Tech investments to spike as UAE-Israel cooperation steps up
Alvin R. Cabral/Dubai Filed on March 13, 2021
The subsector within fintech that has benefited the most from the pandemic is payments, which poses as a huge opportunity for companies operating in the UAE.
Covid has been the fastest accelerator for innovation in recent years
Investors have a lot of spare capacity available and are expected to invest even more this year given stronger aspects in a number of areas, particularly in the technology space.
And the adapdability of innovation in any situation will become a major reason investors and entrepreneurs will be collaborating for more business prospects, a top official at a major Israeli startup enabler believes.
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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.
Israeli Startup Fundraising per month, source: Start-Up Nation Central Research Department (Finder Platform)
Feb 11, 2021
Notwithstanding the economic crisis from the pandemic, investment in Israeli startups soared in the first month of 2021.
By Yakir Benzion, United With Israel
Despite all the problems happening from the pandemic, the world is still bullish on Israel. A study by Start-Up Nation Central, an organization that promotes new high-tech in Israel, discovered that a record $1.44 billion was invested in Israeli startups in January,
Globes reported Thursday.
That investment tops the previous high of $1.2 billion that was raised only a few months ago in September 2020.
Start-Up Nation Central reported that investors pumped more than $100 million each into six different Israeli startups, qualifying for what is termed a “mega rounds” of investment.
Illustrative image of an elbow-bump (Picturesque Japan; iStock by Getty Images)
Investments in Israeli startups surged to a record $1.44 billion in January, even as the pandemic has continued to wreak its havoc, Start-Up Nation Central (SNC), a nonprofit that tracks Israel’s tech industry, said on Thursday.
The figure compares to $956 million raised in January 2020, just before the pandemic struck. May 2020 saw a drop in investment to just $433 million, but by autumn investments were above the $1 billion mark, reaching $1.26 billion in September.
During January this year, six startups raised more than $100 million each, or so called mega rounds, during the month, totaling 73% of the total funds raised that month. The mega-rounds in January 2021 alone equal close to 30% of the total number of mega-rounds in the entire year of 2020, which totaled 21.