The unprecedented COVID-19 pandemic tests one’s resolve and resilience to no end. We are proud that the Israeli spirit continues to come out on top in its adaptability and innovation. We will see many lasting changes in technological trends which will stay with us for years to come.
Interestingly, the MizMaa theses are even more relevant now than before; our portfolio companies are providing even more pressing solutions to the needs of a new normalcy. And the way MizMaa has worked, spanning three different geographies since 2016, was perhaps an earlier version of today’s WFH/remote working before there was a proper name to it.
The last few months have been an incredibly busy period for us. A few highlights to share: We closed our third exit: Vayavision, a top-notch sensor-fusion company, which was sold to Leddartech, an integrated LIDAR company in Canada.
We continued actively sourcing companies and made investments in 2 new exciting companies, one in the field of Data Analytics and the other in Cybersecurity (still in stealth mode). Our companies continue to raise substantial rounds such as the US$10M round raised by Anagog. Bond is an innovative last-mile company capitalizing on the dramatic surge in demand for last-mile delivery in New York with further expansion planned in the US. Ment.io is providing the perfect discussion tool for remote learning and the leading collaborative tool for remote working. Allegro leads the industry in open source with greater adoption of agile development and DevOps methods which are now major trends.
We have never stopped for a moment believing that innovation will pause in Israel and have recently sponsored an early-stage startup competition. During these most challenging times, it is important for us to support the tech ecosystem in Israel. We reviewed 350 applications and arranged a pitch day for the finalists.
We hope you enjoy reading our newsletter. We wish to stay in close touch and look to continue to capitalize on the tailwinds of new normalcy resulting from COVID-19. We hope all of you stay vigilant and safe.