Israeli High Tech Raises Record 119bn First Half 2021
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October 12, 2021
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Key takeaways
- Israeli tech sector hits a record with $11.9B raised in H1 2021, outpacing 2020's total.
- Major funding in cybersecurity & fintech; 38 deals over $100M each.
- 48 tech companies went public, most IPOs in Tel Aviv, higher valuations in US.
An article by Reuters:
Israeli high-tech companies set a new record by raising $11.9 billion in the first half of 2021, exceeding the total funds raised in 2020. This surge was driven by a significant number of firms going public, primarily in cybersecurity and fintech sectors.
The period witnessed 48 initial public offerings (IPOs) by Israeli tech firms, with most listings in Tel Aviv but higher valuations achieved in the U.S. markets. This achievement marks a notable increase in global confidence in Israeli high-tech ventures.