Israeli tech firms raise record USD 5.4 Billion in Q1 2021
Categories: Hi-Tech, Investment Funds
Israeli tech firms have raised a massive USD 5.4 Billion in 172 fundraising deals in the first quarter of the year, the highest ever for a quarter, and double the amount they raised in the same quarter a year ago, new data by IVC Research Center and Meitar Law Offices shows.
The quarterly amount was 89% higher than the funds raised in Q4 2020, USD 2.84 Billion, and was mostly due to 20 deals that raised in excess of USD 100 million each, for a total of USD 2.96 Billion, in the first quarter of this year.
Venture capital firms accounted for 78% of all the investment deals in the quarter, marking the highest rate in a decade.
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