Israel’s Startup Community Shines in First Quarter of 2024 with $1.6 Billion in Capital Raising

The first quarter of 2024 saw a surge in capital raising activities among Israeli startup companies, with a total of $1.6 billion mobilized, representing a 10% increase from the previous quarter, as reported by economic firm IVC. This marked the first increase in capital rounds since 2022 and was 10% lower than the first quarter of 2023.

Seed and first rounds of capital raising, which typically involve startups at the beginning of their journey, saw a 48% increase in this quarter. Notably, more than 40% of all funds raised came from the cybersecurity sector, underscoring the importance of this industry in Israel’s innovation landscape.

Six companies raised more than $100 million each during this period, demonstrating continued interest and investment in the Israeli startup ecosystem. The increase in capital raising activities reflects the resilience and growth potential of Israel’s startup community, positioning it as a key player in the global technology landscape.