Bitesize Friday – Israeli Funding Recap

Venture capital funding of Israel companies opened strongly in Q1 2010, with 55 deals completed since January 1oth 2o1o, according to Capital IQ.

The combination of companies looking for capital and investors looking for liquidity put a strain on early stage start ups but seemed to have played favourably for growth equity investments and later stage companies.

Some of the deals that drew VC Cafe’s attention are:

  • $10 million C round raised by Wix. Benchmark Capital and existing investors including Mangrove Capital Partners and Bessemer Venture Partners funded the round for future product development, likely for iPad related Flash content (more here). Wix has raised $20 million in funding till date.
  • LucidLogix raised an $8 million round from Genesis Partners, Giza Venture Capital, and Rho Capital Partners for futher R&D  and faster penetration of LucidLogix’s gaming graphics chip.
  • An undisclosed round in stealth startup ToyToyToy, which offers an online service  that links websites for actual toys.

Below is a recap of the private placement transactions of the last three months.  The table shows VC investments in Israeli-based companies, so the real investment volume is likely 15-30% higher when including Israeli startups incorporated in the US. (table after the jump)

Announced Date Closed Date Target Buyer/Investors Size ($mm)
Apr-8-2010 Apr-8-2010 EnStorage, Inc. Canaan Partners; Greylock Partners; Siemens Venture Capital GmbH; Warburg Pincus LLC;Wellington Partners Venture Capital GmbH 15.00
Apr-7-2010 Apr-7-2010 Bio View Ltd. (TASE:BIOV) Marathon Investments, Ltd. (TASE:MARA) 0.30
Mar-29-2010 Mar-29-2010 Orckit Communications Ltd. (NasdaqGM:ORCT) 10.62
Mar-29-2010 Mar-29-2010 Tefron Ltd. (OTCBB:TFRF.F) Norfet Limited Partnership 1.10
Mar-28-2010 Mar-28-2010 Intucell Ltd. Genesis Partners Ltd. 2.50
Mar-24-2010 Mar-24-2010 ACRO Inc. (OTCBB:ACRI) 0.04
Mar-24-2010 Israel Petroleum Company, Ltd. 16.10
Mar-24-2010 Mar-24-2010 Wixpress Ltd. Benchmark Capital; Bessemer Venture Partners; Mangrove Capital Partners 10.00
Mar-23-2010 Mar-23-2010 Minicom Digital Signage Ltd. Aviv Venture Capital; Jerusalem Venture Partners Buyer Funds:
Jerusalem Venture Partners V
6.00
Mar-22-2010 Mar-23-2010 Vuance, Ltd. (OTCPK:VUNC.F) 0.20
Mar-21-2010 Mar-21-2010 Lexifone Hi-Center
Mar-21-2010 Mar-21-2010 Plasma-Laser Technologies, Ltd. Hi-Center
Mar-21-2010 Mar-21-2010 Subflex LTD. Hi-Center
Mar-21-2010 Mar-21-2010 ToyToyToy Ltd. Hi-Center
Mar-19-2010 Mar-19-2010 Taro Pharmaceutical Industries Ltd. (OTCPK:TARO.F) 0.40
Mar-17-2010 Mar-24-2010 B Communications Ltd (TASE:BCOM) Internet Gold Golden Lines Ltd. (NasdaqGM:IGLD) 106.64
Mar-17-2010 Mar-17-2010 LucidLogix Technologies, Ltd. Genesis Partners Ltd.; Giza Venture Capital; Rho Capital Partners, Inc. 8.00
Mar-16-2010 Mar-16-2010 MobilEye Vision Technologies Ltd. Goldman Sachs Group, Merchant Banking Division; Leumi & Co. Investment House Ltd.; Menorah Mivtachim Holdings Ltd. (TASE:MMHD) 37.00
Mar-15-2010 Mar-15-2010 Cheetah Medical (Israel) Ltd. Ascension Health Ventures, LLC;MVM Life Science Partners LLP;Robert Bosch Venture Capital GmbH; Robert Bosch Venture Capital GmbH 20.00
Mar-14-2010 Mar-14-2010 Sunday Energy Ltd. Migdal Insurance and Financial Holdings Ltd. (TASE:MGDL) 26.90
Mar-11-2010 Mar-11-2010 Moblica Ltd. Sequoia Capital
Mar-11-2010 Mar-17-2010 PROLOR Biotech, Inc. (AMEX:PBTH) 24.40
Mar-9-2010 A.D. Integrity Applications Ltd. 1.00
Mar-7-2010 Mar-7-2010 EcoChemtec Ltd. Kinrot Ventures
Mar-7-2010 Mar-7-2010 HydroSpin Ltd. Kinrot Ventures
Mar-7-2010 Mar-7-2010 Leadspace Ltd. JVP Studio; Vertex Venture Capital 3.00
Mar-7-2010 Mar-7-2010 SPC Tech Ltd. Kinrot Ventures
Mar-7-2010 Mar-7-2010 Wadis Ltd. Kinrot Ventures
Mar-1-2010 Mar-1-2010 BioCancell Therapeutics, Inc. (TASE:BICL) 2.79
Feb-25-2010 BiondVax Pharmaceuticals Ltd. (TASE:BNDX) Yorkville Advisors, LLC Buyer Funds:
YA Global Investments, L.P.
7.00
Feb-25-2010 Mobile Max Technologies Ltd (TASE:MBMX) Yorkville Advisors, LLC Buyer Funds:
YA Global Investments, L.P.
