Capital Raised by Israeli Tech Companies Hits Six-Year Record in 2018

Israeli tech companies raised a total of $6.47 billion across 623 funding deals in 2018, according to a new report published Monday by Tel Aviv-based market research firm IVC Research Center Ltd. and Israeli law firm Zysman, Aharoni, Gayer and Sullivan & Worcester LLP. According to the report, this is the highest sum raised in the past six years. 2017 saw $5.52 billion raised by Israeli tech companies across 661 deals. According to the report, 100 Israeli tech companies each raised more than $20 million in 2018, accounting for $4.1 billion in funding.