29 Sep 2017

Globes: Israeli startups raise nearly $600m in September

Startups raised at least $1.2 billion in the third quarter and have raised $3.5 billion since the start of the year.

Israeli startups have raised nearly $600 million during September, according to press releases issued by companies that have completed financing rounds. The figure may be more as some companies prefer not to publicize the investments they have received.

The high figure for September, well above the monthly average of $300-$400 million, was due to a whopping $250 million financing round closed by ridesharing company Via, which was led by Daimler. Innoviz, another auto-tech startup, which develops laser sensors, raised $65 million including investments from Tier 1 car suppliers Delphi and Magna. Also in the automotive sector, StoreDot, which is developing a quick-charging car battery, raised $60 million, also with an investment from Daimler.

Read more here: http://www.globes.co.il/en/article-israeli-startups-raise-nearly-600m-in-september-1001206663