Startup funding drops 62% year-on-year but late stage capita raising shows resilience
Start-up funding drops 62% year-on-year but there is an 11% increase from Q1, providing reasons for optimism.
The reports for the second quarter of 2023 presents a complex and ambiguous picture regarding the current state of the Israeli high-tech industry.
The most surprising data reveal signs of a recovery in raising capital for startup companies, particularly in later stages, while a decrease was observed in the early stages.
However, contrary to expectations that 2023 would be a year of mergers and acquisitions due to startups running out of financing, the numbers actually reveal a six-year low in this sector. Furthermore, there are no surprises in two areas: the almost complete absence of new unicorns and the lack of technology company IPOs.
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