Israeli tech companies raised US$8.6 billion in the first five months of 2021, fast approaching the record US$10 billion raised in all of 2020.
Israeli startups raised nearly US$2 billion in May 2021, according to press releases from the companies and their investors. The figure may be more as some companies prefer to remain in stealth and sometimes do not publicize the investments they have received. Israeli startups just fell short of raising US$2 billion in May after raising US$2.2 billion in April and a record US$2.8 billion in March, the Globes reports.
Israeli tech companies raised US$5.4 billion in the first three months of 2021, according to IVC, and have now raised US$8.6 billion since the start of the year, fast approaching the record US$10 billion raised in all of 2020.
In May, e-commerce fraud prevention company Forter led the way, raising US$300 million, at a company valuation of US$3 billion. Financial management platform HoneyBook raised US$155 million, at a company valuation of US$1.1 billion, and fintech company Sunbit raised US$130 million, also at a company valuation of US$1.1 billion. Cybersecurity company Wiz raised US$120 million.
Other major financing rounds included data storage company Vast Data, which raised US$83 million, data science platform Explorium, which raised US$75 million, API security company Salt Security, which raised US$70 million, and gift platform Snappy, which raised US$70 million. Digital health company Vim raised US$60 million, fintech startup Lili raised US$55 million, invoice management software company Stampli raised US$50 million, and medical device company Rapid Medical raised $50 million. Automated video platform AnyClip raised US$46 million, security validation platform Cymulate raised US$45 million and business operation company Salto raised US$42 million.
