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IATI - Israel Advanced Technology Industries
IATI - Israel Advanced Technology Industries
IATI News & Events Daily Industry News Israeli startups raised record $1.4b in Q2

Israeli startups raised record $1.4b in Q2

Jul. 5, 2016

An examination by "Globes" found that Israeli companies raised an all-time record $1.4 billion in the second quarter of the year, compared with $1 billion in the first quarter (according to "Globes" figures) and $1.1 billion in the second quarter of 2015. The figures for the second quarter of 2016 include a $300 million investment in Israeli company Gett (formerly GetTaxi) by Volkswagen. This extraordinarily large investment was not strictly speaking a venture capital investment, and if subtracted it provides a slightly more precise picture of venture capital investments in Israeli technology companies.

Even after this investment is subtracted, however, the figures still show no real slowdown: $1.1 billion is similar to the first quarter of 2016 and almost identical to the second quarter of 2015, thereby maintaining the record pace. $2.4 billion was raised in the first half of 2016, compared with $2.1 billion in the corresponding period last year.

Click for the full Globes item.

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