Israeli tech companies shatter 2020 fundraising record in under six months, raising $10.5 billion
According to data compiled by Start-Up Nation Central, 2021 has already also set a record for the number of investments in Israeli startups of over $100 million, with 30 having been completed so far compared to 21 mega-rounds throughout all of 2020
Meir Orbach | 14:17 09.06.2021
The Israeli hi-tech sector can't stop breaking records. According to data compiled by Start-Up Nation Central, Israel’s innovation technology sector broke a new capital funding record this week, reaching a total of $10.5 billion raised since the start of the year. In doing so, it matched the total raised throughout the whole of 2020, which was itself a record year, in less than half the time. The past week alone included massive funding rounds by the likes of Gong ($250 million) and Verbit ($157 million). According to the data, the significant rise in investments focused on the more advanced stages, with most of the capital (64%) invested in rounds C or later. 2021 has already set a record for the number of mega-rounds (investments of over $100 million) raised, with 30 having been completed so far compared to 21 mega-rounds throughout all of 2020. These rounds represent 53% of all capital raised, and for the first time, they account for more than half of the total funds invested.