Israeli startups raised nearly USD 2 Billion in May
Israeli tech companies raised USD 8.6 Billion in the first five months of 2021, fast approaching the record USD 10 Billion raised in all of 2020
Israeli startups just fell short of raising USD 2 Billion in May after raising USD 2.2 Billion in April and a record USD 2.8 Billion in March.
In May, e-commerce fraud prevention company Forter led the way, raising USD 300 million, at a company valuation of USD 3 billion (Herzog represented). Financial management platform HoneyBook raised USD 155 million, at a company valuation of USD 1.1 Billion, and fintech company Sunbit raised USD 130 million, also at a company valuation of USD 1.1 Billion (H-F & Co. acted). Cybersecurity company Wiz raised USD 120 million.
Other major financing rounds included:
data storage company Vast Data, which raised USD83 million,
data science platform Explorium, which raised USD75 million,
API security company Salt Security, which raised USD70 million,
gift platform Snappy, which raised USD70 million
digital health company Vim raised USD60 million,
fintech startup Lili raised USD55 million,
invoice management software company Stampli raised USD50 million,
medical device company Rapid Medical raised USD50 million.
automated video platform AnyClip raised USD46 million,
security validation platform Cymulate raised USD45 million
business operation company Salto raised USD42 million
