Israeli start-ups raise USD 2.15 billion in first four months of 2023
Investment in Israeli privately-held tech companies slowed to just USD 1.7 billion in the first quarter of 2023, Start-Up Nation Policy Institute (SPNI) reports.
Israeli privately-held tech companies raised USD 15 billion in 2022, according to IVC-Leumitech.
At the current rate, Israeli start-ups are unlikely to raise more than USD 7 billion this year. In April, larger financing rounds were led by cybersecurity company Cybereason, which raised USD 100 million, and AI company Pinecone which also raised USD 100 million. Cybersecurity company Coro raised USD 45 million, digital farm management company CropX raised USD 30 million and cybersecurity company Avalor raised USD 25 million.
Meanwhile, as Israel celebrated its 75th birthday, “the future remains bright,” says Jon Medved, the man behind OurCrowd, the most active investor in Israel’s start-ups. Read more on his thoughts in NoCamels.
