Impressive Resilience: Israeli Startups Secure $3.1 Billion Despite Ongoing Conflict

Monday, 1 April 2024, 13:51
Despite the conflict with Hamas, Israeli high-tech startups continue to attract investments, with over $3.1 billion raised since the war began on Oct 7. The report by Startup Nation Central highlights the resilience of the startup ecosystem, particularly in the security technology sector. Notably, Next Insurance secured the largest investment of $265 million from foreign venture capital funds.
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Impressive Resilience: Israeli Startups Secure $3.1 Billion Despite Ongoing Conflict

Israeli High-Tech Startups Fundraising Amid Conflict

Israeli high-tech startups are defying odds and attracting investments despite the ongoing conflict with Hamas. Since the war started on Oct 7, these startups have raised a total of $3.1 billion through 220 private investment rounds.

Security Technology Firms Dominate Funding

Security technology firms have emerged as the top beneficiaries, securing one-third of the total funds raised by Israeli startups during this period.

Next Insurance stands out by raising a remarkable $265 million, making it the highest-funded company with backing from foreign venture capital funds.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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