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Israeli startups raised $1.6 billion in 105 financing rounds within the first quarter of 2024, up 10% from the previous quarter of 2023 however down 10% from the corresponding quarter of 2023, IVC-LeumiTech experiences in its Tech Evaluation.
The variety of financing rounds has been persistently falling because the begin of 2022 however displays a 34% rise from the fourth quarter of 2023. The report discovered that the variety of seed and Collection A financing rounds accomplished within the first quarter of 2024 jumped to 80, up 40% from the previous quarter. Earlier rounds represented 77% of the general variety of financing rounds within the first quarter, which is considerably increased in contrast with the typical of those rounds out of complete financing rounds in earlier quarters.
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Preliminary information additionally point out that the involvement of international buyers within the first quarter of 2024 elevated in contrast with the earlier quarter, whereas the downward development in participation by native buyers additionally ended within the first quarter of this yr.
Cybersecurity corporations raised $620 million
IVC Knowledge and Insights CEO Ben Klein stated, « After three consecutive quarters wherein there was falls recorded within the quantity and quantity of financing rounds raised by Israeli tech corporations, the information for the primary quarter of 2024 surprises for the great. Regardless of the harm to the economic system and the nation, evaluation of the information signifies stabilization and enchancment, even when solely modest, in a lot of the monetary parameters of Israeli tech. »
As well as, in keeping with the preliminary figures, there have been six big offers within the first quarter of 2024, with ‘big’ outlined as above $100 million, representing 47% of all the cash raised within the quarter. Most of those big offers had been in cybersecurity. In these big financing rounds $752 million was raised within the first quarter of which $620 million was raised by cybersecurity corporations, representing 38% of the general quantity raised.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on March 28, 2024.
© Copyright of Globes Writer Itonut (1983) Ltd., 2024.
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