Israeli Startups Break Record With $10.5 Billion Raised in 2021
Israeli startups have raised $10.5 billion so far this year, surpassing the record set in 2020, as investors continue to pour cash into technology firms emerging as winners from the pandemic.
There have been 30 funding rounds of at least $100 million in the first half of this year, accounting for 53% of the total financing, according to a report from Start-Up Nation Central, a non-profit organization that tracks Israel’s tech industry. That compares with 21 such rounds last year.
The three sectors that dominated this year were companies in enterprise software, fintech and cyber security, said Uri Gabai, the incoming head of Start-Up Nation Central’s Research and Policy Institute.
“Unless something dramatic happens, we’re going to see figures we thought were unthinkable two years ago,” said Gabai, adding that $20 billion this year is plausible.
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