Israeli startups raise $237m in first week of June


Despite a slowdown in global high-tech, Israeli companies continue to close large financing rounds.

There may be a slowdown in the high-tech sector worldwide but Israeli startups still don't seem to have any problems raising money. In the first week of June alone, 13 Israeli startups raised an impressive $237 million. All this follows a creditable May for Israeli startups, when among other things ridesharing app Via raised $100 million and taxi hailing app Gett (formerly GetTaxi) brought in a $300 million investment from Volkswagen.

Website guide developer WalkMe has led the way in June with a $50 million financing round. Not far behind was image retail recognition company Trax, which raised $40 million and data storage company Weka.IO, which raised $32 million. Smart video company SundaySky raised $30 million and mobile cyber security developer Zimperium raised $25 million.

In the healthcare center, patient monitoring device company EarlySense raised $25 million.

The smaller financing rounds included $10 million raised by big data analysis company Signals Group and $8 million raised by human resources B2B platform developer Hibob. Oribi, which analyzes business intelligence data raised $5 million, as did Twiggle, which has developed a search engine for shopping sites. CallVU, which has developed a mobile platform for customer service centers raised $3 million and business information company Unomy raised $2 million. Appfront, which has developed an app for ordering food raised $1.5 million.

Published by Globes [online], Israel business news - - on June 9, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

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