Israeli Hi Tech JNS - Jewish News Syndicate 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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