Israeli start-ups raised USD 550 million in May
Investment in Israeli privately-held tech companies amounted to just USD 2.7 billion in the first five months of 2023. Israeli privately-held tech companies raised USD 15 billion in 2022, according to IVC-Leumitech, after raising a record USD 25.6 billion in 2021.
In May, larger financing rounds were led by vehicle inspection solitions company UVEye, which raised USD 100 million. In other large financing rounds last month, heart pump company Magenta Medical raised USD 55 million, smartphone as medical device company Healthy.io raised USD 50 million and insurtech company Novidea raised USD 50 million.
Meanwhile, accelerator program Fusion announced the final closing of its USD20 million fund for investment in pre-seed startups built by Israeli entrepreneurs. The fund has already invested in over 30 Israeli startups since its first closing last year.
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