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.
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