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Home Economy Business & Finance

Israeli startups raise record $8B in 2019

Having secured some $6.4 billion in the first nine months of 2019, Israeli startups went on to raise roughly $2.05 billion in the fourth quarter of 2019.

by  Israel Hayom Staff
Published on  01-02-2020 09:52
Last modified: 01-03-2020 12:16
Israeli startups raise record $8B in 2019Reuters

Israeli startups outperformed 2018, when they raised a record $6.4 billion | Illustration: Reuters

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Israeli startups have raised $8.19 billion throughout 2019, besting the record $6.4 billion noted the year before, financial daily Globes reported Wednesday.

Having secured some $6.14 billion in the first nine months of 2019, Israeli startups went on to raise roughly  $2.05 billion in the fourth quarter of 2019 – $800 million in October, $900 million in November, and $350 million in December, the report said.

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Web-based services navigation company WalkMe led the way in December with a $90 million financing round and revenue intelligence company Gong.io raised $65 million.

The 4D imaging radar developer Arbe Robotics raised $32 million, HR startup Gloat raised $25 million, and fat disorders drug developer Raziel Therapeutics raised $22 million, the report noted.

Tags: IsraelStartup

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