Français
Español
English
Portuguese
After reaching a record $8.3 billion in 2019, Israeli companies have reported more than $7.6 billion in the first nine months of the pandemic year.
By ISRAEL21c Staff
Despite the worldwide Covid crisis, Israeli companies have raised a cumulative $7.6 billion thus far this year, including a record $1.1 billion in August alone, according to Start-Up Nation Central.
That puts the country on track to meet or break the record $8.3 billion raised in 2019 as reported by Tel Aviv-based research company IVC-ZAG.
Some of the biggest investment rounds in the past nine months: insure-tech company Next Insurance raised $250 million, cybersecurity firm Snyk ($200 million), fintech startup Pagaya ($102 million), digital payments company Melio ($80 million), precision oncology company NovellusDX ($57 million), facial recognition company AnyVision ($43 million), payroll platform Papaya Global ($40 million) and robotic solar panel cleaning company Ecoppia Scientific ($40 million).
While investments in seed-stage companies are indeed down during the coronavirus pandemic, funding for more established companies has continued to rise.
The first quarter of 2020 – before the pandemic hit – saw a record-breaking $2.74 billion in investments, starting off the year on an exceptionally good foot.
Some sectors are experiencing a boom specifically because of the pandemic, including fintech, healthcare, ed-tech and cybersecurity.
HELP ISRAELIS BATTLE CORONA!
Donate to the Corona Emergency Relief Fund. Coronavirus has taken a huge toll on the people of Israel. The poor, elderly and ill are most vulnerable.
Israeli soldiers, security officers and medical care providers operate under great danger and risk to life.
Over 1 million Israelis are out of work. Many cannot make ends meet. We provide financial aid, food, medical supplies and more. Funds are distributed where needed most. The time to act is now!
United with Israel extends a special note of appreciation to the Genesis Prize for their generous support.
Do You Love Israel? Make a Donation - Show Your Support!
Donate to vital charities that help protect Israeli citizens and inspire millions around the world to support Israel too!
Now more than ever, Israel needs your help to fight and win the war -- including on the battlefield of public opinion.
Antisemitism, anti-Israel bias and boycotts are out of control. Israel's enemies are inciting terror and violence against innocent Israelis and Jews around the world. Help us fight back!
