Israel’s tech sector broke a new capital-funding record this week, with firms raising a total of $10.5 billion since the start of the year, matching

Israeli tech raises whopping $10.5 billion this year, topping 2020 record total

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2021-06-09 19:00:06

Israel’s tech sector broke a new capital-funding record this week, with firms raising a total of $10.5 billion since the start of the year, matching the total raised in the whole of 2020, a record year, in less than half the time.

The increase in investments in Israeli tech companies, mostly from foreign investors, is even more pronounced when compared with investment performance worldwide.

While Israel recorded an increase of 137% for the first five months of 2021, compared to the first five months of 2020, according to SNC data, the increase globally was only 89%. Europe recorded a 123% jump over the same period, while the US saw an increase of 91% and Asia saw an increase of 69%, according to data compiled by PitchBook.

“The record funding in 2021 indicates that the growth in 2020 was not a short-term Covid-related boost but reflects top investors’ increasing trust in the Israeli innovation ecosystem,” said Uri Gabai, the incoming CEO of Start-Up Nation Central’s new Research and Policy Institute, in a statement.

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