24 Oct 2017

Globes: Israeli startups raised $1.44b in Q3

Startups raised a record $3.8 billion in the first nine months of 2017, IVC-ZAG reports.

$1.44 billion was raised by 144 Israeli startups in the third quarter of 2017, up 14% from $1.27 billion in the preceding quarter of 2017, and up 54% from $933 million in the corresponding quarter of 2016, according to the latest report by IVC Research – ZAG – S&W. The number of deals, however, was down in the third quarter of 2017, at just over 140 deals.

The average financing round was $10 million in the third quarter of 2017, the highest amount in five years, compared with an average of $8 million and $6.7 million in the preceding quarter and corresponding quarter of 2017, respectively.

Read more here: http://www.globes.co.il/en/article-israeli-startups-raised-144b-in-q3-1001208918