Abigail Klein Leichman
October 4, 2018, Updated October 6, 2018

Fundraising by Israeli companies was robust in September 2018.

Sisense raised $80 million in a round led by New York-based Insight Venture Partners. With offices in Ramat Gan, New York and Arizona, Sisense develops business intelligence software.

MeMed Diagnostics of Tirat Carmel completed a $70 million funding round with the participation of Ping An Insurance Group of China, Jerusalem-based OurCrowd, Li Ka-Shing of Hong Kong and electronics manufacturer Foxconn. MeMed makes an automated blood testing device capable of diagnosing whether an infection is bacterial or viral based on the presence of specific proteins in the blood.

Tel Aviv-based payment fraud prevention company Forter raised $50 million in a Series D financing led by March Capital Partners with participation from Salesforce Ventures, Sequoia Capital, New Enterprise Associates and Scale Venture Partners.

Jerusalem-based Freightos, the world’s largest online international freight marketplace with offices in Hong Kong, the US and UK, completed a $44.4 million Series C funding round led by Singapore Exchange with the participation of existing investors including General Electric Ventures, ICV and Aleph.

WalkMe raised $40 million in Series F financing, led by Insight Venture Partners, with participation from WalkMe’s first institutional investor, Mangrove Capital Partners. Founded in Tel Aviv where it still has development offices, WalkMe is one of the fastest-growing software companies globally. Nearly 2,000 customers worldwide, including over 30 percent of the Fortune 500, use its digital adoption platform.

Sports-tech company Pixellot of Petah Tikva raised $30 million in a round led by Shamrock Capital. Pixellot makes artificial intelligence-based production and broadcasting technologies for live panoramic HD broadcasting of sports events using software-controlled cameras.

Alpha Tau Medical of Tel Aviv raised $29 million from Shavit Capital, OurCrowd and Medison Ventures, the venture capital arm of Israeli healthcare company Medison Pharma, as well as private equity investors to further develop its solid-tumor treatment technology using alpha radiation. The company has started clinical trials around the world and has established subsidiaries in the US and Japan.

California-headquartered Accel Partners led a $22 million Series B round for Tel Aviv-based open-source security platform Snyk, which also has offices in London and Boston. Additional funders included GV, Boldstart Ventures and Heavybit, among others.

The European Investment Fund, the European Union’s investment arm, invested $20 million in the third fund of Israel Cleantech Ventures as part of the EU’s research and innovation program Horizon 2020. Founded in 2006 and based in Ramat Hasharon, ICV invests in early-stage startups focused on resource management and sustainability.

Rosh HaAyin-based website cybersecurity startup Source Defense secured $10 million in Series A funding from Allegis Capital, Global Brain Corp., Connecticut Innovations and Jerusalem Venture Partners (JVP).

Setoo, which sells insurance and protection as a service, raised $9.5 million in a round led by startup incubator Kamet, owned by AXA. Setoo has offices in London and Paris and an R&D center in Tel Aviv.

BreezoMeter, of Haifa, which tracks air quality and pollution through data across the world, closed a Series B funding round of $7.75 million led by Goldacre Ventures and Entree Capital. Idinvest Partners, Hella Ventures, Axess Ventures and Plug & Play Ventures also participated in the round.

Tel Aviv-based marketing software developer BrandTotal has raised $6 million in a Series A funding round led by Flint Capital with participation of FJ Labs, NHN Investment Co., Glilot Capital Partners and Keshet DCP, a joint venture of Israeli broadcasting company Keshet Media Group and US-based Dick Clark Productions.

Barrel Protocol of Tel Aviv raised $4 million in cash and cryptocurrency from backers including Gigi Levi, NEO Global Capital, Altair Ventures and UK-based accelerator Collider. The company offers a protocol built on the NEO blockchain platform that intends to automate consumer data compliance, preparing the data for the $600 billion global data market.

Three Tel Aviv-based companies each raised $3 million during September: Hospitality service startup Routier, car fleet management startup Fleetonomy and code-monitoring company Datree.io.

Biop Medical of Ramat Gan raised $2.2 million in a funding round led by South Africa-based medical equipment company Avacare Health Group, which will distribute Biop’s device for detection of cervical cancer.

Seedo of Yokne’am received $2 million from Cannabics Pharmaceuticals (not Cannabix Technologies as previously reported) to help Seedo acquire majority shares in US-based GRCR Partners; Cannabics eventually will acquire the merged company. Seedo is starting to ship its at-home automatic growing box, which is geared to raising plants including cannabis.

Tel Aviv-based startup EquityBee raised $1.5 million of seed money from investors including Adam Neumann, founder and CEO of WeWork. The new company helps startup employees get the money they need to exercise their stock options before they expire.

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