Rising Funding for Israeli Startups: First Quarter of 2024 Sees 10% Increase in Capital and 48% Jump in Early-Stage Funding Rounds

In the first quarter of 2024, Israeli startups raised $1.6 billion in capital, representing a 10% increase from the previous quarter. This is the first time since 2022 that there has been an increase in capital rounds. The number of seed and early-stage funding rounds increased by 48% compared to the same period last year. Six companies were able to raise over $100 million each during this time.

The cybersecurity sector was responsible for more than 40% of all funds raised, indicating a strong demand for security solutions in Israel’s startup ecosystem. Despite fluctuations in funding amounts, there was a significant increase in the number of capital rounds completed, reflecting a positive trend for Israeli startup companies. IVC’s preliminary data suggests that this growth will continue throughout the year, as investors become increasingly interested in investing in Israeli startups. Overall, the first quarter of 2024 marks a promising start for Israel’s startup ecosystem in terms of investment and growth.