2020 began under the shadow of a coming pandemic that would soon wreak havoc on worldwide health and finances.
Yet despite rising unemployment and a decline in early-stage financing, a year-end report from non-profit organization Start-Up Nation Central shows 2020 broke capital-raising records in Israel.
“As of the beginning of December 2020, Israeli companies raised $9.5 billion in capital, and 2020 is on course to becoming the first year in which capital raised by Israeli companies will cross the $10 billion threshold,” the report from the Tel Aviv organization stated.
Investments in Israeli companies more than tripled in six years, and capital raised in 2020 increased more than 20% year-over-year.
Why did Israeli firms win record investments in a Covid year?
As funding totals near $10b, investment insiders explain the successes and challenges that 2020 brought for blue-and-white companies.
Image by Stephen Dawson/Unsplash.com
The year 2020 began under the shadow of a coming pandemic that would soon wreak havoc on worldwide health and finances.
Yet despite rising unemployment and a decline in early-stage financing, a year-end report from non-profit organization Start-Up Nation Central shows that 2020 broke capital-raising records in Israel.
“As of the beginning of December 2020, Israeli companies raised $9.5 billion in capital, and 2020 is on course to becoming the first year in which capital raised by Israeli companies will cross the $10 billion threshold,” the report stated.