Connect with us

Hi, what are you looking for?

Jewish Business News


Israeli Startups Raised Record $1.44 Billion in Mega-Rounds in January

Israeli NGO Start-Up Nation Central (SNC) reports has found January 2021 beating the $1.2 billion raised in September 2020.

Israeli NGO StartUp Nation Central (SNC) report has found that January 2021 saw record investments of $1.44 billion in Israeli startups, in a single month. The record amount raised during a single month, beating the $1.2 billion raised in September 2020.

Six startups raised more than $100 million (mega-rounds) each during January, accounting for 73% of the total, a record-breaking $1.44 billion.

Moreover, the mega-rounds in January 2021 alone, equal to 30% of mega-rounds in the entire 21 rounds of 2020, a record year of $10 billion raised by Israeli startups.

The six mega-rounds announced during January 2021 were raised by the following companies: Fintech, Rapyd, a global payment network developer, $300 million, D Round; Network Infrastructure Drivenets, a cloud-native software network developer, $208 million, B round; Enterprise solutions OwnBackup, an automatic cloud backup company, $167.5 million, D Round;  Digital health K Health, telemedicine app, $132 million, E Round; Ecommerce company Resident, $130 million, B Round; and FinTech Melio, B2B payments company, $110 million, D Round.

Fintech was the dominant January with two ‘mega-rounds’ totaling $413 million, 29% of the total fundraising in January. 

Those figures show Fintech continues its strong performance since September 2020 with $1.4 billion in investments compared to only $340 million raised in the first eight months of 2020.

SNC director of research Meir Valman said, “The record level of fundraising in recent months is driven by two effects. One is the increasing maturity of the Israeli tech ecosystem when rapidly growing startups are able to raise much larger rounds. The other is the effect of Covid-19 on Israeli companies, which pivoted rapidly to address the challenges of the pandemic, but they will also stay relevant long after it is gone.”

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...


Now Platika joins and elite club of $10 billion plus Israeli firms.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...