search

Israeli tech firms raised $6.47 billion in 623 deals in 2018 – report

Amount is the highest for the past six years, according to data compiled by IVC Research Center and attorneys Zag-S&W

Shoshanna Solomon is The Times of Israel's Startups and Business reporter

Illustrative view of central Tel Aviv, home to many of Israel's tech and finance companies, August 29, 2016. (Miriam Alster/Flash90)
Illustrative view of central Tel Aviv, home to many of Israel's tech and finance companies, August 29, 2016. (Miriam Alster/Flash90)

Israeli tech firms raised a total of $6.47 billion in 623 deals, the highest dollar amount since 2013, a new report shows, summarizing capital raising data for the past six years (2013-2018).

Out of the companies that raised funds, 100 firms raised over $20 million each this year, for a total of $4.1 billion, four times more compared to 2013, a report by IVC Research Center, which tracks the industry, and attorneys Zag-S&W shows. However, just 538 firms raised funds below $5 million each, the lowest number since 2014.

In 2017 Israeli tech firms raised $5.52 billion in 661 deals, while in 2016 the firms raised $5.1 billion in 655 deals. In 2013, Israeli tech firms raised $2.95 billion in 571 deals.

The full report will be published on January 9, IVC said.

read more:
comments
Never miss breaking news on Israel
Get notifications to stay updated
You're subscribed