In the first quarter of 2024, Israeli startup companies completed 105 rounds of capital raising, marking a significant increase from the previous quarter. This is the first time since 2022 that we have seen an increase in capital rounds. A total of $1.6 billion was raised, which is a 10% decrease from the first quarter of 2023 but a 10% increase from the previous quarter.
The cybersecurity sector led the way in terms of funding, with more than 40% of all funds raised coming from this sector. The number of seed and first rounds of capital raising also increased by 48%, indicating that startups at the beginning of their journey are gaining more traction in Israel’s startup ecosystem.
Six companies were able to raise more than $100 million each during this period, which is a testament to the growing strength and potential of these companies. IVC’s preliminary data suggests that there could be even more exciting developments for Israeli startup companies in terms of capital raising in the coming months and years. As such, it seems that Israel’s startup ecosystem is well-positioned to continue its rapid growth and success in the years ahead.
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