Israel is known for its internet start-ups, but the assumption that these companies will get gobbled up may be a thing of the past.
Late-stage tech companies in Israel raised $447 million in the second quarter, double the amount in the first quarter, according to IVC Research center. The qualification to be considered a mature company is to generate $10 million in sales. These companies were the recipients of 48% of tech funding, which was at its highest level in 14 years. The success of Mobileye, which makes technology for driverless cars and raised$890 million on its IPO, the largest ever for an Israeli company, is showing that a number of these Israeli start-ups may reap significant rewards by staying independent and developing.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
