(February 4, 2021 / Israel21c) Following a record-breaking year that saw some $10 billion of investment flowing to Israeli companies, the reported amount of funds raised in January exceeded $1.2 billion, the highest-ever amount for a single month.
The highest reported number was $300 million by Rapyd, which embeds fintech services into apps, in a Series D round. Rapyd, now valued at $2.5 billion, is one of five unicorns—privately held companies worth at least $1 billion—that raised the majority of the January funds reported. (Israel has more unicorns per capita than any other nation.)
OwnBackup, which eliminates data downtime through automated backups and fast recovery, raised $167.5 million and is valued at $1.4 billion.
Melio, which enables small businesses to pay vendors and contractors via free bank transfer or credit card, raised $110 million to expand across the United States. It is now valued at $1.335 billion.
DriveNets, a networking software company, raised $208 million in a Series B funding round that brings its valuation to more than $1 billion. AT&T, one of the largest networks in the world, uses DriveNets Network Cloud as its core routing solution.
K Health, a telemedicine platform, raised $132 million in a Series E round at a valuation of $1.4 billion.
This article was first published at Israel21c.
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