IVC Research Center and law firm Meitar published a report which highlighted the record breaking 2021 for Israeli tech startups. “Israeli tech companies have now raised $17.5 billion in the first nine months of 2021, already far above the record $10 billion raised in all of 2020.[i]” According to GLOBES below are some of the companies that raised some of the most sizable investments out of a total of 575 deals since the beginning of the year[ii]:
Snyk (cyber security) – $530 Million
Papaya Global (payroll, payments, and workforce management) – $250 Million
Melio (accounts payable tool) – $250 million
Lightricks (video editing) – $130 million
Streamelements (live streaming platform) – $100 million
Totango (customer success platform) – $100 million
Versatile (construction tech) – $80 million
Optimove (CRM marketing) – $75 million
NoCamels.com article highlighted that the “amounts raised by cybersecurity, fintech, food tech and IoT companies peaked in the first quarter of 2021, with the number of deals in these verticals declining in the third quarter.”[iii] The cybersecurity companies generated the most investments in 2021 so far, with more than $4.5 billion in funding followed by fintech firms with $4.4 billion.[iv] “IoT startups raised over $2 billion in Q1-Q3, and food tech outfits nabbed $480 million so far.”[v] “We see the continued effect of Covid-19 on our lives. The technology sector accelerated with the world digitizing and transitioning to cloud in all areas, and along with the increased demand for cyber solutions” said Adv. Shira Azran, a partner in Meitar Law Offices.[vi]
The IVC report also indicated, “In Q1–Q3 of 2021, 65 Israeli high-tech companies went public on capital markets with a total amount of $9.78 billion, “a 225% increase in number and a 506% increase in capital from 2020’s annual figures, their overall post-valuation reached $76.4 billion.”[vii]
“Indeed, foreign investors increased their funding in Israeli companies gradually after a slight decrease in participation in the last two quarters of 2020. Foreign investors poured in over $12 billion in Israeli firms so far in 2021, with Israeli investors accounting for the rest.”[viii]
Jon Medved, CEO of investment firm OurCrowd said “these impressive funding numbers are yet more evidence that the transition from ‘Startup Nation’ to scale-up nation is well underway.”[ix]
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[i] https://en.globes.co.il/en/article-israeli-startups-raised-over-22b-in-september-1001385850
[ii] https://nocamels.com/2021/10/israel-startups-quarters-billion-ivc/
[iii] https://nocamels.com/2021/10/israel-startups-quarters-billion-ivc/
[iv] https://www.timesofisrael.com/israeli-tech-firms-raise-staggering-17-8b-this-year-almost-double-2020-total/
[v] https://www.timesofisrael.com/israeli-tech-firms-raise-staggering-17-8b-this-year-almost-double-2020-total/
[vi] https://nocamels.com/2021/10/israel-startups-quarters-billion-ivc/
[vii] https://www.timesofisrael.com/israeli-tech-firms-raise-staggering-17-8b-this-year-almost-double-2020-total/
[viii] https://www.timesofisrael.com/israeli-tech-firms-raise-staggering-17-8b-this-year-almost-double-2020-total/
[ix] https://www.timesofisrael.com/israeli-tech-firms-raise-staggering-17-8b-this-year-almost-double-2020-total/
