In the first quarter of 2024, Israeli startup companies completed a total of 105 rounds of capital raising, marking a 34% increase from the previous quarter. This was the first quarter since 2022 to see an increase in capital rounds. A total of $1.6 billion was raised during this period, which represents a 10% increase from the previous quarter but a 10% decrease from the first quarter of 2023.
The data shows that seed and first rounds of capital raising, which are typically for startups at the beginning of their journey, increased by 48% in the first quarter of 2024. Six companies were able to raise more than $100 million each during this period. Over 40% of all funds raised came from the cybersecurity sector, which is a positive trend for this industry.
According to preliminary data from economics firm IVC, Israeli startup companies saw a positive trend 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, indicating a strong start for the year in terms of investment and growth. This positive trend is likely to continue as more investors recognize the potential for growth and innovation within Israeli startup companies.
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