Although this week was relatively quiet, June was a banner month for Israeli high-tech, with $530mm and $768mm in announced investments and acquisitions. Let’s dive right in!
- Omeq Medical, a medical device system targeting epidural injection complications, raised $1mm from private investors.
- Folloze, a content creation platform for sellers and marketers, raised $1.4mm from Cervin Ventures, NEA, and TriplePoint Ventures.
- Medi-Tate, a medical device company treating urethra and prostate disease, raised $4mm from private investors.
- ViDac Pharma, a drug discovery company focused on cancer treatment, raised $9mm led by Israel Biotech Fund, with participation from private angels.
In June we saw Social Media and Advertising Technology, Enterprise Solutions, and Security and Safety Technologies account for 59% of total funding.
Growth stage and seed stage each accounted for 13 deals, while Series A & B tallied 7 deals a piece.
June also saw heavy acquisition activity, with ten companies acquired (discussed below).
- Maglan, a company developing offensive cyber simulation, vulnerability countermeasures, cyber forensics and malware defenses with a focus on threat intelligence, was acquired by Accenture, a leading global professional services company, for an undisclosed sum.
- Binpress, a marketplace for commercial and open-source projects, was sold for $1mm to CodersClan, a marketplace for atomic code tasks
- Alvarian, a wireless infrastructure provider, was sold for $2mm to Supercom, a global leader of traditional and digital identity solutions.
- Bio Clean Air, offers advanced solutions to polluted air and odors treatment, was sold for $3.6mm to GES, a global leader in design, construction, and operation for industrial water treatment.
- Funtactix, an online game developer/publisher, was sold for $10mm to Playtech, a leading software provider for online gaming operators.
- SteamRail, a video delivery platform for publishers, was sold for $15mm to Ironsource, a platform for software discovery, distribution, delivery, and monetization.
- ETView, a high-resolution video imaging system for medical professionals, was sold for $16mm to Ambu, a Danish company that develops, products, and markets diagnostic and life-supporting equipment to hospitals and rescue services.
- Optitex, a provider of 2D and 3D CAD/CAM and virtual prototyping solutions, was sold for $52.8mm to EFI, a digital imaging and print management solution for commercial and enterprise printing.
- Cloudlock, the leading Cloud Access Security Broker and Cybersecurity-as-a-Service provider, was sold for $293mm to Cisco, a worldwide leader in networking for the internet.
- MIS Implant, a global leader in developing and producing advanced solutions for implant dentistry, was sold for $375mm to Dentsply Sirona, the world’s largest manufacturer of professional dental products and technologies.
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