Israeli Hi Tech JUL 2, 2024

Israeli tech firms raise $2.9b in second quarter

Figures show that the sector has weathered the storm of Oct. 7 and the ensuing war.

Israeli tech companies raised $2.9 billion in the second quarter of 2024, according to a joint report by data-source company IVC Data and Insights and LeumiTech, which specializes in banking for high-tech firms.

The amount is is the most raised by Israeli tech firms since the second quarter of 2022 when $5 billion was raised, Israeli business site Globes reported.

Funds raised in the second quarter of this year were 47% higher than the corresponding quarter of 2023 and 78% higher than first quarter of this year ($1.62 billion), according to the report.

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#Israeli Hi-Tech #Israeli Economy #Business

Comments

[Anonymous] 20:25 02.07.2024 a year ago

Question - If I were to invest in an Israeli Tech/Cyber/Defense stock, which should I research??

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