TrapX Security raises $9M led by Intel Capital and Liberty Israel Venture TrapX Security, a global leader in deception-based cyber security defense, raised $9 million in a Series B round, led by investors Intel Capital and Liberty Israel Venture Fund together with current investors BRM Group and Opus Capital. The investment will be used to accelerate growth across the business, spanning the development of deception technology, the hiring of engineering and marketing talent, and the expansion of global sales initiatives. Headcount is expected to grow by 40 percent globally within the next year to accommodate the increase in customer demand. FanZone raises $5M in Series A round FanZone, an online social networking platform for sports and music lovers, raised $5 million in a Series A funding round led by Olive Tree Capital Ventures. Other participants included Ron Zuckerman and Amir Gal-Or. The startup was founded in 2014 by CEO Ori Shilo, former CEO of the Israel Football Association, and Tomer Kazaz, a former youth goalkeeper with Maccabi Netanya. P2P lending platform Blender raises $5M Series A from Blumberg Capital P2P lending platform Blender raised $5 million in Series A funding from Blumberg Capital. Following the investment, Blumberg Capital senior partner Alon Lifshitz will join Blender’s board of directors. The main competitive advantage of BLender is its ability to assess credit risk in territories that lack the presence of a credit bureau or centralized financial information on individuals. BLender is a cloud-based platform that was built to be compatible with a wide range of markets, cultures, and languages. The platform is fully mobile and web based. Technologically sophisticated, yet simple and easy to use. The company was founded by CEO Dr. Gal Aviv. Security startup Octopus raises $2.5M from Singulariteam Octopus, a Tel Aviv-based Physical Security Information Management (PSIM) startup, has raised $2.5 million from Singulariteam. The company will use the funds to expand in the U.S. and Asia, particularly in China, where two of the biggest Internet companies, Tencent and Renren, are Singulariteam backers. Octopus’ products are already used in Israel by the government, Coca-Cola, VISA (CAL), ICL, and three banks. Cyber-Sec startup SafeBreach raises $4M Cyber security company SafeBreach raised $4 million in its first funding round from Sequoia Capital and angel investor/entrepreneur Shlomo Kramer. Sequoia partner Gili Raanan will join the startup’s board of directors. Funds will be used to expand development in Israel North America. Apester raises $5M Series A Apester, a leading digital storytelling platform for publishers, raised a $5M Series A financing round led by Mangrove Capital Partners, with additional investments from former AOL CMO Tal Simantov, Wix Co-Founder Gigi Kaplan, Silverstein Properties President Tal Kerret, and Amdocs Founder Morris Kahn (Wellborn Ventures). Mangrove is a leading venture capital firm known for its early investments in Skype, Wix and Rdio. As part of the investment, Mangrove Partner Roy Saar will join the board. He also sits on the board at Wix. Chakratec secures $2M Series B from Chinese investor ZZRunner Chakratec, a pioneer in Energy Storage solutions based on a kinetic battery device, raised $2 million in a Series B funding round from China based investor ZZRunner. Chakratec will leverage this Series B funding mostly to complete its beta testing with actual potential customers in Israel, Europe and China, and move forward with its go to market penetration. IVC-Meitar Israeli High-Tech Exits Report H1-2015 In the first six months of 2015, Israeli high-tech exit activity accelerated, garnering $5.29 billion in 54 deals – nearly 76 percent of the total proceeds from exits in all of 2014, with 107 deals totaling $6.98 billion, and 80 percent of $6.62 billion in 91 exits in 2013, both considered part of the few most successful years for Israeli exits.
- Average exit in H1/2015 was 51% above the 2014 average
- H1/2015 is the second strongest half year for M&A activity in six last years
- Temporary slowdown in IPO activity – only 6% of total exit proceeds in H1/2015