2021 opens with record investments for Israeli startups
Unprecedented total of at least $1.2 billion in January includes rounds for unicorns Rapyd, K Health, OwnBackup, Melio and DriveNets.
Photo by Annie Spratt on Unsplash
Following a record-breaking year that saw some $10 billion of investment flowing to Israeli companies, the reported amount of funds raised in January exceeded $1.2 billion, the highest amount for a single month ever.
The highest reported amount was $300 million by Rapyd, which embeds fintech services into apps, in a Series D round.
Rapyd, now valued at $2.5 billion, is one of five unicorns — privately held companies worth at least $1 billion — that raised the majority of the January funds reported. Israel has the most unicorns per capita.