Q3 of 2017: Israeli Startups Raise $1.44B
October 24, 2017 | One hundred forty-four Israeli startup and high-tech companies raised $1.44 billion in the third quarter of 2017, surging from $933 million in the third quarter of 2016 and increasing their funds by 14 percent over the $1.27 billion of the second quarter, according to a survey of the IVC Research Center. While the average financing round reached a five-year high at $10 million, the number of deals declined to its lowest number in the past five years. There were 457 deals in total but just over 140 deals in the third quarter of 2017. Still, a late round by transportation company Via of $250 million boosted the results of 2017’s third quarter upwards, with five deals over $50 million making up 33 percent of the quarter’s total amount.