Israeli startup companies completed 105 rounds of capital raising in the first quarter of 2024, up 34% from the previous quarter, according to preliminary data from economics firm IVC. This is the first quarter to see an increase in capital rounds since 2022.
A total of $1.6 billion was mobilized. This is 10% more than in the previous quarter, but 10% less than in the first quarter of 2023.
The number of seed and first rounds of capital raising (that is, startups at the very beginning of their journey) increased by 48%. Six companies raised more than $100 million each.
More than 40% of all funds raised came from the cybersecurity sector.