At the Height of the Pandemic: January Sees Record Number of Investments in Israeli Start-ups
TEL AVIV, Israel, Feb. 15, 2021 /PRNewswire/ -- Analysis by Israeli NGO Start-Up Nation Central (SNC), has revealed that January 2021 saw record investments in Israel during a single month. Six start-ups raised more than $100M each (mega rounds) during the month, totaling 73% of the total, record-breaking $1.44B raised by Israeli firms in January. Furthermore, the mega-rounds in January 2021 alone, equal close to 30% of the total number of mega-rounds in the entire year of 2020 (21 total). All of the aforementioned reflects a strong vote of investor confidence in Israel's innovation ecosystem during the COVID-19 pandemic.
The six 'mega-rounds' which were announced during January 2021 were:
Fintech was the dominant sector during January with two 'mega-rounds' and $413M raised (29% of the total fundraising in January). It is a continuation of Fintech's strong performance since September 2020 with $1.4B in investments compared to only $340M raised in the first eight months of 2020.
Director of Research at Startup Nation Central (SNC), Meir Valman: "The record level of fundraising in recent months is driven by two effects. One is the increasing maturity of the Israeli tech ecosystem, when rapidly growing startups are able to raise much larger rounds. The other is the effect of Covid-19 on Israeli companies, which pivot rapidly to address the challenges of the pandemic, but that will also stay relevant long after it is gone."
About Start-Up Nation Central (SNC) and the Finder Platform
Start-Up Nation Central is a non-profit organization that helps tackle global challenges by connecting Israeli technologies with multinational corporations, governments, investors, as well as NGO's from around the world.
Start-Up Nation Finder the Innovation Discovery Platform, is a leading source of in-depth information on Israeli Startups, investors, hubs, multinational corporations, and academic technologies. The open-source platform provides up-to-date information and insights into thousands of active Israeli companies. It serves as the gateway to the Israeli innovation ecosystem for global visitors seeking partnership with the local tech industry.
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SOURCE Start-Up Nation Central (SNC)