TechNation: Israel-based Health Care Fund aMoon II Has Raised $600 Million

Meanwhile, Israel Aerospace partners with Brazil’s Santos Lab to use drones for agriculture

An Israel Aerospace drone display at the Singapore Airshow, Singapore, February 8, 2018.
\ Brenda Goh/ REUTERS

Israel-based health care fund aMoon II has raised $600 million, documents show

The Israel-based health care fund aMoon II has received commitments of $600 million from investors and aims to raise up to $750 million by its close in February, according to an investor document obtained by Reuters. That is $100 million above the target set by the fund, which is investing in mid- to late-stage companies in digital health, medical devices and biopharmaceuticals in Israel, the United States and Europe. Launched in 2018, aMoon II intends to invest $10 million to $40 million in 15 to 20 companies over the next five years. The aMoon group, which counts three funds altogether, was founded in 2016 by Marius Nacht, co-founder and chairman of Check Point Software Technologies, and Yair Schindel. Company officials declined to comment Wednesday. aMoon II has already invested in four companies, including $10.6 million in cancer therapy firm Ayala Pharmaceuticals, in which Bristol-Myers Squibb co-invested. aMoon’s investment was worth $145 million according to Ayala’s last funding round. (Reuters)

Israel Aerospace, Brazil’s Santos Lab partner to use drones for agriculture

Israel Aerospace Industries will collaborate with Brazil’s Santos Lab Comercio E Industria Aerospacial to use unmanned aerial vehicles and analytics for large-scale precision agriculture. Under the agreement, state-owned IAI will provide the UAV systems and analyze collected data. Santos Lab will operate IAI’s BirdEye 650D UAV, which will be used to generate reports on large farming areas. The agreement is expected to generate hundreds of millions of dollars in the coming decade, IAI said in a statement Wednesday. The service is expected to begin at the end of 2019. Missions will include monitoring crops such as soy beans and sugar cane as well as commercial forestry. Moshe Levy, general manager of IAI’s military aircraft group, noted that his company’s 40 years of experience with drones had been mainly in military applications. “Utilizing our systems for agricultural applications is a good example of how we look to commercialize our know-how to broaden our offering,” he said.  (Reuters)

Israel’s Kidoz acquired by Shoal Games in bid to address digital kids games market

Israel’s Kidoz, a distribution and monetization platform for online content for children, is being acquired by Shoal Games in a $21 million deal. The merger will join the global reach of Kidoz’s content network with Shoal’s Rooplay subscription platform, the Canadian company said. “With the decline in kids’ terrestrial television viewing and their increasing shift to digital media, the combined company will be positioned to grow by owning exclusive content, having access to tens of millions of kids each month, an OTT subscription platform and a safe monetization platform from top kids advertisers,” Shoal said. Founded in 2009, Kodoz’s KIDOZOS serves as the official Kid Mode for brands such as Lenovo, PBS Kids, Sprout TV and Acer and is preloaded on millions of devices. Its Kidoz Network is an advertising technology platform helping developers monetize their apps. The all-share transaction will leave Kidoz shareholders with a 40% stake in Shoal. (Sagi Cohen)