IAngels Israeli Deal Digest

IAngels Israeli Deal Digest – August 2018

Sep 02, 2018Jeremy ParkinsonFinance, No picture0

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

This August we tracked 17 announced investment rounds totaling $326 million, with a notable focus towards later stages. This month there were no Seed rounds announced and only $26 million raised in A rounds across six startups.

August 2018 Investment Highlights

Series A Rounds

Driivz, a company who develops and sells a cloud-based electric vehicle charging network management software, has raised $12 millioninvestment round led by British energy company Centrica PLC.

Bosco (Alerteenz Ltd.), an app that lets parents monitor their children’s smartphone activities, has raised $4 million in a Series A funding round led by London-based investment firm Arie Capital Ltd. and Singapore-based venture capital firm FengHe Fund Management Pte Ltd.

Air Doctor, an online marketplace for pre-vetted doctors that provide services to tourists in Europe and the Americas, has raised $3.1 million from Kamet, an insurtech incubator and a subsidiary of French insurance-focused holding company AXA SA.

MOV.AI, a company that is working to create an ecosystem where developers, integrators, and manufacturers collaborate to develop the first industry-grade O/S for autonomous intelligent collaborative robots, has raised $3 million financing round from Viola Ventures and SF-based NFX.

AudioBurst, a voice search platform that harnesses the power of AI and NLP to listen, understand, segment and index millions of minutes of daily voice content, has raised $3 million from Nippon Broadcasting System Inc.

EcoPlant, a developer of a cloud-based monitoring system for infrastructure machines in industrial plants aimed to improve energy efficiency and equipment uptime, has raised $1.7 million in a Series A round led by Palo Alto, California-based venture capital firm Benhamou Global Ventures LLC.