Investment in Israeli high-tech saw a rise in the first quarter of 2024

In the first quarter of 2024, Israeli startup companies completed 105 rounds of capital raising, representing a 34% increase from the previous quarter, as reported by economic firm IVC. This quarter marked the first increase in capital rounds since 2022, with a total of $1.6 billion mobilized. While this amount was 10% higher than the previous quarter, it was 10% lower than the first quarter of 2023.

The number of seed and first rounds of capital raising, which typically involve startups at the beginning of their journey, saw a 48% increase. Additionally, six companies raised more than $100 million each, demonstrating continued interest and investment in the Israeli startup ecosystem. Notably, more than 40% of all funds raised came from the cybersecurity sector, highlighting the importance of this industry in the country’s innovation landscape.

Israel has long been known for its thriving startup ecosystem, with companies across various sectors attracting investments and driving innovation. The increase in capital raising activities in the first quarter of 2024 reflects the resilience and growth potential of Israel’s startup community, positioning it as a key player in the global technology landscape.