Israeli tech firms raise highest quarterly amount since 2013

By July 18 2019, 11:34 Latest News No Comments

High techIsraeli high-tech companies raised $2.32 billion (£2 billion) in 254 deals in the second quarter of 2019, the highest quarterly amount since 2013, bringing the amount raised by Israeli tech firms in the first half of the year to an all-time high.

The figures were boosted by 10 large deals of over $50 million (£45 million) each, for the quarter, which totalled $1.26 billion and accounted for 54% of the total capital raised in the second quarter of the year, a report by IVC Research Center and advocates Zysman, Aharoni, Gayer & Co (Zag-S&W) said.

The report said that venture capital-backed deals accounted for 78% of the total amount raised in the second quarter of 2019, reaching a record $1.81 billion in 73 deals.

In the first half of the year, venture capital-backed deals accounted for $3.16 billion (£2.5 billion) in 148 deals, and almost doubled the amount raised in H1/2018 — $1.86 billion (£1.5 billion) in 142 deals.

Marianna Shapira, research director at IVC Research Center, said in a statement: “Israeli high-tech companies are gaining access to a larger pool of capital for growth companies, especially from foreign investors”.

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