system regulation

Press Releases2 hours ago

Agape Treatment Center Launches Neuro Program to Improve Success of Addiction Treatment

Saas2 hours ago

25% of You in SF Plan to Go Back to The Office Soon, Apparently

Press Releases2 hours ago

Gulfcoastguys.com explains why vacation rentals are better than hotels – our website will show you the best rentals in Sarasota and Bradenton Florida.

Venture Capital2 hours ago

Bitcoin goes mainstream as institutional ‘wall of money’ begins buying

Press Releases2 hours ago

Publish your press release in Baidu in Chinese

Venture Capital2 hours ago

Wisr Warehouse funding facility upsized to $250 million

Venture Capital2 hours ago

Australian Fintech Parpera secures $800,000 through Equitise campaign

Startup2 hours ago

FDA approves remdesivir as the first treatment for COVID-19 despite WHO-sponsored study that shows remdesivir FAILED to prevent COVID-19 deaths and did NOT lower mortality rate in a multinational trial

Press Releases3 hours ago

Local Debris Drop-Off Service Locations Now Available at Priority Waste

Press Releases3 hours ago

Helix Acquisition Corp. Announces Closing of $115 Million Initial Public Offering, Including the Full Exercise of the Underwriter’s Option to Purchase Additional Shares

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Press Releases4 hours ago

Adams Resources & Energy, Inc. Completes Acquisition Of VEX Pipeline And Related Pipeline Terminal Facilities

Press Releases4 hours ago

Gerber Technology Redefines Mass Production with Launch of Revolutionary, Next-Generation Cutting Room

Trending