Israeli startups raised $550m in May

Published date01 June 2023
AuthorGlobes correspondent
Publication titleGlobes (Rishon LeZion, Israel)
Investment in Israeli privately-held tech companies slowed to just $1.7 billion in the first quarter of 2023, Start-Up Nation Policy Institute (SPNI) reports. Investment in Israeli privately-held tech companies amounted to just $2.7 billion in the first five months of 2023. Israeli privately-held tech companies raised $15 billion in 2022, according to IVC-Leumitech, after raising a record $25.6 billion in 2021, more than double 2020's figure of $10 billion, which was itself a record. At the current rate, Israeli startups are unlikely to raise more than $7 billion this year

Last year Israeli startups raised $10.9 billion in the first half of the year and just $4.1 billion in the second half of the year, as the sharp falls on Nasdaq effected the valuations of growth companies. The amount...

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