Israeli startups raised over $2.2b in September

Regardless of the numerous holidays, Israeli startups raised over $2.2 billion in September 2021, based on press releases from the businesses and their traders in addition to different sources. The determine could also be extra as some corporations want to stay in stealth and typically don’t publicize the investments they’ve acquired. Israeli privately held tech corporations have raised over $2 billion in six of the previous seven months.

Israeli tech corporations have now raised $17.5 billion within the first 9 months of 2021, already far above the document $10 billion raised in all of 2020. Based on IVC-Meitar, Israeli startups raised $11.9 billion within the first half of 2021.

In September, the main financing rounds that have been accomplished have been led by cloud native software safety firm Snyk, which raised $530 million ($300 million in new funding funds and $200 million in a secondary deal by which present shareholders bought their shares) at an organization valuation of $8.5 billion. Payroll platform Papaya World raised $250 million, funds platform Melio additionally raised $250 million and video enhancing cellular app Lightricks raised $130 million. Streamer platform Streamelements raised $100 million and buyer success platform Totango additionally raised $100 million.

There have been different main financing rounds accomplished by AI building optimization firm Versatile, which raised $80 million, whereas CRM advertising firm Optimove raised $75 million, inventory choices funding firm EquityBee raised $55 million and large knowledge analytics firm Speedata additionally raised $55 million. Quantum orchestration platform Quantum Machines raised $50 million and deep knowledge firm proteanTecs additionally raised $50 million.

Printed by Globes, Israel enterprise information – en.globes.co.il – on October 1, 2021

Copyright of Globes Writer Itonut (1983) Ltd. 2021