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Israeli tech firms raise record $6 52b in Q2, led by fintech and cybersecurity

Israeli tech firms raise record $6 52b in Q2, led by fintech and cybersecurity
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IVC s Israeli Tech Review finds 2020 marked by fewer exits, increased investments in growth companies

2020 seems set to be remembered as the year that the Israeli tech sector completed its departure from the Israeli market, though not from the international market. In 2020, local tech companies registered record investments due to the immense demand for technology that supports the shift to working from home, cybersecurity, and so forth. At the same time, there was a significant decline in the number of exits, meaning the sale of Israeli companies to foreign organizations, according to The Israeli Tech Review published on Tuesday by research company IVC together with the Meitar law firm.  The report states that 2020 saw 578 deals at an accumulated investment of $9.9 billion, marking a 14% increase in the number of deals from the previous year, which totaled $7.8 billion and an increase of 27% in invested capital. It was also a record year for capital raising by Israeli technology companies traded on the stock exchange: 121 companies raised $6.55 billion in 2020 compared to 68 com

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