(October 3, 2022 / JNS) Israeli companies raised $800 million dollars in September and $13.5 billion since the start of 2022, Israeli business daily Globes reported on Sunday.
The report added that the figures may be higher since some companies do not publicize their investment figures.
Citing figures from the Israeli Venture Capital (IVC) business data center, the report said that local privately-held tech companies raised a record $25.6 billion in 2021—more than double the $10 billion raised in 2020.
Israeli entrepreneurs raised $10.9 billion in the first half of 2022, according to the Globes report. This includes $1.1 billion raised in August alone. Despite falling short of last year’s record, the companies have already raised more capital than in all of 2020.
The major fundraising rounds that were completed in September were reportedly led by cloud optimization company Zesty, which raised $75 million.
Cymulate, a cybersecurity firm, raised $70 million; Deep Instinct, a cybersecurity company, $62 million; AccessFintech, a fintech company, $60 million; and Mesh Payments, another fintech company, also $60 million.
Carbyne, an emergency contact firm, raised $56 million, and Taranis, an artificial-intelligence-fueled agricultural intelligence startup, raised $40 million.
Jewish News Syndicate
With geographic, political and social divides growing wider, high-quality reporting and informed analysis are more important than ever to keep people connected.
Our ability to cover the most important issues in Israel and throughout the Jewish world—without the standard media bias—depends on the support of committed readers.
If you appreciate the value of our news service and recognize how JNS stands out among the competition, please click on the link and make a one-time or monthly contribution.
We appreciate your support.