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The lower amount in August reflects a recent trend of higher amounts being raised by private tech companies in Israel.
Israeli startups raised just $200 million in August 2024, according to reports and press releases seen by Globes. The number could be higher as some companies prefer to remain secretive and sometimes don’t announce the investments they’ve received. The lower August amount reflects a recent trend of privately held tech companies in Israel raising higher amounts.
Israeli startups have now raised $5.4 billion in the first eight months of 2024. Private Israeli tech companies raised $4.5 billion in the first half of 2024, according to IVC-LeumiTech, marking a recovery from 2023 when $6.9 billion was raised in the full year, after raising $15 billion in 2022 and a record $25.6 billion raised in 2021.
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In August 2024, the largest funding rounds were completed by AI market research firm Placer.ai, which raised $75 million, while on-chain risk management firm Chaos Labs raised $55 million.
This article was published in Globes, Israeli Business News – en.globes.co.il – on September 1, 2024.
© Copyright Globes Publisher Itonut (1983) Ltd., 2024.
Collecting Credit Dollars: Shutterstock