Israel High Tech Scene February 9 – February 16 New Startups / VC Funding Three Israeli Startups – Clarity, Lava Network And Seal Security – All Make Seed Raises In two new deals that show how Israel Startup Nation is still strong despite the ongoing Iron Swords War in Gaza, Australian investments firm Macquarie invested […]
Annual funding for the Israeli tech industry is expected to have fallen by nearly half in 2023 after a planned judicial reform and war with Hamas in Gaza deterred many investors, an annual report by Startup Nation Central found.
Israeli high tech firms raised $1.5 billion in the fourth quarter of 2023, preliminary data showed on Thursday, in a sign that foreigners are still investing in Israeli startups despite Israel's war with Palestinian militant group Hamas. The Israel Venture Capital (IVC) Research Center and LeumiTech said fundraising in quarter up until Dec. 26 dipped 15% from the third quarter but 75 deals were done. The report said that foreign participation rose in the fourth quarter after a decline earlier in 2023, saying "the presence of foreign investors is a significant indication of the availability of funds for investments."
Israeli entrepreneur Amit Bendov, a harsh critic of Benjamin Netanyahu, says Israel s "dysfunctional" government continues to make mistakes in the aftermath of the Hamas terrorist attack.