Start-Up Nation Central (SNC) reports today that privately owned Israeli tech companies raised $12.2 billion in 2024, up 31% from 2023. Of that number, $10.6 billion was officially reported by companies that raised funds , while there was an additional $1.6 billion in deals that had not yet been reported.
The report also indicates a change in investment patterns. While there was only moderate investment in the market in 2023, 2024 saw the return of mega financing rounds, totaling $4 billion, representing 41% of the total capital raised, compared to only nine financing rounds totaling $2 billion in 2023. The average funding round amount in 2024 was $8 million, indicating that early-stage companies continue to raise money regularly.
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Israeli cybersecurity companies, which represent 7% of all technology companies in Israel, raised $3.8 billion last year – about a third (36%) of all investments in the technology sector. Funding volume in the cybersecurity sector has increased by 90%, with the average funding round reaching $18 million, which is higher than the overall industry average.
The report also notes that while the Israeli economy contracted by 1.5% in the first nine months of 2024, the technology sector’s GDP grew by 2.2%. “Trends in the US continue to be the most influential factor in the Israeli tech ecosystem,” Avi Hasson, CEO of Start-Up Nation Central, said in the report. He added: “Stability in the American market contributes to the recovery we are witnessing.”
Published by Globes, Israel Business News – en.globes.co.il – on January 14, 2025.
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