1. Deals Analysis
March 27, 2021

Technology industry venture financing deals total $510.6m in Israel in February 2021

By Carmen

Total technology industry venture financing deals worth $510.6m were announced in Israel in February 2021, led by $120m venture financing of Cyesec, according to GlobalData’s deals database.

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The value marked an increase of 55.01% over the previous month of $329.4m and a rise of 69.9% when compared with the last 12-month average of $300.49m.

Israel held a 3.04% share of the global technology industry venture financing deal value that totalled $16.77bn in February 2021.

In terms of venture financing deal activity, Israel recorded 25 deals during February 2021, marking an increase of 56.25% over the previous month and a rise of 31.58% over the 12-month average.

Israel technology industry venture financing deals in February 2021: Top deals

The top five technology industry venture financing deals accounted for 62.5% of the overall value during February 2021.

The combined value of the top five technology venture financing deals stood at $319m, against the overall value of $510.6m recorded for the month.

The top five technology industry venture financing deals of February 2021 tracked by GlobalData were:

1) 83North Venture Capital and EQT Partners’ $120m venture financing of Cyesec

2) The $75m venture financing of Earnix by Insight Partners, Israel Growth Partners, Jerusalem Venture Partners and Vintage Investment Partners

3) Expon Capital, Intel Capital, Koch Disruptive Technologies, NVIDIA, SoftBank Ventures Asia, State of Mind Ventures, Sweetwood Capital, Viola Ventures, Western Digital Capital and Xilinx Technology Ventures’ $65m venture financing of Pliops

4) The $30m venture financing of Granulate Cloud Solutions by Dawn Capital, Hetz Ventures Management, Insight Partners, Red Dot Capital Partners and TLV Partners

5) CPT Capital, Hanaco Ventures Capital, Happiness Capital, K3 Ventures, Losa Group and Sake Bosch’s venture financing of Redefine Meat for $29m.

Verdict deals analysis methodology

This analysis considers only announced and completed big data 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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