Close Menu
  • Home
  • Business News
    • Entrepreneurship
  • Investments
  • Markets
  • Opinion
  • Politics
  • Startups
    • Stock Market
  • Trending
    • Technology
  • Online Jobs

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Tech Entrepreneurship: Eliminating waste and eliminating scarcity

July 17, 2024

AI for Entrepreneurs and Small Business Owners

July 17, 2024

Young Entrepreneurs Succeed in Timor-Leste Business Plan Competition

July 17, 2024
Facebook X (Twitter) Instagram
  • Home
  • Business News
    • Entrepreneurship
  • Investments
  • Markets
  • Opinion
  • Politics
  • Startups
    • Stock Market
  • Trending
    • Technology
  • Online Jobs
Facebook X (Twitter) Instagram Pinterest
Prosper planet pulse
  • Home
  • Privacy Policy
  • About us
    • Advertise with Us
  • AFFILIATE DISCLOSURE
  • Contact
  • DMCA Policy
  • Our Authors
  • Terms of Use
  • Shop
Prosper planet pulse
Home»Startups»Wiz leads Israeli tech company to best fundraising quarter in two years
Startups

Wiz leads Israeli tech company to best fundraising quarter in two years

prosperplanetpulse.comBy prosperplanetpulse.comJune 30, 2024No Comments2 Mins Read0 Views
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


Israel’s tech industry managed to rise above the war and recorded its highest quarterly fundraising in two years. According to a preliminary Q2 2024 report by LeumiTech and IVC, funding in Q2 reached $2.9 billion across 110 funding rounds. Around 62% of the capital raised in the quarter came from six funding rounds, most of which were from cyber sector companies such as Wiz, Semperis, Island and Cyera. The most notable deal was by Wiz, which completed the largest funding round in Israeli tech history, raising $1 billion at a valuation of over $12 billion.

The positive upward trend that began in the first quarter is evident even excluding Wiz’s huge fundraising, with funding ($1.93 billion) increasing by about 19%.

Israeli startups raised $1.7 billion in the first quarter of this year, and $1.9 billion, $1.7 billion, and $1.4 billion in the fourth, third, and second quarters of 2023, respectively.

The number of funding rounds in Q2 was roughly the same as the previous quarter, marking a change in the downward trend since the beginning of 2022. On an annualized basis, the current quarter marked the first time since Q1 2022 that funding volume was as high as Q2 2023 (excluding the Wiz deal).

The number of investments by foreign investors (companies not headquartered in Israel) has increased slightly over the past six months after a dip in the fourth quarter of 2023. This positive trend continues despite the presence of Israeli investors.

Maya Eisen Zafrir, CEO of Leumitech, said: “If this volume of activity continues, the tech sector will end the year with growth compared to last year. Moreover, it is encouraging to see that a thorough investigation into the investors’ identities shows that the deal involves foreign investors who have never invested in Israel since the war began.”

IVC CEO Ben Klein added: “The second quarter ended with positive growth indicators. Activity in Israel’s hi-tech industry continued to grow modestly, which is noteworthy given the circumstances. The growing presence of foreign investors demonstrates the attractiveness of Israel’s hi-tech industry.”



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
prosperplanetpulse.com
  • Website

Related Posts

Startups

Cryptocurrency: Asian and African startups surpass US in market share!

July 14, 2024
Startups

Nitin Kamath’s vision to create more startup entrepreneurs in small towns in India

July 14, 2024
Startups

Small Japanese startup makes “Her” AI dating a reality

July 14, 2024
Startups

22 Indian startups secure over $116 million in funding this week

July 14, 2024
Startups

Small businesses are coming back – and it’s finally time

July 14, 2024
Startups

Scaling smart: How startups balance speed and quality in product iterations for growth – SME News

July 14, 2024
Add A Comment
Leave A Reply Cancel Reply

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Editor's Picks

The rule of law is more important than feelings about Trump | Opinion

July 15, 2024

OPINION | Biden needs to follow through on promise to help Tulsa victims

July 15, 2024

Opinion | Why China is off-limits to me now

July 15, 2024

Opinion | Fast food chains’ value menu wars benefit consumers

July 15, 2024
Latest Posts

ATLANTIC-ACM Announces 2024 U.S. Business Connectivity Service Provider Excellence Awards

July 10, 2024

Costco’s hourly workers will get a pay raise. Read the CEO memo.

July 10, 2024

Why a Rockland restaurant closed after 48 years

July 10, 2024

Stay Connected

Twitter Linkedin-in Instagram Facebook-f Youtube

Subscribe