Israeli startups raise over $400m in June

Startup

Startups have raised nearly $2 billion in the first half of 2017, slightly below last year's record amount.

Israeli startups have raised over $400 million in June, according to "Globes" records, nearly half of the total amount in the second quarter of 2017. With just over $1 billion raised by startups in the first quarter of 2017, according to both "Globes" records and IVC-Research, the country's startups have raised nearly $2 billion since the start of the year. In 2016, Israeli startups raised a record $4.8 billion.

This past week has seen a flood of companies announcing that they have closed large financing rounds. Yesterday alone, image recognition company Trax announced that it had raised $64 million (including $32 million in equity sold by shareholders) while digital post-print company Highcon raised $20 million. Earlier this week, e-commerce fraud prevention company Riskified raised $33 million, neurological therapy company Mitoconix Bio raised $20 million and personalized nutrition company DayTwo raised $12 million from Johnson & Johnson.

The biggest raise this month was cyber security company Cybereason, which closed a $100 million financing round. Two companies have expanded financing rounds in June. Connected vehicle company Autotalks raised $10 million more to bring its financing round to $40 million, while Eloxx Pharmaceuticals raised $6 million more, to bring its latest financing round to $30 million.

Published by Globes [online], Israel business news - www.globes-online.com - on June 29, 2017

© Copyright of Globes Publisher Itonut (1983) Ltd. 2017

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