Israel’s Startups Secure $1.6 Billion in Capital Raising, Marking a 34% Increase from Previous Quarter

Investment in Israeli high-tech saw a rise in the first quarter of 2024

In the first quarter of 2024, Israeli startups secured $1.6 billion in capital raising, marking a 34% increase from the previous quarter, according to IVC reports. This was the first increase in capital rounds since 2022 and was 10% higher than the previous quarter but 10% lower than the first quarter of 2023.

The number of seed and early-stage funding rounds increased by 48%, with six companies raising over $100 million each, indicating continued investment interest in Israel’s startup ecosystem. Notably, more than half of all funds raised came from the cybersecurity sector, underscoring its importance in Israel’s innovation landscape.

Israel has long been known for its vibrant startup culture, with companies across various industries attracting investments and driving innovation. The resilience and growth potential showcased by startups during this period highlight Israel’s position as a key player in the global technology scene.

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