Israel’s Lumen, BeeHero, Shield raise nearly $125 mn in Series B funding
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The round was joined by Disruptive VC, Unorthodox Ventures, Hanwha Group, Resolute Ventures, RiverPark Ventures, and Almeda Ventures.
This brings the total money raised by Lumen to $77 million since it was founded in 2014 by sisters and graduates from the Ben-Gurion University, Merav Mor and Michal Mor, together with entrepreneurs Avi Smila (CIO), Dror Ceder (Chief Growth Officer), and Daniel Tal Mor (CEO).
The company, which has developed a handheld device to measure metabolism through the breath, employs 110 people.
BeeHero
Israeli startup BeeHero, which has developed a precision pollination program, has completed a $42 million Series B funding round.
The round was led by Convent Capital and joined by General Mills, Cibus Capital (formerly ADM Capital), Rabobank, MS&AD, Firstime, J-Ventures, Plug&Play, iAngels, Gaingels, and UpWest.
The funding brings the money raised by the company to $64 million since it was founded in 2017 by Itai Kanot, Omer Davidi, and Yuval Regev.
The 50-employee strong company operates out of Tel Aviv and Silicon Valley.
BeeHero will use the new money for research and development and help generate more data and insight into the sustainable agriculture ecosystem it is building to address the issue of global food security.
Shield
Israeli startup Shield has raised $20 million in a Series B funding round. The round was led by Macquarie Capital and joined by UBS through its venture and innovation unit UBS Next, Mindset Ventures and OurCrowd.
This is the second time this year that Shield has raised money. In January, the startup had raised $15 million in a Series A round.
Shield’s intelligence platform allows organizations of any size to mitigate risks, escape the dead-end legacy archive, improve operational efficiency, and reduce compliance costs. Shield enables regulated financial institutions to detect market abuse, gain behavioral analysis, mitigate toxic workplace culture and ultimately automate surveillance over all employee communication channels.
Shield was founded in 2018 by CEO Shiran Weitzman with CTO Ofir Shabtai, and they were joined by CBO Eran Noam. The company had initially been bootstrapped.
The 120-employee strong Shield works out of Tel Aviv, London, New York and Lisbon. The company claims to have grown by 300% over the past two years and will look to use the new money to further grow in existing markets and expand into new ones, including the U.S.
CyVers
Cybersecurity startup CyVers has raised $8 million in a funding round led by Elron Ventures. The lead investor was joined by Crescendo Venture Partners, Differential Ventures, HDI, Cyber Club London, and Cyber Future.
CyVers develops proactive Web3 security for smart contract applications via detection and interception of crypto attacks across blockchains. The company’s agentless, plug-and-play solution capture transactions during the few moments between the time a transaction is broadcasted and when it is registered irreversibly to a blockchain ledger.
The company was founded earlier this year by CEO Deddy Lavid, who previously sold his startup, Presenso, to SKF, and Meir Dolev, who led startup Aquallence as its CTO and later served as VP of R&D for its acquirer Reliance Worldwide Corporation.
The company counts several locally funded companies like Bit2C, Solidus Capital, and CoinMama among its customers.
