Abigail Klein Leichman
May 21, 2017, Updated May 18, 2017

During the month of May 2017, seven Israeli companies received funding totaling $140.3 million.

Leading the pack was digital business insurance company Next Insurance of Kfar Saba and Palo Alto, California, which raised $29 million in a Series A funding round led by Munich Re/HSB Ventures and Markel Nationwide.

BiomX of Ness Ziona closed a $24 million Series A round led by OrbiMed, Johnson & Johnson Innovation–JJDC and Takeda Ventures. BiomX, founded in the FutuRx incubator based on pioneering collaborative research at the Weizmann Institute of Science in Rehovot and the Massachusetts Institute of Technology, is advancing toward clinical trials of its novel therapeutics for diseases caused by an imbalance of the microbiome (the genes of all the bacteria in the human body).

Jerusalem-based Sweet Inn, which enables travelers in several Israeli and European cities to rent a private apartment with inclusive hotel-standard services, raised $22 million.

Kfar Saba-based biomed company CartiHeal raised $18.3 million in a financing round led by aMoon Partners to advance its Agili-C cartilage- and bone-regeneration device.

Twiggle of Tel Aviv, developer of a technology that makes e-commerce search engines understand customers the way in-store employees do, raised $15 million.

Karamba Security of Hod Hasharon, a provider of cybersecurity solutions for connected and autonomous vehicles, announced $12 million in Series B funding.

Award-winning predictive marketing company Mintigo of Kfar Saba and San Mateo, California, sealed $10 million in a round of funding led by Glilot Capital partners.

And SoftWheel of Tel Aviv raised $10 million in its third fundraising round. Earlier this month, SoftWheel announced a strategic partnership with Canada’s Permobil for the exclusive distribution rights in Canada for SoftWheel’s innovative in-wheel shock absorption system for manual wheelchairs. SoftWheel also signed a strategic marketing agreement with US company Numotion.

Demonstrations of SoftWheel Acrobat will take place at the People in Motion show in Toronto on May 26 to 27.

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