1. Deals Analysis
October 29, 2020

Israel’s technology industry sees a drop of 15.3% in deal activity in Q3 2020

By Carmen

Israel’s technology industry saw a drop of 15.3% in overall deal activity during Q3 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 61 deals worth $715.25m were announced in Q3 2020, compared to the last four-quarter average of 72 deals.

Venture financing was the leading category in the quarter with 45 deals which accounted for 73.8% of all deals.

In second place was M&A with 12 deals, followed by private equity with four transactions, respectively accounting for 19.7% and 6.6% of overall deal activity in the country’s technology industry during the quarter.

In terms of value of deals, M&A was the leading deal category in Israel’s technology industry with total deals worth $628.25m, while private equity and venture financing deals totalled $80m and $7m, respectively.

Israel technology industry deals in Q3 2020: Top deals

The top five technology deals accounted for 25.3% of the overall value during Q3 2020.

The combined value of the top five technology deals stood at $181m, against the overall value of $715.25m recorded for the month.

The top five technology industry deals of Q3 2020 tracked by GlobalData were:

1) Atreides Management, Koch Disruptive Technologies and Valor Equity Partners’ $45m venture financing of ProteanTecs

2) The $40m venture financing of Perimeter 81 by Insight Partners

3) American Express Ventures, Arbor Ventures, Viola Ventures, Joey Low, Maor Investments and Red Dot Capital Partners’ $35m venture financing of EverCompliant

4) The $31m venture financing of Explorium by Dynamic Loop Capital, Emerge VC, F2 Capital and Zeev Ventures

5) Check Point Software Technologies’ venture financing of Odo Security for $30m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

 

Verdict deals analysis methodology

This analysis considers only announced and completed artificial intelligence deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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