Israeli tech continues to break records, raising $17.8 billion in first nine months of 2021
Local tech companies have already raised 71% more than in all of 2020, while exits also skyrocketed, reaching $18.92 billion in the first three quarters, almost doubling last year’s total
Meir Orbach | 06:49 13.10.2021
Israel's tech sector is continuing to grow at an unprecedented rate, according to the latest Israeli Tech Review report released on Wednesday by research company IVC together with the Meitar law firm. Over the first nine months of the year, Israeli tech companies raised $17.78 billion in 575 rounds, an increase of 71% on the amount raised throughout all of 2020. This was in large part due to some 53 rounds of over $100 million each, totaling $9 billion, or 51% of the total raised in the first three quarters of the year. In Q3 alone, Israeli companies raised $5.9 billion in 177 deals – an apparent increase from the quarterly $2.3 billion average raised in the two previous years. Cybersecurity companies brought in $1.5 billion, while fintech firms accounted for $1 billion. Foriegn investors were responsible for $4.3 billion of the investments made in the third quarter. There were 15 rounds of over $100 million in Q3 compared to just four during the same period last year. The third quarter also saw 35 rounds of at least $50 million compared to only nine in Q3 2020.