Israeli Startups Secure $1.6 Billion in Capital Rounds, Marking a 34% Increase from Last Quarter and a Return to Growth Since 2022

Israeli startup companies raised $1.6 billion in capital during the first quarter of 2024, representing a 34% increase from the previous quarter and a 10% decrease from the same period in 2023. This marks the first quarter since 2022 to see an increase in capital rounds.

The cybersecurity sector accounted for more than 40% of all funds raised, with six companies raising more than $100 million each during this period. The number of seed and first rounds of capital raising increased by 48%, indicating that startups at the beginning of their journey are attracting more investment.

Preliminary data from economics firm IVC indicates a positive trend for Israeli startup companies in terms of capital raising in the first quarter of 2024. Despite fluctuations in funding amounts, there was a significant increase in the number of capital rounds completed, reflecting a strong start for the year in terms of investment and growth.