Israeli startup companies succeeded in raising a whopping $12.2 billion in 2024, according to Start-Up Nation Central (SNC). This constituted a 31% increase in raised capital compared to 2023.
The report also revealed that 2024 marked a return to large-scale investments compared to more modest investments during the preceding year. Approximately 15 large business deals in 2024 generated around $4 billion in the Israeli tech sector.
The result is impressive as Israeli startups succeeded in accumulating larger amounts during a difficult wartime than startups in most countries raise during a more favorable peace time. Israeli cybersecurity startups, which constitute 7% of all local high-tech businesses, succeeded in accumulating $3.8 billion or approximately one third of the total capital.
Start-Up Nation Central is an organization that focuses on strengthening the Israeli tech sector. While the Israeli tech industry only employs around 10% of the total Israeli workforce, it constitutes a critical engine in the local economy and generates over half of Israel’s total annual export earnings.
Startup Nation Central CEO Avi Hasson praised the resilience and adaptability of the Israeli tech sector in such challenging times.
No comments:
Post a Comment