Israeli startups raise USD1.45 billion in Q4 despite war, end 2023 with USD6.9 billion in total
Despite these challenges, Israeli high-tech startups successfully secured total funding of USD6.9 billion in 392 rounds this year, compared to USD14.95 billion in 2022 across 663 rounds, according to preliminary data from the IVC and LeumiTech report summarizing 2023 in the Israeli tech sector. Read more in Calcalist.
While high-tech is a critical route out of Israel’s crisis, there was concern at the Globes Israel Business Conference for the declining investment in Israel.
Facebook Israel general manager Adi Soffer Teeni led a panel of senior tech figures.
Meanwhile, OurCrowd, one of the leading global digital investment platforms, has announced the first close of its USD50 million Israel Resilience Fund, with more than USD13,million in capital commitments, and approved the first 8 investments from the fund.
OurCrowd will waive all management fees and carried interest as a contribution to Israel’s current wartime emergency. The fund, which was first announced just 40 days ago, becomes one of the fastest-closing venture funds ever to go from conception to closure and 8 actual investments, according to OurCrowd.
