IVC-LeumiTech: Despite war startup raising up 32%

Despite the war, investments in Israeli startups in the first nine months of 2024 reached $7.22 billion, up 32% from the first nine months of 2023, IVC-LeumiTech reported in its quarterly survey.

There is a certain upward bias in the data due to IVC’s identification of Safe Superintelligence (SSI) as an Israeli company. The company raised $1 billion last quarter based on a company valuation of $5 billion, and since its founders are former Israelis who are setting up a branch of the company in Tel Aviv, the secure AI developer boosted total investments in Israeli companies by $1 billion.

However, when taking large funding rounds of more than $100 million from the numbers, investments in startups in the third quarter of 2024 amounted to $1.33 billion, 5% higher than in the corresponding quarter of 2023.

In the third quarter of 2024, Israeli startups and growth companies raised $2.43 billion in 99 funding rounds, 40% more than the corresponding quarter of 2023, although 41% of the amount raised in the third quarter of this year was from During the State Security Investigations.

However, the amount raised in the third quarter and the number of financing rounds decreased by 20% and 17%, respectively, from the previous quarter.

Published by Globes, Israel Business News – en.globes.co.il – on September 30, 2024.

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