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iAngels November Deal Digest

Shalom from Tel Aviv and welcome back to the iAngels monthly deal digest! This November we tracked 24 announced deals totaling $161m, alongside two acquisitions for a disclosed $4.5m. Read on for a deeper dive! Seed Rounds TinyTap, a educational game creation platform, raised $1.5m from Inimiti, Radiant Venture Capital, Reinvent VC, and other private investors. Clk.im, […]

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Shalom from Tel Aviv and welcome back to the iAngels monthly deal digest! This November we tracked 24 announced deals totaling $161m, alongside two acquisitions for a disclosed $4.5m. Read on for a deeper dive!

Seed Rounds

  • TinyTap, a educational game creation platform, raised $1.5m from Inimiti, Radiant Venture Capital, Reinvent VC, and other private investors.
  • Clk.im, a premium link shortening service, raised $1m from private investors.
  • Alice, an online platform for finding cheaper flight tickets, raised $1m from Amazing Web, Talma Travel, and private investors.
  • EverThere, an event marketing platform, raised $1.8m led by Elevator Fund.
  • KangHealth, a platform connecting the world’s health data to better diagnose symptoms, raised $3.3m led by Mangrove, with participation from Comcast Ventures, Lerer Hippeau Ventures, Bessemer, Comcast Ventures, Primary Ventures, and Taboola CEO Adam Singolda.
  • ParaSonic, a lice treatment device company, raised $1.6m from a private American investor.
  • Apptopia, a B2B marketplace for mobile apps, extended its seed round, raising $2.7m led by Ashton Kutcher’s Sound Ventures with participation from 500 Startups, Mark Cuban, and Expansion Venture Capital.
  • RapidAPI, a back-end as a service platform, raised $3.5m led by Andreesen Horowitz, with participation from 500 Startups, FundersClub, Green Bay Advisors, Martin Casado, and SV Angel.

Series A Rounds

  • Otonomoa big data analytics platform for the autonomous car, raised $9m, led by Bessemer with participation from LocalGlobe, Maniv, and StageOne.
  • Tailor Brands, a self-service automated branding platform, raised $4m led by Mangrove with participation from Disruptive Fund.
  • Feelter, an online retail reviews platform, raised $2m led by Will Graylin, co-general manager of Samsung Pay and founder of LoopPay.
  • Indenia proactive network management software for IT professionals, raised $10m from Sequoia, iAngels, and CIRtech.
  • Singular Labsa mobile marketing intelligence platform, raised $15m led by KDWC with participation from General Catalyst, Translink Capital, and Telstra Ventures.
  • SeaLights, a cloud-based continuous testing platform, raised $11m led by TLV Partners with participation from Blumberg Capital, Oren Zeev, and private investors.
  • PayKey, a p2p transaction system based on social networks and instant messaging applications, raised $6m led by e.ventures, with participation from Magma Ventures, Santander InnoVentures, Leaders Ventures, as well as Mastercard and CommerzVentures.
  • SafeDK, a mobile SDK management platform, raised $3.5m from Samsung Next Tel Aviv, Marius Nacht, StageOne Ventures, Kaeden Capital, and angel investor Leon Waisbein.

Series B Rounds

  • Siemplify, a cyber-threat management and analysis firm, raised $10m led by 83North and G20 Ventures.
  • Logz.iothe AI-powered log analytics platform, raised $16m led by OpenView with participation from 83North and Giza.
  • ApiFix, a minimally invasive device for treating patients with Scoliosis, raised $5m led by B.Braun.

Growth/Miscellaneous Rounds

  • PolyPid, a specialty pharmaceutical company focused on extended release drug delivery, raised $5.3m, from Teva executive Chaim Hurvitz, as well as Shavit Capital, Aurum Ventures, and other existing investors.
  • InfinityAR, an augmented reality technology platform, raised $18m led by Alibaba Capital Partners with participation from Sun Corp.
  • SatixFy, a satellite communications company, raised $25m led by Catalyst CEL Fund.
  • RADA, a defense electronics contractor specializing in data recording and management systems, raised $3m in a PIPE from DBSI and Phoenix Insurance Co.
  • Vonetize, a developer of premium content services and technology platforms for Smart TVs, raised $2m in a PIPE from IXYS

M&A

  • Warranteer, a cross-platform system for warranty management, was acquired by IronSource a leading online software and mobile distribution company, for $4.5m.
  • eLoan, an Israel-based P2P lending platform, was acquired by Meitav Dash, a fund management company, for an undisclosed amount.

