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Jerusalem Life

| Israeli startups raised over $1b in Sept

Janglo News    
Wednesday, 02 October 10:45 AM
Israeli startups raised over $1 billion in August, according to press releases issued by companies that have completed financing rounds. The figure may be more as some companies prefer to remain in stealth and not to publicize the investments they have received.

After raising $3.9 billion in the first half of the year, according to IVC, Israeli tech companies have now raised $5.9 billion since the start of 2019, including $650 million in July, a further $350 million in August and a whopping $1 billion in September. This figure is on course to beat last year's record tech company fund raising, when according to IVC-ZAG, Israeli companies raised $6.4 billion, up from $5.24 billion in 2017.
         
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