In the first quarter of 2024, Israeli startup companies completed a total of 105 rounds of capital raising, marking a 34% increase from the previous quarter and the first increase since 2022. Despite fluctuations in funding amounts, there was a significant increase in the number of capital rounds completed.
A total of $1.6 billion was raised during this period, which represents a 10% decrease from the first quarter of 2023 but a 10% increase from the previous quarter. The cybersecurity sector accounted for more than 40% of all funds raised.
Six companies were able to raise more than $100 million each during this period, indicating that seed and first rounds of capital raising have increased by 48%. This positive trend is reflected in preliminary data from economics firm IVC, which indicates that Israeli startup companies are experiencing growth in terms of capital raising in the first quarter of 2024. Overall, this marks a strong start for investment and growth in Israel’s startup scene.
