04.Jan .2023 16:17

Israeli startups raised over $500m in December

Israeli startups raised over $500m in December
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Israeli startups raised over $500 million in December 2022. The figure may be more as some companies prefer to remain in stealth and sometimes do not publicize the investments they have received.

Israeli privately-held tech companies raised a record $25.6 billion in 2021, according to IVC, more than double 2020's figure of $10 billion, which was itself a record. Israeli startups raised $13.5 billion in the first nine months of 2022, according to IVC, so although well off the pace of last year's record, startups have already raised nearly 50% more than in all of 2020. Israeli startups have raised an estimated $15.3 billion in 2022 - $10.9 billion in the first half of the year, according to IVC, and an estimated $4.4 billion in the second half of the year.

The low figure for December is more evidence of the slowdown in the global tech industry, and was even lower than the $700 million raised in October, when there was a fewer number of work days due to the holidays, and $600 million raised in November.

In December, the major financing rounds that were completed were led by cybersecurity company Snyk, which raised $196.5 million. Metabolism measurement device company Lumen raised $62 million, and precision pollination company Beehero raised $42 million. Plant protein company Equinom raised $35 million, AI inferencing platform Neureality raised $35 million and image editing company Imagen raised $30 million, Globes reports.