5.00
Feb-21-2010 Feb-21-2010 Toe Fix Ltd. 0.30
Feb-19-2010 Feb-19-2010 Multiphy Networks Ltd. Maayan Technology Ventures Ltd. (TASE:MAYN); Vertex Venture Capital 0.68
Feb-17-2010 Siemens Concentrated Solar Power, Ltd. Siemens International Holding B.V. 68.09
Feb-15-2010 Applisonix Ltd. (TASE:APLS) Maayan Technology Ventures Ltd. (TASE:MAYN) 0.75
Feb-8-2010 Feb-8-2010 Pursway Battery Ventures 6.00
Feb-2-2010 Feb-2-2010 Softlib Ltd. Xirrus, Inc.
Feb-2-2010 Feb-2-2010 Valtech Cardio Ltd. NGN Capital; Peregrine Ventures Buyer Funds:
NGN BioMed Opportunity II LP
17.80
Feb-1-2010 Feb-1-2010 B-Obvious Inc. Israel Electric Corporation Limited;Maayan Technology Ventures Ltd. (TASE:MAYN) 1.00
Jan-29-2010 Jan-29-2010 CellEra Inc. BrainsToVentures AG; Israel Cleantech Ventures Buyer Funds:
b-to-v Private Equity S.C.S. SICAR;Israel Cleantech Ventures
2.00
Jan-29-2010 Pinanotech Ltd. Broadway Industrial Group Ltd. (SGX:B69) 1.20
Jan-27-2010 TopSpin Medical (TASE:TOPMD) Medgenesis Partners Ltd. 0.21
Jan-26-2010 Jan-26-2010 Ignitad, Ltd. JVP Studio; Tamir Fishman Ventures 0.27
Jan-19-2010 Jan-19-2010 Chiasma (Israel) Ltd.
Jan-17-2010 Jan-17-2010 D-LED Illumination Technologies Ltd. TechnoPlus Ventures Ltd. (TASE:TNPV) Buyer Funds:
TechnoPlus Ventures Fund
0.87
Jan-14-2010 Jan-14-2010 cVidya Networks Inc. Battery Ventures; Carmel Ventures; Hyperion Israel Venture Partners; StageOne Ventures; Star Ventures Management GmbH 10.00
Jan-13-2010 Jan-13-2010 Anti SRB1, Ltd. Biomedix Incubator Ltd. (TASE:BMDX); Pontifax Ltd.; Roche Holding AG (SWX:ROG)
Jan-13-2010 BioVent Ltd. Biomedix Incubator Ltd. (TASE:BMDX); Pontifax Ltd.; Roche Venture Fund Buyer Funds:
The Pontifax Fund
1.20
Jan-13-2010 Jan-13-2010 cCAM Ltd. Biomedix Incubator Ltd. (TASE:BMDX); Pontifax Ltd.; Roche Holding AG (SWX:ROG)
Jan-13-2010 Jan-19-2010 Rosetta Genomics, Ltd. (NasdaqGM:ROSG) 5.06
Jan-13-2010 Jan-13-2010 siRNA Gagomers, Ltd. Biomedix Incubator Ltd. (TASE:BMDX); Pontifax Ltd.; Roche Holding AG (SWX:ROG)
Jan-11-2010 Jan-11-2010 Siano Mobile Silicon, Ltd. Bessemer Venture Partners;Jerusalem Venture Partners; Star Ventures Management GmbH;Tamir Fishman Ventures; Walden Israel 23.50
Jan-11-2010 Jan-11-2010 Wisair Ltd. 5.70
Jan-10-2010 Jan-10-2010 Endogun Medical Systems Ltd. Pontifax Ltd. Buyer Funds:
The Pontifax Fund
12.55
Jan-10-2010 Jan-10-2010 Space-Communication Ltd. (TASE:SCC) Clal Insurance Enterprises Holdings Ltd, Asset Management Arm; Hadas Arazim Mutual Funds;Harel Insurance Investments and Finances Ltd, Asset Management Arm; I.B.I Investment House Ltd. (TASE:IBI); Ion Asset Management; Menorah Mivtachim Holdings Ltd., Asset Management Arm; Sphera Funds Management Ltd Buyer Funds:
Hadas Mercantile Provident Funds;Ion Israel Fund Ltd; Sphera Master Fund LP
20.19

Eze Vidra
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Eze Vidra

Chief Innovation Officer at Antidote
Eze is the Chief Innovation Officer at Antidote, a startup helping patients search and match to clinical trial, to accelerate medical breakthroughs. Previously, Ezewas a General Partner at Google Ventures Europe. Before GV, Eze founded and led Campus London, Google's first physical hub for startups, and was the Head Google for Entrepreneurs in Europe. He's an experienced product manager and startup mentor. In 2012 Eze founded Techbikers, a non-for profit supporting children education in developing countries.
Eze Vidra
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Latest posts by Eze Vidra (see all)

Eze Vidra

Eze is the Chief Innovation Officer at Antidote, a startup helping patients search and match to clinical trial, to accelerate medical breakthroughs. Previously, Eze was a General Partner at Google Ventures Europe. Before GV, Eze founded and led Campus London, Google's first physical hub for startups, and was the Head Google for Entrepreneurs in Europe. He's an experienced product manager and startup mentor. In 2012 Eze founded Techbikers, a non-for profit supporting children education in developing countries.

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