Israeli start-ups raised $5.9b. in the third quarter

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Israel’s hi-tech sector is showing no signs of slowing down. From July through September, Israeli hi-tech companies raised a whopping $5.89 billion in 177 deals, IVC and the Meitar law firm said in a report Wednesday.

That was the second-highest quarterly total ever, after companies raised $6.5b. in the preceding quarter of 2021.

In total, Israeli companies have raised an incredible  $17.78b. in the first nine months of the year, already 71% higher than the total raised in all of 2020.

Twenty of the deals done in the third quarter were mega-rounds exceeding $100 million, and comprised 55% of the total amount raised. Some 51% of the fundraising done so far in 2021 has come from such mega-rounds.

Israeli start-ups have also seen a record number of exits, with 180 transactions worth $18.9b. in the first three quarters of the year. That’s 225% more deals and 506% more money raised than for all of 2020. Of those, 65 were hi-tech companies…

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