Israeli startups raised nearly $500 million in April 2023, according to press releases seen by “Globes.” The figure may be more as some companies prefer to remain in stealth and sometimes do not publicize the investments they have received.
Investment in Israeli privately-held tech companies slowed to just $1.7 billion in the first quarter of 2023, Start-Up Nation Policy Institute (SPNI) reports. Israeli privately-held tech companies raised $15 billion in 2022, according to IVC-Leumitech, after raising a record $25.6 billion in 2021, more than double 2020’s figure of $10 billion, which was itself a record. At the current rate, Israeli startups are unlikely to raise more than $7 billion this year.
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Israeli startups raised only $1.7b in Q1 2023
Last year Israeli startups raised $10.9 billion in the first half of the year and just $4.1 billion in the second half of the year, as the sharp falls on Nasdaq effected the valuations of growth companies. The amount raised in April 2023 is consistent with the amounts startups were raising in the latter part of 2022.
In April, larger financing rounds were led by cybersecurity company Cybereason, which raised $100 million, and AI company Pinecone which also raised $100 million. Cybersecurity company Coro raised $45 million, digital farm management company CropX raised $30 million and cybersecurity company Avalor raised $25 million.
Published by Globes, Israel business news – en.globes.co.il – on May 1, 2023.
© Copyright of Globes Publisher Itonut (1983) Ltd., 2023.
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