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Home Economy Business & Finance

Israeli startups raise more than $1 billion in September

Israeli companies are on track to beat last year's record-breaking figure of $6.4 billion, according to report by business daily Globes.

by  JNS and Israel Hayom Staff
Published on  10-03-2019 08:29
Last modified: 10-15-2019 13:57
Israeli startups raise more than $1 billion in SeptemberGideon Markowicz
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Israeli startups raised $5.9 billion so far in 2019 and are on track to pass last year's record-breaking figure of $6.4 billion, the Israeli business daily Globes reported on Wednesday.

Based on press releases from Israeli companies that have completed financing rounds, more than $1 billion was raised in September alone.

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However, the true figure is likely even higher, as some companies do not reveal investment data, according to the report.

Israeli tech companies raised $650 million in July and $350 million in August, according to the IVC Research Center.

In September, credit company Fundbox raised $326 million, fintech firm Tipalti raised $76 million and open security platform Snyk raised $70 million. In addition, drone defense company D-Fend raised $28 million, and 3D-printing company Xjet raised $45 million.

Reprinted with permission from JNS.org.

Tags: fundingIsraelStart-up NationStartupVenture Capital

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