Sarona Ventures

growth-positive

Soapy USA Inc, a leader in intelligent hand hygiene solutions, has announced a new partnership with the Pennsylvania Department of Health (PA-DOH) to enhance hand hygiene training and education for healthcare workers across the state. This collaboration aims to revolutionize handwashing training by integrating Soapys smart handwashing stations into PA-DOHs comprehensive training program. The technology provides real-time feedback to ensure compliance with hand hygiene protocols, ultimately contributing to safer healthcare environments. Both Soapy and PA-DOH express enthusiasm for the partnership, highlighting its potential to set new standards in hand hygiene education and significantly reduce infection risks. This initiative marks a significant step forward in infection prevention and control practices in Pennsylvania.

growth-positive

SupportLogic, a leader in Support Experience management, has acquired xFind, a pioneer in Precision-Guided RAG knowledge technology. This acquisition aims to enhance SupportLogics SX management platform by integrating xFinds technology, which provides accurate and quick technical answers, improving customer support experience. The integration addresses challenges faced by current RAG architectures, such as poor answer accuracy and high maintenance costs. xFinds technology allows support teams to reduce response times and improve resolution accuracy. The acquisition is expected to benefit enterprises by raising the bar for support experience and accelerating AI adoption. Cvent, a customer of both companies, expressed satisfaction with the merger. The event took place on August 1, 2024.

growth-positive

Deel, an Israeli-American HR management company, is acquiring British start-up Hofy for slightly over $100 million. This acquisition is part of Deels strategic plan to expand its workforce by more than 1,000 employees in 2024. Deel, valued at $12 billion, has raised $630 million since its inception. Hofy, founded by former Deel employee Sami Bouremoum, focuses on IT equipment management and has raised $30 million to date. The acquisition will integrate Hofys 120 employees into Deels team, enhancing its IT management capabilities. This marks Deels eighth acquisition in three years, with previous acquisitions including Zeitgold, Roots, and PaySpace. Deels ARR is reported at $500 million, and the company aims to continue its growth trajectory.

growth-positive

Fintech startup Agora, specializing in real estate investment management solutions, announced a successful $34 million Series B funding round led by Qumra Capital, with participation from Insight Partners and Aleph. This round brings Agoras total funding to $63 million and more than doubles its previous valuation. Founded in 2019, Agora plans to use the funds to expand its market presence, particularly in Central and South America and Australia, and to enhance its research and development efforts in operational and financial services. The company currently manages over 70,000 investors and $150 billion in assets under management globally, with a significant focus on North America, Europe, and Israel.