Winners and Losers of the Week: 3D Imaging Sensor Company Vayyar Tops This Week’s List
A selection of this week's winners and losers by CTech's Editor
This week’s winners are:
3D imaging sensor company Vayyar for raising a $109 million funding round. The round was led by Koch Disruptive Technologies (KDT), the venture capital arm of Koch Industries Inc.Read more
Online lender BlueVine for raising a $102.5 million funding round. The round was led by ION Crossover Partners with participation from existing investors Citi Ventures, Microsoft’s venture fund M12, Lightspeed Venture Partners, Menlo Ventures, 83North. The company has raised $242.5 million to date, including a $72 million round in July. Read more
Israeli billionaire Idan Ofer the controlling owner of Israel Corp. for his plans to invest up to $500 million in companies in the fields of foodtech, agtech, health, and industry 4.0. The company intends to focus on companies based in Israel and Europe, investing between $70 million and $100 million in each in return for equity. Read more
This week’s loser is:
Israel-based ride-hailing app developer Gett for shutting down its New York subsidiary Juno. Gett will be letting all of Juno’s employees in the U.S. and Israel go. Now, it seems that Gett’s dream to go public at a valuation of over $1 billion will remain in the realm of a declaration. Read more
This week’s data point: $1.2 billion
Legal-tech startups raised about $1.2 billion so far in 2019. These are relatively low numbers compared to tens of billions of dollars invested in, say, fintech. But the massive wave of growth is likely on its way. In the U.S. alone, the legal industry is estimated to be a $300 billion industry, so the potential is vast. Read more
This week’s top deals:
Baring Private Equity signs MoU for $1.2 billion Lumenis acquisition deal. Read more
IT management company BigPanda raises $50 million. Read more
Fintech startup Capitolis raises $40 million. Read more
Kape Technologies buys online privacy company LTMI for $128 million. Read more
Cyber intelligence company IntSights raises $30 million. Read more
Microsoft chairman backs network security startup CyCognito in $18 million round. Read more
Anti-ad fraud company Cheq raises $16 million. Read more
Video analyzing startup Viisights raises $10 million. Read more
IT startup Loom Systems raises $10 million. Read more
Secured network startup Perimeter 81 raises $10 million. Read more
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