Israeli startups raised $ 2.8 billion in November

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Israeli tech companies have raised $ 23.6 billion in the first eleven months of 2021, more than double the record $ 10 billion raised in 2020.

Israeli startups raised $ 2.8 billion in November 2021, according to press releases from the companies. The figure may be higher because some companies prefer to remain discreet and sometimes do not publish the investments they have received. Private Israeli tech companies have raised more than $ 2 billion in eight of the past nine months and a record $ 3 billion in October.

Israeli tech companies raised $ 17.8 billion in the first nine months of 2021, according to IVC-Meitar. Figures for October and November bring the amount raised this year to $ 23.6 billion, more than double the $ 10 billion figure from last year, which was itself a record.

In November, the main round tables that were completed were led by the cybersecurity company Armis, which raised $ 300 million. Transcription and captioning company Voice AI Verbit and small business platform HoneyBook each raised $ 250 million and B2B contact data company Lusha raised $ 205 million. Media readership engagement platform OpenWeb raised $ 150 million, micro-transportation company Via Transportation raised $ 130 million, and automotive tech company Autobrains raised $ 101 million.

Other big fundraising rounds in November saw digital employment management firm ControlUp and fintech firm Fundbox each raise $ 100 million. Games company Overwolf raised $ 75 million, sensor solutions company TriEye raised $ 74 million, and coworking company Mindspace raised $ 72 million. Chargeback mitigation firm Justt raised $ 70 million, security firm DevOps CyCode raised $ 56 million, codeless platform EasySend raised $ 55 million, and cybersecurity firm SafeBreach raised $ 53.5 million. Fintech firm 8fig and blockchain scaling firm Starkware have each raised $ 50 million.

Posted by Globes, Israel business news – en.globes.co.il – December 1, 2021.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2021.


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