SNC Report: Despite pandemic, investments in Israeli tech companies increased by 20%
Israeli companies raised $9.5 billion since the start of the year, eclipsing 2019’s $7.7 billion total, according to Start-Up Nation Central
Meir Orbach | 16:46 07.12.2020
Capital raised by Israeli startup companies is breaking records in 2020 despite the Covid-19 crisis according to a new report published Monday by Start-Up Nation Central (SNC). According to the findings of SNC researchers published on its innovation tracking platform Finder, as of the beginning of December 2020, Israeli companies raised $9.5 billion in capital, more than 20% above the 2019 total of $7.7 billion. Unlike other research companies, SNC chose to report on the results of the first 11 months of the year and not the traditional full year. “Our research department is constantly tracking the volume of innovation activity in the Israeli tech sector and communicating with dozens of international organizations in an effort to promote Israeli technology, on a daily basis. The trend of 2020 is clear, precedent-setting, and important to bring to the public, the local ecosystem, and potential partners in the business and public sectors,” SNC said.