Israeli startups raised over $350 mullion in Dec 2019

Money

Israeli tech companies raised a record $8.19 billion in 2019, easily surpassing the $6.4 billion in 2018, which was itself a record.

According to IVC, Israeli tech companies raised $6.14 billion in the first nine months of the year. This amount an estimated $2.05 billion in the fourth quarter ($800 million in October, $900 million in November and $350 million in December) for a record $8.19 billion in 2019, easily surpassing the record $6.4 billion raised by Israeli tech companies in 2018, which according to IVC was up from $5.24 billion in 2017.

Web-based services navigation company WalkMe led the way in December with a $90 million financing round and revenue intelligence company Gong.io raised $65 million. 4D imaging radar developer Arbe Robotics raised $32 million, HR startup Gloat raised $25 million, and fat disorders drug developer Raziel Therapeutics raised $22 million.

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