Israeli startups raised nearly $700 million in July, according to press releases issued by tech companies. The figure may be more as some companies prefer to remain in stealth and not to publicize the investments they have received.
After raising a record $8.3 billion in 2019, according to IVC-ZAG, which easily surpassed the record $6.4 billion raised by Israeli tech companies in 2018 and $5.24 billion in 2017, 2020 began strongly with $5.25 billion raised in the first half of 2020. Thus the $700 million raised in July brings the total for the first seven months of the year to almost $6 billion, well on course to surpass last year's record amount, despite the Covid-19 crisis. In some instances, financing rounds by tech companies that facilitate remote working and healthcare and cybersecurity, have been boosted rather than hampered by the pandemic.
Image by 401(K) 2012
