Categories: Economy

Israeli Startups Witness Surge in Capital Raising Activity in First Quarter of 2024

In the first quarter of 2024, Israeli startup companies saw a surge in capital raising activity, with 105 rounds completed. This represents a 34% increase from the previous quarter and the first increase since 2022. A total of $1.6 billion was raised, which is a 10% increase from the previous quarter but a 10% decrease from the first quarter of 2023.

The cybersecurity sector continued to be a major driver of funding, accounting for more than 40% of all funds raised. Six companies were able to raise more than $100 million each during this period, indicating that there is still significant demand for investments in Israeli startups.

Economics firm IVC has preliminary data suggesting that Israeli startup companies are seeing positive trends in capital raising in the first quarter of 2024. Despite fluctuations in funding amounts, there was a significant increase in the number of capital rounds completed, indicating that investors are continuing to show confidence in Israeli startups as they embark on their journey towards growth and success.

Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

Share
Published by
Samantha Jones

Recent Posts

Economic Contrasts: Navigating Challenges in the US and China

The United States economy has been performing well, with a strong labor market, high levels…

47 mins ago

Devastating Blow for Cleveland Cavaliers: All-Star Donovan Mitchell Out of Game 4 due to Injury

The Cleveland Cavaliers have suffered a major blow in their quest to overcome the Boston…

49 mins ago

Episode 12: Unpredictable NBA Conference Semifinals Matchups and a Surprising Draft Analyst Take

In the latest episode of Ball Don’t Lie with Yahoo Sports senior NBA reporters Vincent…

54 mins ago

Israeli Veteran and Humanitarian Missing in Peru: Tragedy Brings Community Together

The Ministry of Foreign Affairs reported that the body of a 26-year-old Israeli youth was…

57 mins ago

China Secures Five Additional Investments in Iraq’s Oil and Gas Sector with 200,000 Barrels of Production Potential

On Sunday, the Iraqi Ministry of Oil announced that it has signed a principles agreement…

59 mins ago

Trump’s Cover-up Scheme Exposed: Michael Cohen Reveals Alleged Affairs and Election Manipulation

In the ongoing criminal trial in New York, former lawyer and confidante of Donald Trump,…

1 hour ago