Over Five Years, 3,307 Israeli Startups Went Belly Up
The now-defunct companies raised nearly $4 billion between them, almost a quarter of which was raised by once ambitious electric car company Better Place
Adi Pick and Hagar Ravet | 15:09 24.12.2018
3,307 Israeli high-tech companies ceased to operate between 2012 and 2017, according to a new report by Israel-based market research firm IVC Research Center Ltd. A total of $3.79 billion was raised by these companies prior to their closure, amounting to $632 million per year on average since 2012. Approximately two-thirds, or $2.53 billion of the total sum invested in these companies, was raised by companies in the initial revenue stage.
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There are currently 8,360 active Israeli tech companies, according to the report. On average, Israeli startups have raised a combined $4.43 billion each year since 2013.