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. 

Love,
Max

Max Marine
Max Marine is an iAngels Investment Analyst. Prior to iAngels, Max was a Junior Partner at Venture1st, providing marketing and communications support to Israeli start-ups. Max passed the three CFA exams consecutively, holds an MS in Investment Management, and a B.B.A. in Finance, Real Estate, and Risk Management and Insurance from Temple University’s Fox School of Business. Contact him at [email protected]

[/av_textblock] Source: https://www.iangels.com/2016/12/iangels-deal-digest-november-monthly-wrap-up/

Private Equity

Intuitive launches new investment division and fund to support healthcare companies

Intuitive, a global technology developer for minimally invasive care and robotic-assisted surgery, has launched an investment division, which includes a $100m fund.

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Intuitive, a global technology developer for minimally invasive care and robotic-assisted surgery, has launched an inves

Source: https://www.altassets.net/private-equity-news/by-news-type/fund-news/intuitive-launches-new-investment-division-and-fund-to-support-healthcare-companies.html

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Private Equity

Veritas Capital holds final close of its debut credit fund

Veritas Capital, a private equity firm focused on technology-enabled companies, has held the final close of its first Credit Opportunities Fund.

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Veritas Capital, a private equity firm focused on technology-enabled companies, has held the final close of its first Credit Opportunities Fund.

The vehicle has pulled in $400m of aggregate committed capital.

Veritas previously secured $6.5bn for its Veritas Capital Fund VII and has also received around $1bn in support for its co-investment division. This has brought the firm’s total capital raised over the past 12 months to $8bn and its total assets under management to $20bn, it claims.

Credit Opportunities Fund will leverage the firm’s highly differentiated deal flow and access to sector insights to embrace the complexity of a maiden fund and “act with conviction and speed.”

The firm believes credit is the natural adjacency for Veritas, due to it already having several credit investments under its belt in the technology and government sectors. It will also allow it to invest across the capital structure to offer tailored solutions.

Veritas Capital CEO and managing partner Ramzi Musallam said, “For over two decades, we have successfully invested in some of the leading, market-critical companies in technology and government across all seven of our private equity funds.

“We launched the Credit Opportunities Fund to expand on that strategy and take advantage of additional opportunities to leverage our strong sector knowledge and experience. The Fund will benefit significantly from our integrated platform and intellectual property, creating a differentiated financing partner with the ability to find highly-customized solutions for the companies in which we invest.”

The investment firm backs technology and technology-enabled solutions within the healthcare, national security, software, education, aerospace & defence, government services, communications, and energy industries.

Earlier in the year, Veritas agreed to buy the healthcare unit of IT and consulting business DXC Technology for $5bn in cash.

Copyright © 2020 AltAssets

Source: https://www.altassets.net/private-equity-news/by-news-type/fund-news/veritas-capital-holds-final-close-of-its-debut-credit-fund.html

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Private Equity

Somerset expands China team

Somerset Capital Management has recruited Min Chen to its China team. He joins the UK firm from Dymon Asia where he was the portfolio manager of the Prospect View China fund. Chen has previously clocked up experience at RWC and Everest Partners. He will be based Somerset’s Singapore office, according to fund global China. Chen […]

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Somerset Capital Management has recruited Min Chen to its China team.

He joins the UK firm from Dymon Asia where he was the portfolio manager of the Prospect View China fund. Chen has previously clocked up experience at RWC and Everest Partners.

He will be based Somerset’s Singapore office, according to fund global China. Chen is also said to be bringing the Prospect fund with him.

“The Prospect View China fund is an important step in the expansion of our Asia business with more China-focused funds expected to be launched in the years ahead,” said Timothy Hay, chief executive of Asia at Somerset Capital.

Copyright © 2020 AltAssets

Source: https://www.altassets.net/private-equity-news/by-news-type/people-news/somerset-expands-china-team.html

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