The pace at which Israeli startups have been raising capital has slowed since the beginning of February, but companies continue to draw interest and the funds - both VC and investment - are continuing to invest.
A “Globes” study of capital raising by Israeli startups since the beginning of the year finds that companies raised $120 million in February - 18% of the total.
However, the capital funding was lower in February than in January. The most substantial deal in February was the $25 million raised by Riskified, which develops anti-fraud solutions for credit cards. The second highest amount in February was $16 million by Skybox Security, as part of a sale of its controlling stake for $80 million.
Since the beginning of the year, 47 companies have raised a record $683 million - NIS 2.7 billion - a significant sum for an industry that the Ministry of Finance says has ceased to be the main growth engine of the Israeli economy. Of the 47 companies, 68% raised $20 million or more.
Meanwhile, technology firms continue to dominate biomed startups in capital raising. Of the 47 aforementioned companies, only 7 were biomed startups - they raised $98 million, 14% of the total.
Published by Globes [online], Israel business news - www.globes-online.com - on February 21, 2016
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