Israeli startups raised almost $1b in October

Israeli privately-held tech firms raised over $8 billion within the first ten months of 2024, up from $6.9 billion in all of 2023.

Israeli startups raised almost $1 billion in October 2024, in accordance with reviews and press releases seen by “Globes.” The determine could also be extra as some firms desire to stay in stealth and generally don’t publicize the investments they’ve acquired.

Israeli privately-held tech firms raised $7.2 billion within the first 9 months of 2024, in accordance with IVC-LeumiTech. So with final month’s determine over $8 billion was raised within the first ten months of 2024. indicating a restoration from 2023 when $6.9 billion was raised in the complete 12 months, after $15 billion was raised in 2022, and a document $25.6 billion was raised in 2021.

In October 2024, the largest financing rounds have been accomplished by: cybersecurity firm Armis, which raised $200 million; funds platform Melio, which raised $150 million; proptech firm DoorLoop, which raised $100 million, and cloud backup firm EON, which raised $77 million.

Revealed by Globes, Israel enterprise information – en.globes.co.il – on November 3, 2024.