Israeli technology, software, medical innovations earned $6.47 billion in 2018
Israel, the “Startup Nation,” raised a whopping $6.47 billion in 623 technology deals in 2018, according to a new report by IVC Research Center.
A man uses Virtual Reality glasses as start-up groups showcase their products at the Innovation Lab event at the Tower of David Museum in Jerusalem’s Old City, on Oct. 17, 2017. Photo by Hadas Parush/Flash90.
Data shows that $4.1 billion of the funds were raised by 100 firms in deals exceeding $20 million apiece, with 538 firms raising funds below $5 million each.
The tech sector earned 950 million more than in 2017 when 661 deals yielded $5.52 billion, and $1.37 billion more than in 2016.
Since 2013, annual high-tech funding has risen by approximately 120 per cent.
According to the report, the number of deals below $5 million continued to increase, while deals over $20 million continued to grow, representing some 63 per cent of funds raised in 2018.
Of the 2018 deals, $4.7 billions-worth were backed by venture capitalists.
The five biggest deals of the year were sealed by Landa Digital Printing at $300 million, Jfrog at $165 million, Insightec at $150 million, Trax at $125 million and eToro at $100 million.
The software sector increased by more than 50 per cent since 2015, with life sciences, primarily medical devices, remaining stable.
