Israeli Startups Raised Over $1 billion in September

Israeli companies are on track to beat last year’s record-breaking figure of $6.4 billion, according to Israeli media reports.

By JNS

Israeli startups raised $5.9 billion so far in 2019 and are on track to pass last year’s record-breaking figure of $6.4 billion, the Israeli business daily Globes reported on Wednesday.

Based on press releases from Israeli companies that have completed financing rounds, more than $1 billion was raised in September alone.

However, the true figure is likely even higher, as some companies do not reveal investment data, according to the report.

Israeli tech companies raised $650 million in July and $350 million in August, according to the IVC Research Center.

In September, credit company Fundbox raised $326 million, fintech firm Tipalti raised $76 million and open security platform Snyk raised $70 million.

In addition, drone defense company D-Fend raised $28 million, and 3D-printing company Xjet raised $45 million.

Send Passover Packages to Needy Israeli Soldiers - Bring Them Joy!

We are honored to thank the young men and women of the IDF who risk their lives every day to protect the citizens of Israel. Since October 7th, soldiers have been on the battlefield for months - many are hoping to come home for Passover.

Join us in sending Passover food packages (and personal notes) to Israeli soldiers and their families.

Many soldiers spend the Passover holiday with needy families back home. The soldiers greatly appreciate your love and concern. Bring them Passover joy!

CLICK HERE TO SEND YOUR PACKAGE AND NOTE TO ISRAELI SOLDIERS!